Crisis Management: Dealing with Bad Press at Your Business

CRISIS

 Events beyond your control and outside the scope of your business can cause reputational damage and receive media and public attention that can literally shut your business down. Knowing how to handle such an event should be part of your asset protection plan. A previous article examined the different types of crisis plans required to operate any business, especially one that […]

LLC Sales Myths Harm Doctors, Business Owners: Asset Protection

LLC USAGE - PHYSICIANS PRACTICE

It is important for every doctor and business owner to understand some basics about the Limited Liability Company, commonly known as an LLC; what it is, how it is created, and some of the benefits a well-drafted and maintained LLC can provide. Unfortunately I regularly get reports from my own clients that have been at medical […]

IRA Creditor Protection Issues – Asset Protection

IRA TRUSTS

Although IRA asset protection is provided by law to most personally owned and funded IRA accounts there are several other important asset-protection issues doctors, business owners, and other successful individuals need to consider. The (very) general rules of thumb about IRAs: For the purposes of brevity in the context of this column, in most cases, your […]

Urgent Care Centers: Asset Protection for Doctors, Owners

URGENT CARE CENTER

Asset Protection attorney Ike Devji was heavily featured in a recent article in The Ambulatory M&A Advisor titled “Asset Protection for Your Urgent Care Business” by Brittany Belli. Devji works with physicians nationwide and is a frequent CME presenter for medical groups on issues including asset protection, wealth preservation and the specific risk management techniques, that […]

New Asset Protection Book Features Attorney Ike Devji

Asset Protection For the Rest of Us, by Michele Williams.

Phoenix, AZ May 19, 2015 Author Michele Williams’ new book , “Asset Protection For The Rest Of Us” seeks to share the information that high net worth individuals and their advisors have and most of middle class America does not. Williams examines some key basic concepts and aims to help her readers keep what they […]

Prenuptial Agreements Key Issue in Asset Protection

Asset Protection and Prenuptial Agreements

One of the issues most likely to adversely affect your wealth is a simple statistic: nearly 50 percent of marriages end in divorce. With the summer wedding season upon us it’s time for a simple discussion of prenuptial agreements and why they must be part of every business owner, executive and physician’s risk-management plan. I […]

Asset Protection: The Bruce Jenner Auto Accident

AUTO ACCIDENT LIABILITY

Bruce Jenner was recently in the headlines after being involved a car accident that included a fatality. Based on the latest news reports, it is now suspected that Jenner hit at least two vehicles while driving, and one of the vehicles he hit was pushed into oncoming traffic where the elderly driver was killed, after being […]

Tax Scam Warning – Fraud and ID Theft in 2015

ID THEFT AND INFORMATION SECURITY

Tax filing related scams are at all-time high and we are warning our clients about some specific fact patterns and known risks.  These criminal scams take many forms including mail, phone, email and now even social media and texts. Phone calls and email still seem to make up the bulk of the attempts, make sure […]

Estate Planning FAIL: Trusts Without Pour-Over Wills

Robert Sewell
Partner at Davis Miles McGuire Gardner, PLLC

  This is the first article in a new series by Probate Litigation  attorney Robert Sewell which will focus on “war stories” regarding common estate planning mistakes, as seen by a probate and trust litigator.  These stories are meant to serve as lessons for the average reader.  If you see the fact pattern below in your estate plan, […]

Legal Mistakes to Avoid When Selling Medical Practices, Businesses

SELLING PRACTICE

Many doctors and business owners across the U.S. are in the process of working on selling their practices and/or on a succession plan. Here are four common legal issues to watch out for when selling your medical practice, or any other business: 1. Failing to be independently represented Whether buying or selling a practice, it’s […]

Asset-Protection Basics You Must Understand in 2015

BUSINESS AND MEDICAL PRACTICE OWNER LAIBILITY

Here are some key conceptual issues about Asset Protection doctors and business owners should understand as we go into a new year: 1. The best medicine, just as in your profession, is prevention, not treatment. Timing is always a key concept from a legal perspective; you may be legally unable to act (fraudulent conveyance, voidable […]

D.E.A. Raid on NFL and Doctors: Opiod Prescription Risks

Dr. Zaheer Shah, MD, JD

A recent DEA operation included the surprise search and interview of players and staff including medical staff of several NFL football teams including the Washington Redskins and the Tampa Bay Buccaneers, according to news reports. This investigative action comes on the heels of a lawsuit filed on behalf of former players alleging that NFL doctors […]

Joan Rivers’ Death Puts Liability Spotlight on Outpatient Surgery Centers

ASC LIABILITY ISSUES

Comedienne Joan Rivers went into cardiac arrest while being treated at an ASC, or outpatient surgery center and died a week later after lapsing into a coma. As a result, ASCs are in the media and regulatory spotlight for a variety of legal issues, including doctor referrals, standards of care and how they are run, often not […]

Asset Protection Attorney Ike Devji Featured In Wall St. Journal

Asset Protection Attorney Ike Devji

Phoenix, Arizona. Asset Protection attorney Ike Devji was recently featured in a Wall Street Journal story about Offshore Asset Protection Trusts by Norb Vonnegut. “It was pleasure to be part of Norb’s story, especially since he took the time to ask the right questions and do his homework, most reporters focus only on the sensational […]

Is Using Offshore Trusts for Asset Protection Still a Good Idea?

OFFSHORE ASSET PROTECTION TRUSTS

There are many specific methods for implementing Asset Protection planning, some work some don’t. We’ve always had a bias towards the use of offshore trust structures set up at the right time, in the right place with the right language. Why? Because they take the discretion away from plaintiffs and their attorneys and create a […]

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

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 […]

What is an ILIT or Irrevocable Life Insurance Trust ? (and why should doctors and business owners use it)

ILIT

We’ve previously devoted a number of discussions to the use of life insurance by physicians and business owners including a look at how to buy insurance and discussions of its specific uses and how much life insurance a doctor and his or her spouse should have. This week we take an introductory look at a […]

How To Document Property Damage Claims at Your Business or Medical Practice: Asset Protection

Slide1

As we’ve seen across the United States over the last year, severe weather, disasters and even intentional acts of vandalism can cause financially devastsing  property damage. Below are tips on how to document and pursue claims with your insurance company to enforce your rights under your  property and casualty policy. • Step One: Actually having […]

Arizona Asset Protection Attorneys Featured at 17th Annual Wealth Protection Conference, May 2014

From Left, Attorneys Charlie Davis and Ike Devji

Attorneys Charlie Davis and Ike Devji will be speaking at the 17th Annual Wealth Protection Conference on May 9 and 10 in Mesa Arizona. Topics covered at the conference will include: How To Protect Your Assets For Generations,   How to Safely and Legally Use Offshore Trusts and Banks,  Common Fatal Flaws and Misconceptions That Cost […]

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 […]