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.
For those dissolving their marriage, if you follow these 4 to-dos, you will likely avoid the most common (and costly) mistakes people make with their use-property and retirement accounts during the separation of assets.
By Dr. James M. Dahle, WCI Founder The vast majority of good information out there about FLPs is written by those who are paid to create them (asset protection and estate planning attorneys) so as you...
Sometimes, smart people simply aren't aware of the financial issues they need to take care of. New physicians either need to do their own financial planning, or pay someone else to assist them with i...
Douglas Segan, MD, JD, debunks the myths of asset protection. The best asset protection plans are simple, traditional, and understandable.
A physician asks what legal steps she should take prior to marriage.
California is a tough place to practice, but you may be able to gain some additional asset protection with a private retirement plan there.
By M. Wayne Patton, JD, Guest Writer At its core, asset protection is nothing more than risk management. Unlike liability or malpractice insurance, asset protection is active planning that covers all...
For most of us, when we buy our first house, having a mortgage or not isn't really a decision we have to make. Few Americans, even high-income professionals, can afford to pay cash for a house. In f...
Titling your house properly, in some states, CAN protect it from a malpractice lawsuit.
My last post discussed how I recently made partner and how this has given me additional income, expenses, risk, and personal financial complexity. In this post, we'll discuss the ways becoming a part...
Reducing your assets exposed to a lawsuit can minimize your losses or even stop the lawsuit. Equity-stripping is one technique to do so.
Financial conflicts of interest are omnipresent, especially when it comes to financial advice. There are a number of finance-related tasks that need to be done to manage your finances, and there are...
By Dr. James M. Dahle, WCI Founder In my last post, I talked about how excited I was about C Corporations after learning some more about them in a book. Then reality set in. The more I read, the more...
I was recently reading Incorporate and Grow Rich, a book which I'll review in a separate post. The more I read the more excited I got about C corporations and their benefits. Then I started realizin...