Workplace sexual harassment is a risk every entrepreneur must be informed of and manage. The Harvey Weinstein Effect Starting with the floodgates that opened with the alleged egregious actions of Harvey Weinstein, headlines across the U.S. feature claims of sexual harassment, assault and misconduct with news stories literally breaking by the hour on some days. Last week […]
A $500K Asset Protection FAILURE
Successful business owners and doctors face many different kinds of risks. The following real story* illustrates significant exposures in one physician’s planning. Failure to Adequately Insure and Implement Legal Planning I was personally involved in this case earlier this year as an anti-fraud consultant. A doctor’s husband was at fault in a car-pedestrian accident and struck and seriously injured […]
Lawsuits Against Doctors Are For More Than Just Medical Care Delivered
Getting back to the asset protection roots of our discussions, today we examine a variety of liabilities for doctors that are not strictly related to the “standard of care” at the center of most malpractice claims. If you joined us last week, we discussed so-called “defensive medicine” and the idea that limiting diagnostics based on […]
Dating Website Faces $20 Million Lawsuit Over Employee Injury for Typing
A key area of asset protection planning for our 1000’s of business owner clients is the danger of employee lawsuits. Ashley Madison dot com was recently sued over a repetitive motion injury allegedly incurred by an employee that makes up the fake profiles on the site. She was then photographed rising jet-skis and engaging in […]
Is your housekeeper, chef or nanny a lawsuit liability? Probably.
The frequency and exposure of lawsuits by various domestic help is a serious and growing threat. In the last few years I have seen more claims by domestic staff including maids, nannies, housekeepers, cooks, gardeners, personal trainers and etc. than ever before. Claims include wage and labor issues, sexual harassment, personal injury, wrongful termination, and […]
Bad Advice Doctors, Business Owners Get from Financial Advisors
As we have discussed here multiple times in the past, the most effective wealth preservation planning has four key components: tax planning, legal planning, investment planning, and insurance planning. Fortunately, more advisors from different disciplines are adopting a more holistic view of their clients and educating themselves in a variety of areas outside their own […]
Asset Protection, Gun Ownership and Parental Liability
In the tragic and horrifying wake of the recent series of public and school shootings many people are reexamining their rights and duties and parents and gun owners. The essential legal question is, “Am I liable for criminal acts committed by my children?”, in my opinion the answer is generally yes. If an an act […]
Cincinnati Reds’ Aroldis Chapman sued for $18M – Asset Protection – MLB
It never ends. The MINUTE you make it the hands come out, the “investment opportunities” come pouring in, you are smarter, more handsome and more interesting than ever… and a group of people start working on a plan to separate you from your money. We work with a variety of professional athletes and continually warn […]
D.I.Y. Asset Protection Strategies Every Physician and Business Owner Can Implement
Many of the issues and case studies we have discussed on physician asset protection planning in the age of decreased earnings and unlimited liability may seem daunting and complex. Fortunately, not all the moves you can make require a great deal of time and expertise to address. Here are some small simple issues that every […]
Teen who takes stolen drugs at party sues pharmacy, parents of party host and others, WINS $4.1MM
Teen who takes stolen drugs at party sues pharmacy, parents of party host and others, wins $4.1MM http://www.nj.com/news/index.ssf/2011/12/saddle_river_man_to_receive_41.html The article link above shows the scope and zeal of lawsuits that seek to assign blame in their quest for a deep pocket. In this case, a former employee of a pharmacy steals drugs (Xanax) and takes them […]
