Asset Protection for Doctors

According to the U.S. Department of Justice, approximately one-half of all medical malpractice lawsuits are filed against surgeons,

1) Even though surgeons represent 14.5% of all practicing physicians. You may popover to rubinhay.com/newton-estate-planning-attorney_pa23282.htm for newton living trust lawyer.

2) Surgeons, particularly plastic surgeons, are perceived by plaintiffs’ attorneys as desirable litigation targets as they earn on a nationwide average double what general practitioners earn.

3) Higher earnings lead to greater wealth, and plastic surgeons find themselves facing numerous malpractice lawsuits. The vast majority of these lawsuits are frivolous,

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4) But given the sheer number of lawsuits filed surgeons are justifiably worried about lawsuits that may exceed their insurance coverage or that may not be covered by malpractice insurance.

Asset protection is a field of law that deals with structuring asset and business ownership to make it either impossible or at least very expensive for a plaintiff to reach the assets of a defendant. If a doctor’s personal assets are impossible or too difficult to collect against, a plaintiff’s attorney will either not file the lawsuit in the first place, or will be a lot more willing to settle on terms favorable to the doctor.

Asset protection does not deal with secrecy or hiding assets because an intelligent and determined creditor will always be able to unearth hidden assets. A properly structured asset protection plan would utilize commonly used structures such as trusts and limited liability companies in a manner that would legally, ethically and effectively shield a doctor’s assets from any lawsuit and any creditor. A doctor implementing an asset protection plan will be able to sleep soundly, knowing that whether he is hit with a malpractice claim or is involved in an automobile accident, his assets will be safe and unreachable.

Preference To The Real Estate Lawyers

In the typical home dealing matters, the seller enters into a brokerage contract with a real estate dealer. When the broker finds a potential buyer, conferences are conducted through the broker, who most often acts as a conciliator of the well planed association.

A real estate lawyer is trained to deal with the problems and has the most experience to deal with them.  Once an informal agreement is reached, buyer and seller enter into a formal written contract for the sale or to rent for a specific period, the purchase agreement. You may hopeover to www.rubinhay.com/natick-estate-planning-attorney_pa23282.htm for best Newton elder law attorney in your area.

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Finally, the property is transferred from the seller to the buyer, and the seller receives the purchase price, which is negotiated in the contract as well as in the written documents. This seems simple, but without a lawyer.

Real estate lawyers can help you keep being away from some common problems with a home purchase or sale or related to any crucial property matter. Even if a lawyer is not needed during the course of negotiations, the buyer and seller each may have to discuss with a lawyer related to the real estate field, to answer important questions related to the tax consequences of the transaction and other important affairs. An attorney can advise whether the seller can take advantage of tax requirements allowing for prohibiting of capital gains in certain circumstances or not