Malpractice lawsuits are a reality – What are you doing to protect your assets?

Description

Abstract: Some physicians may think that they’re well covered because they have malpractice insurance. But in some cases such insurance won’t completely protect them. Although giving away assets is one tool to shield them from creditors, this article shows that there are ways to protect assets instead. Such tools include family limited partnerships, homestead exemptions, and trusts such as personal residence trusts or offshore or domestic trusts.