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This may not be the approach High Earners in the United States would want to take given the alternatives that are much more palatable for most. I can’t really speak to this specific professional athlete situation, but what I can say is this ... There are key differences between the United States and Europe when it comes to trust law. ⚖️ If you tried to use this same strategy here in the U.S., you’d have to set up an irrevocable trust, and that can actually work against you in terms of income tax
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