Guns, Liability and Medical Practice Security

What every medical practice and small business owner must consider about gun violence, personal security, and their own legal liabilities. In the continuing wake of the tragic Parkland and Santa Fe school shootings as well as the most recent nationally reported act of violence against a Scottsdale Arizona Physician*, America is once again examining its relationship […]

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

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 […]

Asset-Protection Basics You Must Understand in 2015

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 […]

What Baby Boomers Must Know About Selling Their Business

We provide asset protection planning for many types of people. One of my favorite types of client is the successful business owner who is ready to sell and enjoy the fruits of their hard earned labor. Contrary to popular advice, your liability does not end at the sale and one of the things I’m always […]

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

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 […]

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

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 […]

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 […]

DEBT RESTRUCTURING WITH NEW COLLATERAL FRAUDULENT TRANSFER?

HOW CAN A DEBT RESTRUCTURING WITH NEW COLLATERAL POSSIBLY BE A FRAUDULENT TRANSFER?  ANSWER:            LIENS MAY BE SET ASIDE AND DEBT PAYMENTS DISGORGED IF THE PARTIES PLEDGING THE ADDITIONAL COLLATERAL DID NOT RECEIVE VALUE REASONABLY EQUIVALENT TO THE OBLIGATIONS INCURRED. You would think that curing a $2 billion loan default, restructuring loans and preventing further […]

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 […]