“I think pro sports leagues need some sort of trust system so athletes are unable to blow through their salary in a few years.”
Isnt that what finacial advisors are for? Having said that, if one doesn’t heed the advice then its too damn bad.
Most Advisors raid their clients accounts because sport stars are just plain lazy and don’t want to be bothered with stuff like that.
If I ever won the lottery I would set aside a million dollars and let a advisor handle the rest. And I would tell the advisor that I will use the million dollars for my lawyer because if I caught him stealing the advisor would be room temp in a matter of days.