Asset Protection for doctors includes financial due diligence and risk management in many forms that go far beyond just medical malpractice. Be aware of these risks as tax season starts in your role as both a physician and a business owner. Tax Related Liability The I.R.S. issues annual guidance on the 12 most prevalent tax […]
Are 529 plans creditor protected? Maybe.
Asset Protection attorney Ike Devji was recently quoted in financial author Geri Detweiler’s article on creditor protection of 529 college savings plans that appeared at Yahoo Finance and Credit.com among several other sites. SEE THE ARTICLE HERE: http://blog.credit.com/2015/10/can-a-debt-collector-take-my-kids-college-fund-126590/ The article explores the often complex and confusing laws surrounding the creditor protection of 529 […]
Arizona Asset Protection Lawyer Ike Devji in Financial Consultant Magazine
Attorney Ike Devji was recently featured as an author in the premier issue of Financial Consultant Magazine. Ike’s article, “The Growing Role Of Financial Advisors – Asset Protection” takes a look at the financial devastation that many successful professionals experienced over the last few years and the role that top advisors must play in helping their […]
Is my DEFINED BENEFIT PLAN safe if my employer goes out of business? – Asset Protection
If your employer goes out of business, any retirement plan your employer sponsored will be terminated. If the plan is a 401(k) or other defined contribution plan, your benefits are held in trust, apart from your employer’s assets, and you’ll generally be entitled to receive your full account balance in a lump sum. (You can […]
Warren Sapp files for bankruptcy – $100K a month income won’t float his bills
Wealth is finite and fragile – we try to teach those we work with some simple basics, like the “habits of wealth”, the value of liquidity and being able to pay your bills for an extended period of time if your cash flow stops, as his might in August when his contract expires. It’s not just […]
Real Estate Liabilities and Physicians’ Financial Solvency
As an asset protection attorney, my primary responsibility has always been helping clients identify and proactively plan against as many litigation-related exposures as possible. That planning now includes a more complete evaluation of financial and economic risks than ever before. Below is one common example that illustrates the challenges many are facing and the importance […]
Why The Sky is NOT Falling on Offshore Asset Protection Trusts
There’s always a new “landmark” case that’s blown out of proportion, the Alaska case Battley v. Mortensen merely supports existing U.S. law on the 10 year look-back in bankruptcy, if it surprised your Asset Protection planner you need better help, it’s been on the books for years. As for Banruptcy protection in general I tell my […]
Understanding the Arizona Anti-Deficiency Statutes and What they Mean to YOU
Understanding the Arizona Anti-Deficiency Statutes and What they Mean to YOU We have many questions and conflicting interpretations of the Arizona Anti-Deficiency statutes and what they really mean and do. For clarification I turned to Attorney Neal Bookspan who is a partner at Phoenix law firm Jaburg & Wilk and who handles a variety of […]
