“Preparing for the Future: Estate Planning for Florida College Athletes”

1. NIL income for college athletes may be subject to taxes at the federal and state level.
2. College athletes receiving financial aid should be aware that NIL income could impact their eligibility for such aid.
3. Creating trusts or legal entities through estate planning can help protect and manage NIL income.
4. Estate planning can help college athletes create a lasting legacy with their NIL income, such as through scholarships or foundations.

https://www.henlaw.com/news-insights/nil-estate-planning-and-the-florida-college-athlete/