Steps ED physicians can take without a lawyer to protect their personal savings from an excess-limits verdict
Asset-protection planning can be the determinative factor in whether you and your family will live in the best or worst of times financially. If you doubt the importance of navigating this area where law, insurance, investing, and medicine intersect, please consider the following tale.
New Year’s Eve, Dec. 31, 2013
Two emergency physicians walk into a bar to attend their department’s New Year’s Eve party. Dr. Birkenstock (Dr. B) and Dr. Stiletto (Dr. S.) are both nearing retirement after working together “in the pit” for 35 years. They have both lived frugally and invested wisely. They have each built up a very nice retirement nest egg of $2 million. They both feel financially set for life.