In spite of their high level of medical education, physicians are relatively unschooled in administering their financial affairs. They most frequently make uninformed choices in their selection of professional advisors. In this article, the authors discuss what constitute the most grievous errors in this selection process.

Career Mobility↗

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Don't lose your home in a lawsuit...or waste the equity.

Like most of us, a physician's home constitutes a major asset. Under normal circumstances, it is subject to attachment by creditors in a malpractice judgment or in any other litigation settlement that may exceed the limits of insurance coverage. This article describes the author's view of substandard options to shield a home from creditors. While some of these techniques have validity for certain planning purposes, they do not provide the optimal protection that physicians may desire. The author then proposes strategies that may be suitable for many individuals.

Financial Management↗

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The number one myth of asset protection: why you can lose assets in a medical malpractice lawsuit.

The thinking of many physicians around the country, and unfortunately their advisers as well, is that there is little risk of a physician losing personal assets in a malpractice claim, especially with typical dollars 1-3 million malpractice insurance coverage. This article dispels that myth and shows that the benefit in engaging in asset protection planning far outweighs the cost.

Compensation and Redress↗