ubmslate-logo-ubm

P2 Mobile Logo

Topics:

Ike Devji, JD

Ike Devji, JD

Ike Devji, JD helps protect a national client base of over 4,500 clients with nearly $6 billion in personal assets, including thousands of physicians of all types. The attorney speaks and writes on wealth preservation and asset protection nationally. E-mail him here.

Google+

 

Posts by Author

LLCs can be great tools if used the right way, unfortunately many of them are being actively marketed to doctors for the wrong reasons.

One common tool that attorneys and non-attorney promoters alike often use to protect physician assets is the limited liability company or LLC.

Summer is officially upon us and with it comes increased personal liability and safety issues doctors and their families need to consider carefully.

Many doctors transfer assets to a spouse as part of an asset-protection plan. But, this strategy does not consider what might happen in a divorce.

While creditor protection for IRAs is provided by law, there are several other important asset-protection issues doctors need to consider.

Done incorrectly, big year-end bonuses can result in big trouble, as seen in the case of one Illinois physician.

©Yohei/Shutterstock.com

Few domestic employers realize they are responsible for the same wide range of legal and tax issues at home that they are in their medical practices.

Harrison Ford's airplane crash is another unfortunate event that can be used as a teachable moment for physicians and their financial future.

A real-life example shows us that personal liability insurance and large umbrella policy are vital parts of a strong asset protection plan for physicians.

When it comes to asset protection many physicians mistakenly focus only on medical malpractice risk. Recent news reports illustrate other serious risks.

Pages

By clicking Accept, you agree to become a member of the UBM Medica Community.