Ask These Questions Before Buying Life Insurance

The fourth quarter of the year is when life insurance sales kick into high gear. In many cases, life insurance is often sold as a tax savings plan, here are the questions you must ask before purchasing this important asset. The majority of this discussion involves the use of some form of “whole life” insurance […]

Year-End Tax Plan Sales Targeting Doctors, Business Owners

The last quarter of the year is historically an active time for physicians and business owners and their tax, legal and financial advisors. Given increased regulatory issues, I.R.S. scrutiny and increased fraud, it’s vital that you do some basic due diligence before you pull out your checkbook. Doctors are heavily solicited for a variety of tax and […]

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 […]

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 […]

Ex-Dallas Cowboy Football Player Sentenced in $20MM Mortgage Fraud

“Mean Gene the Hitting Machine,” Lockhart was sentenced to 4 1/2 years in prison this week for his role in an affinity fraud scam involving mortgage fraud and trading on the name of the Dallas Cowboys. Usually we are protecting the NFL, MLB and NBA players we deal with from outside scams, sometimes the snake is […]

Questions to ask Captive Insurance Provider – Asset Protection – Due Dilligence

We continue last week’s look at captive insurance companies as an asset protection, risk management, and wealth accumulation vehicle for physicians by providing some basic due diligence questions. I am frequently called upon by clients to provide an opinion or sit in on a call or meeting with a prospective captive provider. Sometimes I am […]

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 […]

How to Pick an Asset Protection Lawyer – Key Due Diligence Questions and Caveats

By Ike Devji, J.D. The last 8 years has created an explosion in the Asset Protection planning field due to both the large number of people who have finally realized that their wealth is more finite and fragile than they ever imagined and the litigation boom that inevitably follows tough times. Unfortunately, this new found […]

Due Dilligence and Why the Background Check You Used Won’t Work

    Due Diligence is a commonly overlooked or underestimated  tool, and a an essential plan of any business venture or financial entanglement, especially now in the golden age of fraud. One of my top resources for clients is Greg George of GTI Advisors, he shares some exeprt insight on the false comfort of commercially available background […]

Protecting the innocent – Due Dilligence & Investment Fraud

Insider threats cost business $4bn each year Hacker skims 35,000 customer credit card numbers 14 Business bank accounts wiped out by phishing scheme Investors scammed out of $14mm in ponzi scheme Man with history of fraud hired as CFO ‘disappears’ Taking $2mm From Company Vendor employees steal client’s proprietary data; sells to foreign government All […]