«Asset protection for internationally successful athletes»
Dr. Marco Felder and Mag. iur. Rainer Sprenger, GSLTR, 2019
Successful international athletes often face a high risk of asset loss, for example due to a high standard of living, unfavorable investments, divorce or a lack of financial knowledge. To prevent these risks, Liechtenstein foundations combined with the tax advantages of Italy offer an effective solution. Foundations offer protection against creditors, financial risks in the event of divorce and other asset losses. They also make it possible to safeguard the standard of living and provide for targeted estate planning. Another advantage is that the transfer of assets to the foundation can be tax-free and the annual tax burden is low. Italy's forfait tax regime attracts wealthy individuals by allowing flat-rate taxation of foreign income. In combination with a foundation, this offers an extremely attractive wealth management option. This offers considerable advantages, particularly for athletes who wish to plan their residence and asset structure for the long term.
Topics in the publication
- Risk of asset loss
- Asset protection and estate planning for athletes
- Liechtenstein foundations
- Forfait tax regime in Italy
- Asset management and planning