Top 16 Asset Protection Strategies for Doctors
Every doctor needs an asset protection plan. The best are simple, inexpensive, and highly effective at protecting you from financial loss.
Every doctor needs an asset protection plan. The best are simple, inexpensive, and highly effective at protecting you from financial loss.
The White Coat Investor has released a new book. And it's all about asset protection and safeguarding your wealth from potential lawsuits.
Let's look at a few of the best and most common ways to protect and safeguard your properties and other assets.
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.
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.
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.
Asset protection is the process by which you protect the financial assets you have worked so hard for from being taken away from you by creditors of various types. This may be someone suing you, someo...