Data Breach and Cyber Liability insurance is a vital first line of defense against a variety of exposures for any business that takes payments, has confidential information, uses social media or has a duty to protect HIPAA information, as just a few examples. Asset Protection lawyer Ike Devji explains what every business owner and entrepreneur […]
In part two of a 5 part educational video series for entrepreneurs, Asset Protection and Wealth Preservation expert Ike Devji explains why EPLI insurance (employment practices liability insurance) is so vital for business owners and entrepreneurs to protect themselves form variety of risks as employers.
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 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.
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 […]
Business owners and Doctors are increasingly bombarded with a variety of asset protection information from different sources of varying skill and experience. One common tool that attorneys and non-attorney promoters alike often focus on is the limited liability company or “LLC.” Unfortunately, because LLCs are relatively simple to create and maintain, they are routinely misused […]
It is important for every doctor and business owner to understand some basics about the Limited Liability Company, commonly known as an LLC; what it is, how it is created, and some of the benefits a well-drafted and maintained LLC can provide. Unfortunately I regularly get reports from my own clients that have been at medical […]
Although IRA asset protection is provided by law to most personally owned and funded IRA accounts there are several other important asset-protection issues doctors, business owners, and other successful individuals need to consider. The (very) general rules of thumb about IRAs: For the purposes of brevity in the context of this column, in most cases, your […]