Los Angeles Physician Asset Protection

Written by Johnny Kitchens
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Los Angeles physician asset protection is an issue that has moved to the forefront of concern for many medical practitioners. In recent years, the costs of medical malpractice insurance and the meteoric rise in punitive damage awards have sent shockwaves through the community. Los Angeles asset protection has become almost a necessity for practicing physicians.

Los Angeles trust services and other estate planning services can be used to help insulate your family from devastating losses. This is not a new idea, nor is it particularly groundbreaking. It is simply an avenue that more and more people are using to protect their families' current situations as well as protecting their futures.

Los Angeles physician asset protection through trusts and other financial planning devices shifts the ownership of your assets to the trusts themselves. Technically, the assets no longer belong to you. They are under the control of the trustee, which can also be you--the grantor. For the specifics, you really need to consult an attorney experienced in asset protection.

The Legality of Los Angeles Physician Asset Protection

Los Angeles physician asset protection is legal. When done properly, you will not be in violation of any laws, including tax laws. You simply need to find an experienced attorney with a good reputation. Attorneys guard their good reputations jealously and are unlikely to waste them trying to bilk either you or the government.

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