What Could Bravo’s ‘The Queen of Versailles’ have to do with Asset Protection?

Quite a bit actually as it shows the stupidity of reckless excess spending, the importance of having cash (even for the rich) and the failure of most contemporary estate planners and business lawyers to plan ahead and think defensively, yes even the super smart ones who work only with rich people. – Ike Devji   […]

DEBT RESTRUCTURING WITH NEW COLLATERAL FRAUDULENT TRANSFER?

HOW CAN A DEBT RESTRUCTURING WITH NEW COLLATERAL POSSIBLY BE A FRAUDULENT TRANSFER?  ANSWER:            LIENS MAY BE SET ASIDE AND DEBT PAYMENTS DISGORGED IF THE PARTIES PLEDGING THE ADDITIONAL COLLATERAL DID NOT RECEIVE VALUE REASONABLY EQUIVALENT TO THE OBLIGATIONS INCURRED. You would think that curing a $2 billion loan default, restructuring loans and preventing further […]

Medical Practice Liability Insurance Tune Up: The First Line of Defense

We’ve previously detailed both the most common fatal flaws in physicians’ asset-protection planning and the reasons insurance alone is inadequate to protect doctors. Those issues aside, insurance against known and recurring exposures is always the essential first line of defense.   As you’ve seen in this column before, it is unreasonable to think that we […]

Directors and Officers Liability Insurance Issues for Physicians

A commonly overlooked area of risk management in physician’s business and asset-protection planning is the need for “Directors and Officers” coverage, commonly referred to as D&O insurance.   In previous articles we have covered a variety of essential life, disability and liability insurance strategies, always the first line of defense. This week we examine the […]

Corporate Officer and Director Liability for Crimes Comitted By Company – CEO ASSET PROTECTION

An area of liability and exposure that is becoming more common and which is routinely overlooked in planning is  Officer and Director liability including both civil and criminal liability. This issue affects a variety of C-level executives from the traditional C.E.O. right through C.T.O. as the witch hunt continues. The first lines of defense are simple, […]

Seven Ways To Survive a Business Cashflow Crunch – CEO/Entrepreneur/Startup

Over the last few years the concept of Asset Protection has greatly expanded to include not just the traditional threats like litigation exposure, but effective risk management on all fronts, including cash flow and other solvency related issues magnified by the economy. We’ve covered many of these issues here including those related to real estate, […]

Start-Ups: When Does Liability for Your Business or Medical Practice Begin? – Asset Protection

The many discussions we have shared here have largely centered on asset protection and other legal and financial issues faced by physicians and business owners. The bulk of those discussions assumed that you own or run a business or medical practice. Due to the growing availability of financial and legal education resources available to business owners, […]

Business Owners and Managers CAN Influence the World for the Better – Choose To Do So

Like you I get a lot of email newsletters on variety of business and legal issues every day, much of it negative or scary . Most of them are unremarkable and get skimmed and deleted quickly. Every once in a while you get a gem, a good reminder of something you should be doing or […]

D.I.Y. Asset Protection Strategies Every Physician and Business Owner Can Implement

Many of the issues and case studies we have discussed on physician asset protection planning in the age of decreased earnings and unlimited liability may seem daunting and complex. Fortunately, not all the moves you can make require a great deal of time and expertise to address. Here are some small simple issues that every […]

Tax Planing Schemes Every Physician (and Business Owner) Should Avoid

The next 60 days marks the final push to sell physicians and private business owners across the United States tax plans of both good and questionable value. Promoters of various plans are well aware of the pressures affecting your income and will make a variety of frivolous arguments that appeal to your desire to save. As […]