So You Finally Won the Powerball Lottery: How to Keep Sudden Wealth

windfalls

A financial windfall can be a blessing, a curse or more likely a combination of the two. Knowing what to do if you win the Powerball lottery or have any other event of sudden wealth is key. As asset protection and wealth preservation attorneys my colleagues and I deal not only with those who have […]

Employment Review Tips for Your Medical Practice or Busienss

EMPLOYEE LAWSUIT LIABILITY

A new year is a logical time to a handle a variety of employment related issues. Employee reviews are a key part of the process that will help you manage liabilities and encourage continued success and performance. We’ve covered a variety of employment related issues ranging from the basic steps all business and medical practice owners and […]

Personal Liability Insurance Umbrella Policies Remain Vital Asset Protection for Doctors, Business Owners

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The law, like medicine, offers few absolutes: Personal liability umbrella policies are not a “magic bullet” that either always or never works. Despite their limits, they remain a key tool in your personal asset-protection plan and your most essential (and affordable) first line of defense. We’ve discussed the fact that many doctors and business owners […]

Asset Protection Lawyer Ike Devji: Real Estate Liability Issues for Investors: AUDIO INTERVIEW

IKE RADIO

Asset Protection Attorney Ike Devji was recently interviewed for the second time by Joe Scarp and Korene L. Clopine-Seaman, the hosts of Your Source For Real Estate Radio in Scottsdale, Arizona. Ike discussed a variety of liability and asset protection issues for real estate, owners, investors and developers including the most common mistakes in real estate […]

Asset Protection Trusts For Doctors – An Introduction

PHYSICIAN AND HEALTHCARE EXECUTIVE LIABILITY

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 […]

Bad Advice Doctors, Business Owners Get from Financial Advisors

ASSET PROTECTION

As we have discussed here multiple times in the past, the most effective wealth preservation planning has four key components: tax planning, legal planning, investment planning, and insurance planning. Fortunately, more advisors from different disciplines are adopting a more holistic view of their clients and educating themselves in a variety of areas outside their own […]

AAA: Fatal motor vehicle crash costs $6 million

This Person Hit Me - Her Car was Totaled - They claimed I couldnt have been hurt.

The emotional toll for Americans who lose a friend or loved one in a motor vehicle crash has a steep financial counterpart — an average $6 million per fatal accident, according to auto club AAA. See The Article Here: http://www.usatoday.com/news/nation/story/2011-11-02/fatal-vehicle-crashes-cost-millions/51051030/1  Then Check Your Coverage Limits, and Get an Umbrella Policy from Your Insurance Company. Don’t think you […]

Business Structure Provides Protection From Investor Lawsuits – Asset Protection

Asset Protection

A brownie supplier to Ben & Jerry’s ice cream, a skateboard maker and a payday lender are among the hundreds of existing businesses that plan to incorporate as “benefit corporations” in coming months. They will be taking advantage of a new and untested corporate charter, available in only a half dozen states, allowing a company’s […]

Why Failing to Plan for Extended Family’s Finances Creates Liability for YOU

WEALTH IN AMERICA

As an asset protection attorney I’m concerned with everything that threatens my client’s wealth, not just lawsuits. One of the issues we are seeing more often is the exposure that is generated by parents, siblings, and even children that fail to plan for their own financial future adequately.  Some elderly people assumed they would never […]