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 […]
What Could Bravo’s ‘The Queen of Versailles’ have to do with Asset Protection?
Quite a bit actually as it shows the stupidity of reckless excess spending, the importance of having cash (even for the rich) and the failure of most contemporary estate planners and business lawyers to plan ahead and think defensively, yes even the super smart ones who work only with rich people. – Ike Devji […]
Advisor Banned By FINRA for bad OBA and R.E. deals with NFL Players
A former financial advisor who cost a group of NFL players $43 million by steering them into a bum casino investment and other bad deals including real estate deals he took a peice of has been banned from the securities industry. See the story: http://www.fa-mag.com/news/advisor-barred-from-industry-for-bilking-nfl-players-13600.html?section=43 I wish I could say this was unusual, it’s not. […]
10 Survival Tips on Asset Protection for Real Estate Investors & Owners
Real estate management issues fall into several basic categories: debt, liability, and loss. We provide an introduction to these issues to help you get your house in order below. As many business owners and physicians also have investment in real estate outside their business itself, I’ve included issues of wide applicably. Debt The nature of […]
Start-Ups: When Does Liability for Your Business or Medical Practice Begin? – Asset Protection
The many discussions we have shared here have largely centered on asset protection and other legal and financial issues faced by physicians and business owners. The bulk of those discussions assumed that you own or run a business or medical practice. Due to the growing availability of financial and legal education resources available to business owners, […]
Is Your Physical Office an Obstacle Course of Liability? PREMESIS LIABILITY
By Ike Devji, J.D. You spend time worrying about “technical” issues that create liability like practice procedures, HIPPA and billing compliance and other patient related procedures, all with good reason. Sometimes however, other more basic liabilities are innocently created or overlooked by even the most informed practice managers and doctors. Here are two simple issues […]
9 Tips for Negotiating with Corporate Creditors
This is a great simple outline by my friend Sean Shepherd about negotiating with corporate creditors. As always, get good legal counsel and implement a professional asset protection plan NOW to help protect your family’s assets from an infinite universe of personal and professional exposure. – Ike Guest Column By Sean Shepherd Negotiating with creditors […]
Issuing a form 1099-C May Bar a Lender From Pursuing a Deficiency
This article came to me from my friend Attorney Phil Guttilla, a tax and estate attorney that is one of my go-to guys and who is helping people with the tax consequences of being part of entities that are in crisis due to the current market. Yours, Ike A recent Arizona Court of Appeals decision […]
