Whether you are an advisor looking for the best help for your clients or a successful individual doing your own due diligence, knowing the right questions to ask to qualify a so called “asset protection” expert is more important than ever before. Failing to do so and working with amateurs, or worse, non-attorney promoters can not only cause […]
What every medical practice and small business owner must consider about gun violence, personal security, and their own legal liabilities. In the continuing wake of the tragic Parkland and Santa Fe school shootings as well as the most recent nationally reported act of violence against a Scottsdale Arizona Physician*, America is once again examining its relationship […]
Workplace sexual harassment is a risk every entrepreneur must be informed of and manage. The Harvey Weinstein Effect Starting with the floodgates that opened with the alleged egregious actions of Harvey Weinstein, headlines across the U.S. feature claims of sexual harassment, assault and misconduct with news stories literally breaking by the hour on some days. Last week […]
The most successful entrepreneurs we serve build their success through a combination of their own hard work and by building, leading and keeping high performing teams. In this special guest post, entrepreneur business coach and consultant Mitch Pisik shares an executive summary on protecting one of your business’ greatest assets, its people. Ike Devji A Company Is Known […]
Business owners, doctors and entrepreneurs are often targeted with asset protection sales pitches from unqualified advisors. Let’s review some of the questionable advice you are getting and how to qualify your advisors. The (not so) Magic Umbrella Policy I was recently contacted by a physician with seven figures in exposed home equity and other significant […]
Business and medical practice owners and managers must be aware of internal fraud and embezzlement that often capitalizes on recurring year-end cycles in revenue, spending and inventory and a lack of regular oversight. I covered some of the external fraud scheme you face at year-end in another discussion including a detailed look at invoice fraud. While I provided […]
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 […]
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 […]