Jeremy Sochan’s Release from Spurs: Managing Professional Athletes’ Estates

For California residents managing assets tied to professional athletes—or families preparing estate plans that include high-value contracts, endorsements, and career transitions—Jeremy Sochan’s recent release from the San Antonio Spurs offers a timely case study in asset protection and financial planning during career uncertainty.

What Happened: Jeremy Sochan Becomes a Free Agent

Jeremy Sochan, the former No. 9 overall pick in the 2022 NBA Draft, has reached an agreement with the San Antonio Spurs to be released, making him a free agent. According to News 4 San Antonio, Sochan is expected to choose from multiple interested teams.

Key details about Sochan’s career transition:

Draft Position: Selected 9th overall in 2022

Achievements: 2023 All-Rookie team member and Rising Stars participant in his first two NBA seasons

Contract Status: After four seasons with San Antonio, Sochan and the Spurs explored trade options before agreeing to his release

Next Steps: Multiple NBA teams have expressed interest in signing the young power forward

Why This Matters for California Families with High-Value Assets

Professional athletes face unique estate planning challenges that California residents should understand, especially if you’re:

Managing assets for a family member in professional sports

Planning for sudden income changes or career transitions

Protecting wealth accumulated during short, high-earning career windows

Structuring trusts that account for contract negotiations and geographic moves

How Can California Probate Attorneys Help Athletes and Their Families?

When professional athletes transition between teams or face contract changes, estate planning becomes critical. Here’s what California families should consider:

1. Asset Protection During Career Transitions

Establishing revocable trusts to manage income from multiple sources (salary, endorsements, investments)

Creating financial power of attorney documents that protect assets during negotiations

Structuring estate plans that accommodate geographic moves between states with different tax laws

2. Protecting Family Wealth for Future Generations

Developing comprehensive estate plans that shield assets from creditors and litigation

Setting up trusts that provide for children and family members regardless of career outcomes

Implementing healthcare directives that ensure medical decisions align with family values

3. Planning for Income Volatility

Creating trust structures that manage high-earning years and potential career-ending scenarios

Establishing durable powers of attorney to handle financial decisions during contract negotiations

Coordinating with financial advisors to ensure estate plans reflect current asset values

Common Questions California Families Ask About Estate Planning for Professional Athletes

What happens to an athlete’s estate if they move between states?

California residents who establish trusts and estate plans maintain protection even when family members relocate for professional opportunities. A properly structured California trust can manage assets across state lines while maintaining tax advantages and probate avoidance.

How can families protect wealth during contract uncertainties?

Revocable living trusts provide flexibility during career transitions, allowing families to maintain control of assets while protecting them from unexpected legal challenges. These trusts can be modified as circumstances change, providing security during negotiations and free agency periods.

What if an athlete’s career ends unexpectedly?

Comprehensive estate plans include contingency provisions for disability, early retirement, or career-ending injuries. Healthcare directives and financial powers of attorney ensure that trusted family members can make critical decisions when athletes cannot.

Protect Your Family’s Future with California Probate and Trust, PC

At California Probate and Trust, PC, we understand that families managing high-value assets—whether from professional sports, business ventures, or generational wealth—need transparent, compassionate legal guidance. Our certified estate planning specialists have helped thousands of California families create customized plans that protect what matters most.

We offer:

Free one-hour estate planning consultations for California residents

Transparent pricing packages with no hidden fees

Comprehensive trust administration and probate services

Personalized plans that account for family dynamics and unique asset structures

Whether you’re planning for the future or navigating probate now, our Sacramento-based team provides the one-stop-shop expertise you need.

Schedule Your Free Consultation Today

Don’t wait until a career transition or family crisis forces rushed decisions. Contact California Probate and Trust, PC at (866) 674-1130 or visit our offices in Fair Oaks, Sacramento, or San Francisco to discuss your estate planning needs.

Legal Disclaimer

This article is provided for informational purposes only and does not constitute legal advice. The information presented is based on publicly available news sources and general estate planning principles. Every family’s situation is unique, and estate planning strategies should be tailored to individual circumstances. For specific legal guidance regarding your estate planning needs, please consult with a qualified California estate planning attorney. California Probate and Trust, PC offers free consultations to California residents seeking personalized legal advice. No attorney-client relationship is created by reading this article or visiting cpt.law without formal engagement of our services.

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Source: News 4 San Antonio | ESPN reporting by Shams Charania