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Asset Protection
We view asset protection as a three-part process:
- Establishing the legal structure to protect personal and professional assets
- Creating and investing in various financial vehicles to support personal and professional wealth that also fit into the overall legal structure
- Obtaining legal expense insurance to cover the fees and expenses associated with defending any medical malpractice claims or licensure investigations that could impact your livelihood.
We cannot stress enough the importance of putting a quality asset protection plan in place, regardless if you carry professional liability insurance or not.
If you choose to go bare, then it is imperative that you receive accurate legal and financial advice.
Developing and implementing an asset protection program cannot be done by reading an article in a trade magazine or attending a seminar. It takes a knowledgeable attorney and financial planner to develop a sound and tested plan.
FHPLEI has aligned itself with experts in the legal and financial fields to assist its policyholders with asset protection. Call our office today if we can be of assistance.