Lawsuits Against Doctors Are For More Than Just Medical Care Delivered

Getting back to the asset protection roots of our discussions, today we examine a variety of liabilities for doctors that are not strictly related to the “standard of care” at the center of most malpractice claims. If you joined us last week, we discussed so-called “defensive medicine” and the idea that limiting diagnostics based on […]

Income Tax Deductions Doctors and Business Owners Often Overlook

CPA TJ CASEY

As tax day bears down on us with increasing momentum, I turned to a CPA for some tips on commonly overlooked deductions. As always, legal and tax advice given in this forum can only be general information and can never be considered individual tax advice, so discuss these issues with your own CPA now, while […]

Asset Protection and Wealth Preservation Attorney and Author to Speak on in Maui, November 21st, 2013

A Seminar About Protecting Your Wealth and Assets

FOR IMMEDIATE RELEASE:   Maui, HI.  November 17, 2013. Asset Protection Attorney Ike Devji will be the featured guest speaker at a November 21st, 2013 educational seminar for doctors, business owners and other high net worth individuals sponsored by Ronsman & Associates, a wealth advisory firm serving specially qualified clients in Hawaii, Arizona and Alaska.   […]

Employees, Financial and HIPPA Data Create Risk for Medical Practices and Business Owners

HIPAA and financial data present an ongoing asset-protection issue for physicians and medical practices. This week we take a look at a specific exposure suffered by up to 40,000 (yes, 40,000) patients of one Arizona medical practice and some simple precautions that may help your practice avoid the same exposure.  While written for doctors, this […]

Arizona Asset Protection Lawyer Ike Devji in Financial Consultant Magazine

IKE DEVJI FEATURED IN FINANCIAL CONSULTANT MAGAZINE

Attorney Ike Devji was recently featured as an author in the premier issue of Financial Consultant Magazine. Ike’s article, “The Growing Role Of Financial Advisors – Asset Protection” takes a look at the financial devastation that many successful professionals experienced over the last few years and the role that top advisors must play in helping their […]

Asset Protection Trusts For Doctors – An Introduction

Asset-protection strategies for physicians take many forms and range from sound policies and procedures that seek to minimize risk and liability to crisis-management plans, the right kinds insurance, and, finally, specific legal tools. All of these strategies can be valid and effective parts of a true asset protection and risk management system and the key […]

Drug-Based Treatment Liability Issues for Physicians

DRUG LIABILITY

A variety of medical specialties use drug-based treatments administered by the  physician’s office as a routine part of their treatment regimes. This usage presents expanding serious liability issues that require serious consideration  and risk management. The use of specialty-compounded drugs to treat a variety of ailments is on the rise (one recent report says they […]

Doctors Lack Key Financial Planning Info

Recently, I read a 48-page report issued by AMA Insurance on financial preparedness among  physicians, based on 2,500 respondents. Consensus: Many doctors feel  they are under-planned and undereducated about personal finance issues. The good news? We’ve already covered and continue to address many of these issues for you here and at www.PhysiciansPractice.com, where this article […]

The “C” Word in business: Vital Issues To Consider With C-Corporations

The article linked below contains some simple and important issues to consider regarding the taxation of C-corps. As an asset protection attorney I’ve never been a fan of them because they are weak , if not defective from a creditor perspective as the shares can actually be taken from you as an asset and handed […]

Asset Protection Trust Jurisdictions for Physicians – Part 1, Domestic

In our discussion two weeks ago we introduced the Asset Protection Trust (or APT) as a tool and answered some of the most frequently asked questions regarding what it is and how it differs from the estate-planning trust many doctors already have in place. We continue our discussion of the APT this week and examine […]

Tax Scams: I.R.S Dirty Dozen Targets Doctors and Business Owners

  With fewer than 60 days until tax time the annual 11th-hour tax planning rush by doctors is in full swing. The Dirty Dozen listing, compiled by the IRS each year, lists a variety of common scams taxpayers can encounter. “Taxpayers should be careful and avoid falling into a trap with the Dirty Dozen,” IRS Commissioner […]

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 […]

HIPAA EXPOSURE GETS EVEN MORE ONEROUS – Medical Practice

As we’ve discussed in several previous articles, insurance that covers corporate and executive liabilities in an essential first line of defense, including Data Breach or Cyber Liability Coverage for doctors. This coverage grew even more important on Jan 25, 2013 as DHS provided additional rules and liability for medical practices which go into effect on March […]

Addressing Employee Liability Issues at Your Medical Practice or Business – 12 Month Practice Tune-up

12 Month Medical Practice Makeover

January 08, 2013 | Finance, Risk Management, Law & Malpractice, Staff By Ike Devji, JD Happy New Year and thanks for continuing into 2013 with us. In one of my last columns of 2012, I suggested that many of the complex issues we discussed together over the last few years in this forum can seem […]

Fatal Flaws in Doctors’ Asset Protection Planning

During my practice with a client base of thousands of doctors I have seen the best and the worst of asset protection planning available to the American public as well as the most common flaws evident in both self-directed planning and plans executed by “professionals” who do not practice primarily in this area. Below is […]

This Doctor’s Love Affair Became Malpractice

A doctor gets a six figure award against him unanimously upheld by an appeals court. We can protect you against lots of things, but your own actions are sometimes our greatest challenge. See the whole story as reported on medline here: This Doctor’s Love Affair Became Malpractice http://www.medscape.com/viewarticle/775952?src=nl_topic

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

Mark Johnson, B2B CFO

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

BUSINESS AND MEDICAL PRACTICE OWNER LAIBILITY

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, […]

A Physician’s Start-Up Guide: Picking the Best Real Estate for Your Medical Practice

Buying the perfect building for your medical practice requires you to consider much more than “location, location, location.”  In our first two discussions on starting a new practice we’ve examined both the fine points of doctors’ serious liability for debt involved with buying a building or financing a medical practice start-up and common issues physicians […]

The Physician’s (and Business Owner’s) Simple Asset Protection Self-Exam

Several readers have contacted me with a similar question after reading many of the discussions featured here. Though phrased in different ways, the question is essentially this: How can I quickly figure out what I have exposed at any given time? I’ve provided a simple start to answering this question for you below. It will […]