20 Things You Need to Know About Asset Protection
Doctors worry about asset protection a lot. Get a grip on the basics before engaging in "advanced" asset protection techniques.
Doctors worry about asset protection a lot. Get a grip on the basics before engaging in "advanced" asset protection techniques.
In today's podcast, we discuss the cost and value of asset protection planning and various ways to protect your wealth -- from basic insurance to offshore trusts.
Every doctor needs an asset protection plan in place. The best plans are simple, inexpensive, and highly effective at protecting you from financial loss.
It turns out you don't have as much control over whether or not you get sued as you thought you did. So go worry about something else.
Have you considered a Family Limited Partnership (FLP) to meet your wealth preservation goals? FLP's can make sense for some docs under the right conditions. But all docs? Not even close.
Today we discuss what you can do to better protect your assets like houses, taxable accounts, real estate, etc. Plus of course answer listener questions about backdoor Roth IRAs, PSLF, marijuana, and cash flow banking.
Financially successful people need to protect their assets or risk serious loss. Steven Podnos of Wealth Care explains the most important ways to do that.
To practice is to be sued...in this guest post Dr. Curiosity describes his experience with the malpractice world.
Need more tax-protected space? Consider giving part of your business to your spouse. Be sure to select the right amount of income to minimize the Social Security tax cost while maximizing the benefits.
Doctors get sued all the time. That's no reason to go bankrupt. Take these steps to protect as much as you can.Most docs are over-worried about being sued above their limits. However, they should still be aware of the asset protection laws in their state.
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