By Steven B. Ramsdell, Esq. Executive Summary The bankruptcy process consists of intertwined procedural and substantive rules that must be carefully observed if one is to maximize the probability of achieving his or her objectives, whether as debtor or as creditor. Although physicians, thanks to their potential for achieving [...]
By Philip A. Goldblum, Esq. Executive Summary The goal of asset protection planning is to protect and preserve assets from being adversely affected by events such as a lawsuit, divorce, illness, death, business failure, or even a change in taxation or other government action. Physicians, who rely heavily on [...]
By James J. Everett, Esq. Executive Summary Every practicing physician faces the risk of a lawsuit. Although many physicians mistakenly believe that they will never be sued, thousands of physicians are served with medical malpractice claims each year. To minimize the risk of personal and business assets being seized [...]
by James J. Everett, Esq. Executive Summary It is a common misconception that it is illegal for a U.S. citizen to hold assets offshore. Although moving assets offshore to hide income from the Internal Revenue Service in order to evade taxes is prohibited, the use of an offshore account [...]
By Patricia Donlevy-Rosen, Esq. Executive Summary Many physicians, due to lack of information or misinformation, do not take advantage of the full spectrum of asset protection legally available to them. As a result, rather than effectively protecting their assets from creditors, they leave their assets exposed and incur unnecessary expenses, [...]
By Patricia Donlevy-Rosen, Esq. Executive Summary All states provide some degree of asset protection through their state exemption laws. Many physicians attempt to implement asset protection on their own by using state exemption laws that shield certain types of assets, such as a homestead, wages, annuities, life insurance, and [...]
By Patricia Donlevy-Rosen, Esq. Executive Summary Many physicians attempt to implement asset protection on their own by titling assets among their spouse, children, and other family members. Often in doing so, rather than protect the assets from the physician’s creditor, the assets are exposed to additional creditors, which causes family [...]
The 10 Biggest Legal Mistakes Physicians Make Involving Asset Protection By Daniel S. Rubin, Esq. Executive Summary All signs indicate that the prevalence of litigation against physicians is in a continuing upward spiral across the United States. Although some claims are meritorious, far too many are not. In such [...]
The 10 Biggest Legal Mistakes Physicians Make with Antitrust Laws By Neil B. Caesar, Esq., and Kelly R. Pickens, Esq. Executive Summary Physicians generally dislike thinking about antitrust laws: They’re rife with areas of gray, rarely a doctor’s favorite color. But for the physician thinking about joining or forming [...]
The 10 Biggest Legal Mistakes Physicians Make by Failing to View Legal Issues Properly By Steven I. Kern, Esq. Executive Summary The U.S. legal system is perhaps the most complex in the world. Over the past 20 years, health care has evolved into one of the most regulated and complicated [...]