Ten Rules for Asset Protection Planning

MEDICOLEGAL ASPECTS OF DERMATOLOGY

Ten Rules for Asset Protection Planning

Dec
2013
Vol. 32. No. 4
Jay D Adkisson, JD | Lawrence B Keller, CLU, ChFC, CFP
Asset protection planning is a highly technical area of legal planning. Because of the fraudulent transfer laws, asset protection planning must be done in advance of any claim, be technically sound, not rely upon secrecy, and avoid any number of critical mistakes including keeping personal and business assets separate. Physicians who engage in asset protection planning must avoid critical mistakes, and not count on bankruptcy to provide relief from creditors. General rules and cautions for those who are considering the creation of an asset protection plan for their personal assets. Semin Cutan Med Surg 32:247-249 © 2013 Frontline Medical Communications
PURCHASE NOW