One very common concern and question during times of economic hardship, like the recession many believe we are now entering due to the Coronavirus, is “Is my money safe in the bank?”. Asset protection attorney Ike Devji provides the basics in a recent article for Physicians Practice. Among the basics covered: What is FDIC Insurance? […]
My regular readers know that while I cover many different specifics of asset protection for physicians and business owners, I have several consistent core themes. One theme is that asset protection takes many forms, including using legal tax avoidance strategies to maximize what you can keep. A second recurring theme is avoiding activities that generate risk and […]
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? […]
Will your legal and financial planning really protect your family and your business? Asset Protection attorney Ike Devji on the tough questions you must ask about your own plans TODAY, while you still can. Many of those I counsel are in high-income, high-stress, and high-liability professions. Whether you are a business owner, entrepreneur, physician, your planning […]
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.
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 […]
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 […]
Understanding the Vital Role of Your Umbrella Policy (And Why It is Not Enough On It’s Own) Financial columnist Steve Savant interviews asset protection attorney Ike Devji on Asset Protection Strategies for Business owners and entrepreneurs.
Basic rules of self defense apply almost perfectly to good legal and financial planning. The best way to avoid losing a lawsuit, for instance, is to never be in one in the first place. The simple article below addresses conflicts between partners and ways to avoid or handle them. We have seen this issue create […]