Asset Protection for Physicians & Doctors
Why are Medical Professionals a Target?
Why do physicians, dentists and chiropractors rank among the top targets of predatory attorneys in the world’s most litigious society? For one thing, medical professionals are viewed as having deep pockets. As Willy Sutton answered when he was asked why he robbed banks, that’s where the money is.
A famous lawyer once bragged that suing doctors for profit is like shooting fish in a barrel. Was he right? Ask a physician. Forty percent of them have already been sued. No one in the health care industry is safe from litigation. Asset Protection is no longer viewed as a luxury by most experienced attorneys and knowledgeable CPAs. It is now a virtual necessity.
Americans are suing Americans to the tune of nearly $300 billion a year, with only about 10% of it attributable to medical malpractice lawsuits, which have increased in cost more than twenty fold since 1975! Today, anyone can sue anyone for any reason and they don’t have to prove why. It’s an environment that is increasingly putting everyone with significant assets at risk especially Physicians who are working in the most vulnerable of professions.
Asset Protection for Malpractice
But physicians and doctors have more to worry about than malpractice complaints. Today’s health care professionals must also contend with other potentially ruinous lawsuits. These lawsuits can range anywhere from frivolous charges of negligence, Discrimination & Sexual harassment. Equally important to those health professionals targeted for potential financial ruin is the fact that unprotected wealth is perilously vulnerable to being sucked into an outrageously dysfunctional U.S. tort system.
Recognizing this disturbing trend, Lodmell & Lodmell began developing a system of hard-to-crack legal tools aimed at shielding client assets against the rampant abuse of law that has come to dominate the U.S. tort system. The necessity of asset protection planning is attracting increasing numbers of health care professionals to carefully crafted anti-litigation strategies. As a result, individuals now have a number of powerful proactive legal options available to help them, even though the odds are otherwise stacked against them in the U.S. justice system.
Prevention Against Lawsuits Starts with an Ounce…
Our #1 goal is to deter and prevent lawsuits. Our powerful system acts as a legal fortress around your vulnerable assets. This prevents predator attorney from taking cases they would had otherwise considered. With our program in place it is simply not worth the time, effort and resources for anyone to pursue a case against you. We are highly effective denying unwanted access to your valuable assets without removing beneficial ownership and distributive rights to those assets. In cases where you are already involved in a lawsuit we can offer a strategy that might help you minimize the effects of a poor outcome.
Our planning fits seamlessly with your estate planning and most all other planning that you may have previously implemented. You may have devoted time and resources implementing your estate planning, but estate planning IS NOT intended to protect your assets. Consider the validity of estate planning if there is nothing to pass down to your heirs. To be truly effective, your Estate Planning must also have some form asset preservation combined with it.
Our firm practices exclusively in the highly specialized area with more than 3500 clients in 50 states and 14 foreign countries; we are the world’s premier provider of Asset Protection.
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For Dentists, Chiropractors, Podiatrist, and medical professionals