Asset protection attorney Ike Devji shared tips from nearly two decades of experience providing asset protection planing for physicians on his recent guest appearance on the “Anesthesia Success” video podcast. Hosted by physician financial expert Justin Harvey, who is married to a physician, the podcast covers a variety of financial issues for pain management physicians […]
Medical Justice Podcast: Asset Protection Discussion With Dr. Jeff Segal
Asset Protection attorney Ike Devji was recently featured on the Medical Justice Podcast, hosted by Dr. Jeff Segal. Medical Justice has years of experience helping protect physicians from frivolous malpractice claims and associated reputational damage. Ike Devji helps protect thousands of doctors across the United States and is a noted national CME (continuing medical education provider) who has authored several hundred articles […]
Seasonal Tax Scams Target Doctors
By Ike Devji, J.D. September starts the annual income tax fraud sales season. As doctors are aggressively pursued with a variety of tax savings plans that make big promises, knowing what you are buying and who you are dealing with is vital. Many physicians and business owners will be solicited to engage in some kind […]
Why ALL Business Partnerships Must Have a “Buy-Sell” Agreement
Any business or medical practice with multiple owners must have a funded buy-sell agreement in place to protect the partners and their families from the death or exit of a partner. We look at what should be covered in this essential legal document and what happens when it isn’t complete. What is a “buy-sell” agreement? […]
Asset Protection Basics for Doctors: Interview
Asset Protection attorney Ike Devji helps protect thousands of doctors nationally and is a frequent CME presenter and author on this area of the law. Here is his first interview with “Doctor Money Matters” a national podcast dealing with personal finance issues for physicians, hosted by Dr. Tarang Patel.
More Self Defense for Captive Insurance Company Owners
Captive insurance companies may be ticking times bombs of legal and financial liability for their owners. Captive owners must act quickly, be educated about specific risks and be well represented by counsel. I previously provided specific examples of the abusive fact patterns that have drawn the ire of the I.R.S. and a list of red flags […]
Captive Insurance Companies In Harm’s Way
Captive insurance companies owned by small businesses and doctors are often thinly disguised abusive tax shelters. Their owners and their promoters are currently being harshly examined by the I.R.S. and knowing what to ask, what do and what not to sign will be vital to the financial futures of all involved and can put you […]
Why Giving Assets To Spouse, Relatives Isn’t Asset Protection
The thing about bad planing is that it tends to stack up, getting bigger and badder with each step. Like waiting too late to act, then doing what you’re not allowed to when you’re not allowed to do it. The Old, “I Don’t Own Anything, My Wife (Kid, Brother, etc.) Owns It All” We have previously […]
Current Threats To Wealth – FEB 2018
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 […]
The Weinstein Effect: Protecting Your Business, Employees From Sexual Harassment
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 […]
