Understanding the Vital Role of Your Umbrella Policy (And Why It is Not Enough On It’s Own) Financial columnist Steve Savant interviews asset protection attorney Ike Devji on Asset Protection Strategies for Business owners and entrepreneurs.
Asset protection, perhaps counter intuitively, is just as important for entrepreneurs who are selling their businesses as it is for those who are running one. In fact, “selling a business” is one of my “risk factors” listed in the chart below. Most so-called succession and exit planners focus only on the deal terms, taxation, the valuation, estate planning, life insurance sales and where your sales […]
Ike Devji’s fifth video in five part interview series with financial expert Steve Savant. Ike discusses amateur planning like “friendly liens” and why insurance, although vital, is not adequate asset protection for business owners and entrepreneurs by itself.
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.
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 […]
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.
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 […]
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 […]
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 […]