Eido Walny Weighs In on Estate Planning Mistakes Among NFL Players
Originally published January 28, 2014 | ThinkAdvisor
In ThinkAdvisor’s “NFL Players’ 6 Biggest Estate Planning Mistakes,” Eido Walny, founder of Walny Legal Group LLC, emphasized a striking truth: inadequate estate planning is a widespread—and costly—mistake among professional athletes.
As Walny warns, “The biggest mistake people make is to do no planning. It’s an epidemic problem among the general population and it’s no different in professional sports.”
The article identifies common errors—such as failure to adjust beneficiary designations, lack of asset protection, and over-reliance on verbal instructions. Walny’s perspective highlights that NFL players, despite their substantial earnings, are often no better prepared than the general public when it comes to legacy planning.
His firm belief is clear: without clear legal structures, trusts, and documents in place, even high-net-worth athletes leave themselves and their families dangerously exposed.
Full article available at:
ThinkAdvisor – NFL Players’ 6 Biggest Estate Planning Mistakes
By Maria Wood, ThinkAdvisor | Published January 28, 2014