The Asset Protection Guide for Florida Physicians
- Authors
- Kirwan, Adam O.
- Publisher
- Well Being, LLC
- Tags
- asset protection , law suits , creditor , malpractice , florida , physicians
- ISBN
- 9780974545943
- Date
- 2013-06-24T00:00:00+00:00
- Size
- 0.40 MB
- Lang
- en
The Asset Protection Guide For Florida Physicians was written by an asset protection attorney with the goal of keeping it interesting, easy to read, and as academic as possible without turning it into a legal textbook. This book is also Florida law specific. The problem with most asset protection books is that they are written for a national audience. A generic discussion of jointly owned property, Family Limited Partnerships, LLCs, or domestic Asset Protection Trusts may sound good at first glance, but unless you know which state's laws govern (i) the person doing the planning and (ii) that person's assets, you have no real way of telling whether a given asset protection strategy will actually work for you. Believe it or not, whether a Delaware Asset Protection Trust will protect assets depends as much on your state law as it does on the laws of Delaware. If state laws did not play such a large role, why would O.J. Simpson move from California to Florida? Believe me, it was not for the golf. The Asset Protection Guide For Florida Physicians provides solid, unbiased explanations that will give you the understanding you need to make intelligent decisions in this important part of your personal wealth planning.
A trend that has arisen since the medical malpractice insurance crisis started making the news is a proliferation of attorneys, financial advisors, and other professionals getting into the asset protection business after seeing a profit to be made. Unfortunately, many of these professionals lack the requisite skill in this area, or worse, have come up with a one size fits all solution which they are heavily marketing, and which provide the greatest benefit to the marketer rather than the physician engaging in the planning. Given the complexity of this area of the law, it is oftentimes difficult, however, to tell whether or not you are dealing with an honest and competent professional or someone armed with enough buzz words to make a sale. A given technique may work wonderfully in certain circumstances and less than so in others. Rather than having to trust the honesty and competence of an asset protection planner based on their conclusions, it is much more important to have them explain how they reached these conclusions. Armed with the knowledge found in this book, you will be able to tell if their explanations ring true or if they are selling you something you do not need and they do not fully understand. The old adage if it seems too good to be true, it probably is, is one you should take to heart before spending your valuable time and money on an asset protection plan.