Fatal Flaws of Asset Protection Part 4

FATAL FLAWS

Asset Protection attorney Ike Devji interviewed by Financial expert Steve Savant. In part four of this five part consumer legal education video series, Ike discusses using LLCs and common scams and defective strategies like gifting that business owners and entrepreneurs should avoid.

Employment Manuals Commonly Overlooked in Asset Protection Plans

EMPLOYEE HANDBOOKS

Medical practices and other businesses of all types face many types of risk outside the strict scope of their professional liability. One major lawsuit risk to business owners and doctors is employment-related lawsuits that must be mitigated with a professionally drafted employment manual. I continually stress that a good asset protection plan has many layers, including management of all reasonably anticipatable risks. […]

What’s the Difference Between a Will and a Trust and Which one Do I Need?

FAMILY

An estate plan is always necessary unless you want your estate to pass through “operation of law” which involves the long, uncertain, public and expensive process at your death with a stranger (the courts) deciding who gets everything you leave behind. This process often leads to heartache, delay and additional stress for those you leave […]

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 […]

Private Offerings, Crowdfunding and Raising Capital – Asset Protection and Liability Issues to Avoid

 A big part of asset protection is risk management, or doing things the right way the first time to avoid future expenses and legal exposure. Many of the HNW private business owners and entrepreneurs I deal with have shared their success with others by raising capital for various projects and allowing others to invest in […]

Personal Guarantee Insurance for Doctors, Investors, Business Owners

REAL ESTATE #2

Personal Guarantee Insurance for Doctors (and everyone else) Source: Physicians Practice Non-medical business exposures that threaten doctors’ financial solvency continue to grow in scope and number. This week we take a look a relatively new type of risk-management product: Personal Guarantee (PG) Insurance. We’ve covered both exposure related to residential and commercial real estate debt […]

HOW TO MINIMIZE OR ELIMINATE TAX LIABILITY REGARDING MORTGAGE DEBT FORGIVENESS

This week we take a look at the tax liability associated with mortgage debt forgiveness and how it can be reduced or eliminated. Given what’s happened in the real estate market over the last six years of the recession this is a vital issue for both casual investors and real estate professionals like developers and […]

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 […]

Common Fatal Flaws of Asset Protection Planning

ASSET PROTECTION

© 2003-2013  Ike Devji, J.D. For the last ten years the sole focus of my legal practice has been Asset Protection and Estate Preservation planning that has touched literally thousands of clients representing billions of dollars in personal assets. During that time I have seen the best and the worst of the planning available to the […]

ASSET PROTECTION – APROPRIATE LEVELS OF LIABILITY COVERAGE FOR AUTO POLICY

ISSUE: APROPRIATE LEVELS OF LIABILITY COVERAGE FOR AUTO POLICY This actually comes to me through a relative, who is now in an unfortunate position: While driving in the middle of the day our friend, “Mr. Good” was struck broadside while crossing an intersection with a green light. The driver of the other car was turning […]