Fatal Flaws of Asset Protection Part 4

FATAL FLAWS

Asset Protection attorney Ike Devji interviewed by Financial expert Steve Savant. In part four of this five part consumer legal education video series, Ike discusses using LLCs and common scams and defective strategies like gifting that business owners and entrepreneurs should avoid.

Video: Common Asset Protection Mistakes Pt. 3

FATAL FLAWS

  Asset protection lawyer Ike Devji discusses common fatal mistakes in asset protection planning. In part 3 of his 5 part interview series with financial expert Steve Savant Ike discusses how entrepreneurs and business owners might use the wrong legal tools or actually drag liability back into their safe legal planning.

Are Changes To Trump’s Trust an Asset Protection FAIL?

Photo Credit and Copyright Gage Skidmore. Used under Creative Commons License : https://flic.kr/p/Ej4WVY

Donald Trump’s creditors and those currently involved in lawsuits against him may be celebrating. Trump was in the news again this morning for changes made to the trust that  holds and controls his business interests. According to new reports, changes were made to Trump’s trust in February, shortly after the inauguration. Based on news reports […]

VIDEO: Asset Protection Law Expert Ike Devji on Fatal Mistakes In Planning

Asset Protection lawyer Ike Devji interviewed by financial expert Steve Savant on the Fatal Flaws of Asset Protection Planning. Part one of this five part series for successful entrepreneurs, physicians, family business owners and their advisors.

A Real Life Asset Protection FAILURE

FATAL FLAWS

Successful business owners and doctors face many different kinds of risks. The following real story* illustrates significant exposures in one physician’s planning. Failure to Adequately Insure and Implement Legal Planning I was personally involved in this case earlier this year as an anti-fraud consultant.  A doctor’s husband was at fault in a car-pedestrian accident and struck and seriously injured […]

Asset Protection Mistakes Part 2: Interview With Attorney Ike Devji

In part two of a five part, plain English discussion of the common fatal mistakes of Asset Protection planning, lawyer Ike Devji and financial expert Steve Savant discuss why traditional estate planing alone won’t protect your wealth and why many successful people defeat their own planning by using the wrong tools or putting “too many […]

So You Finally Won the Powerball Lottery: How to Keep Sudden Wealth

windfalls

A financial windfall can be a blessing, a curse or more likely a combination of the two. Knowing what to do if you win the Powerball lottery or have any other event of sudden wealth is key. As asset protection and wealth preservation attorneys my colleagues and I deal not only with those who have […]

Year-End Tax-Scams Targeting Doctors and Business Owners

TAX FRAUD

 The year-end planning rush so familiar to physicians has many pitfalls including a variety of serious tax scams. Some scams covertly target you externally, while others are actually brought to doctors and business owners by their own would-be advisors; today we provide some red flags to look out for on both fronts. This is part […]

Negative Publicity: Crisis Management for Businesses, Medical Practices

CRISIS

Issues in the news like the recent Ashley Madison data dump prove how negative publicity related to your practice or  the personal activities of any of its owners or employees, can have devastating effects on your professional reputation and financial solvency. Regardless of the cause, every business and medical practice owner and manager should understand some PR crisis […]

Year-End Tax Plan Sales Targeting Doctors, Business Owners

Year End Sales Hustle

The last quarter of the year is historically an active time for physicians and business owners and their tax, legal and financial advisors. Given increased regulatory issues, I.R.S. scrutiny and increased fraud, it’s vital that you do some basic due diligence before you pull out your checkbook. Doctors are heavily solicited for a variety of tax and […]