Beware Asset Protection Myths - or Lose Everything to a Lawsuit

By David B. Mandell, JD, MBA and Stan Miller, Esq..

As attorneys to hundreds of physicians, we encounter many misconceptions about asset protection planning everyday. In this two-part article, we will address the most important of all misconceptions regarding asset protection: that this area of planning is not important, because physicians practically, don't lose assets to medical malpractice lawsuits. The thinking of many physicians around the country, and unfortunately their advisors as well, is that there is little to any risk of a physician losing their personal assets in a malpractice claim, especially if there is typical $1 million per occurrence $3 million per year malpractice insurance coverage.

How to Exit Your Medical Practice (or Any Business) with Millions of Dollars

By David B. Mandell, JD, MBA, Jason M. O'Dell, CWM, and Christopher R. Jarvis, MBA.

As an attorney and consultants to thousands of physicians across the country, we are constantly astounding by the attitudes of physicians regarding the sale of their medical practice. Most often, today, we hear the complaint that doctors do not feel their can sell their practice for any significant value. They generally do not feel the practice is "worth anything," especially if they do not have younger partners to buy them out.

Maximize the only "Asset-Protected" Investments

By David B. Mandell, JD, MBA and Jason M. O'Dell.

As the authors of the book Wealth Protection, M.D, we have been helping the medical community shield assets from potential lawsuits for years. While we often establish sophisticated trusts, limited partnerships, captive insurance companies and even offshore arrangements to protect our clients' assets and help them save taxes, often we need not be that creative.

"S" or "C" Corp? Maximize Tax Deductions by Using Both!

3 Of the Greatest Physician Estate Planning Mistakes

Are You Making the #1 Physician Financial Mistake?

Avoid Financial Gridlock in Your Practice And Enjoy Benefits Even When Partners Disagree

Avoid Financial Gridlock in Your Practice And Enjoy Benefits Even When Partners Disagree

Benefits of Captive Insurance Companies: "Why Successful Physicians Should Consider Them"

Dispelling the #1 Myth of Asset Protection: Why You Can Lose Assets in a Medical Malpractice Lawsuit

Don't Lose Family Assets To Divorce

Give the Government a Taste of Their Own Medicine

How Does Your Financial Advisor Make Money? The Answer Might Surprise You!

Investment Secrets: Higher Returns with Less Risk

Is "Offshore" Asset Protection Right for You?

Let the Government Bail YOU Out! Recover Investment Losses with Tax Benefits

Litigation Frenzied Attorneys Target U.S. Doctors

Next April 15th Will Be WORSE! Unless You Act Now

Pay Up, Self Insure, Quit Medicine or Go Bare: What Are Your Options during a Med Mal Crisis?

Physicians Aren't "Average Americans" - So Why Do You Settle for Average Legal and Financial Advice?

Protect Accounts Receivables from Partner & Employee Lawsuits

Protect Your Home - Or Lose it to a Lawsuit

Protect Your Wealth Against 2010 Tax Increases Now!

The Election's Financial Impact on YOU!

The Family Limited Liability Company: An Asset Protection Building Block

The Financial Contract Every Practice Must Have - And Very Few Do!

Why a Medical Practice's Most Valuable Asset Should Not Be Owned By the Practice

You Can Sell Your Stocks and Let the IRS Help You Recoup Your Losses

Your Biggest Challenge Since Residency: Avoiding 3 New Financial Threats in Group Practice

Your Investment Strategy May Need an Overhaul

Your Pension is a 75% Tax Trap