Many physicians find that, as they continue to grow in their careers, they run into situations where their wealth is compromised. Divorce, lawsuits, and more impact their ability to protect the assets they’ve worked hard for.

Putting different protective measures in place now can save you both money and headaches in the future. The best part is that protecting your assets doesn’t have to be complicated. Too often, physicians spend a lot of money and energy purchasing asset-protection solutions that may not be an actual best-fit.

Instead, focusing on the basics can help you create a strong foundation for protecting your assets without overspending or overthinking. By following these eight easy steps, you’re creating an asset protection plan from the ground up.

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Table of Contents
0:00 Introduction
0:44 Protect Your Marriage First
1:47 Invest In Malpractice Insurance
3:16 Find an Umbrella Policy
4:36 Prenuptial Agreements
5:33 Tenants by the Entirety
6:30 Focus on Retirement Accounts
7:27. Leverage Trust
8:47 LLCs and Corporations

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Music from Intro Video: Sunburst by Tobu & Itro - [ Ссылка ]

Disclosures: This information is for general purposes only. This information is not intended to be a substitute for specific professional financial or tax advice, as individual circumstances vary. Please see a financial professional, CPA, and/or an attorney in regards to your own individual situation.

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