Personal Guarantees & Lawsuit Protection (Asset Protection)
In these difficult times, many individuals and families are facing increasing litigation risks, which threaten their retirement and economic security. Increasingly, I hear business owners and real estate owners that secured business or personal loans and they personally guaranteed the loans with the bank.
Many people are unaware that legitimate planning can occur to mitigate the risks that people face from foreclosure and business loans' litigation. At the Robertson Law Group, LLC, we have an asset protection niche law practice helping middle American and high net worth families protect themselves against litigation.
The fraudulent transfer doctrine must be well-understood and planned around. The best time to do planning is prior to any lawsuits or any possible lawsuits. If you are a person, family, or business facing lawsuits, contact us immediately at 312-498-6080 or 630-364-2318 or RobertsonLawGroup@gmail.com. Even if you have a current lawsuit against you, you can at least get a second (2) opinion and we will advise you of what the law currently is and whether you have any viable options.
Sean Robertson, Attorney at Law
Robertson Law Group, LLC
312-498-6080 or 630-364-2318
RobertsonLawGroup@gmail.com
www.RobertsonLawGroup.com
Showing posts with label Asset Protection for Physicians. Show all posts
Showing posts with label Asset Protection for Physicians. Show all posts
Friday, April 9, 2010
Saturday, February 20, 2010
Estate and Asset Protection for Physicans, Surgeons, and Dentists
Litigation is increasingly becoming a bigger problem for medical professionals such as Physicians, Surgeons, and Dentists. Patients are quick to hire plaintiff's attorneys, which are happy to represent clients that potentially could make them hundreds of thousands to millions of dollars in contingency fees. Asset preservation is critical because one lawsuit could destroy a Physician, Surgeon, or Dentists. Often times, one believes malpractice and liability insurance is sufficient to cover one's liability risks. Unfortunately, insurance companies are known for denying claims and claiming that your liability risks fell outside of their insurance policy.
A liability risks that most physicians do not consider is partnership disputes. A partnership dispute is a dispute amongst other physicians or business owners. In most cases, each partner or owner owns an Limited Liability Corporation (LLC) in their own personal name. This makes a Physician, Surgeon, and Dentist vulnerable because their personal assets are exposed. Thus, asset protection law is designed to reduce a Physician, Surgeon, or Dentist's liability risks.
At the Robertson Law Group, LLC, we concentrate in setting up Family LLCs, Family Limited Partnerships, Asset Protection Trusts, and other asset protection structures. Sean Robertson is Principal of Robertson Law Group, LLC and he can be reached at 312-498-6080 or 630-364-2318. We have locations in Naperville and downtown Chicago. We are also mobile and able to meet you at your home or business unlike most attorneys.
A liability risks that most physicians do not consider is partnership disputes. A partnership dispute is a dispute amongst other physicians or business owners. In most cases, each partner or owner owns an Limited Liability Corporation (LLC) in their own personal name. This makes a Physician, Surgeon, and Dentist vulnerable because their personal assets are exposed. Thus, asset protection law is designed to reduce a Physician, Surgeon, or Dentist's liability risks.
At the Robertson Law Group, LLC, we concentrate in setting up Family LLCs, Family Limited Partnerships, Asset Protection Trusts, and other asset protection structures. Sean Robertson is Principal of Robertson Law Group, LLC and he can be reached at 312-498-6080 or 630-364-2318. We have locations in Naperville and downtown Chicago. We are also mobile and able to meet you at your home or business unlike most attorneys.
Saturday, May 2, 2009
Asset Protection for Physicians
Asset Protection for Physicians
Asset protection is a legal strategy that diminishes your asset risk profile and discourages lawsuits from being filed against you. Simply put, asset protection is making you judgment proof and protecting your assets in a manner that discourages creditors and plaintiff attorneys from suing you in the first place.
Today, there is a huge trend of litigation, which seems to be increasing. The costs of malpractice premiums are increasing and it is jeopardizing many physicians ability to practice medicine in a profitable manner. Furthermore, physicians are constantly investing in real estate, their medical practices, stocks and bonds, and other business ventures, which increase their risk profile.
How To Work With An Asset Protection Attorney
An Asset Protection Attorney's Job is to work with the Physician and find out about the Physician's insurance, investment, and business risks. Hence, the Attorney will use Trusts, LLCs, & many other vehicles to protect the Physician's investments and assets.
Example of the Need for Asset Protection
Asset Protection is important because one lawsuit can jeopardize your family's financial future. For example, I have a physician who was involved in a business partnership and the partnership dissolved and a couple of physicians competed against the business partnership. Thus, the departing physicians possibly breached their non-compete agreement. This resulted in litigation and litigation brings counterclaims. A counterclaim is when a person sues another person and that Defendant sues the Plaintiff. A counterclaim is typical because the best defense is a good offense. In this example, the Defendant set up an Limited Liability Corporation (LLC) but set up his LLC ownership interest in his personal name. Therefore, all of his personal assets were exposed. Fortunately, for him and his family, we had done asset protection and his primary residence, his condo, and his personal assets are well protected. The opposing attorney has not pursued my client.
For more information about Asset Protection, please call Sean Robertson, Esq. Sean Robertson concentrates his practice in Asset Protection, Estate Planning, & Elder law. Sean Robertson has an expertise in representing Physicians and derives about 80 percent of his revenue from representing Physicians, Dentists, & Chiropractors. Sean Robertson can be reached at 312-498-6080 or RobertsonLawGroup@gmail.com.
Contact Information:
Sean L. Robertson, J.D., Esq.
Robertson Law Group, LLC
9923 South Ridgeland Avenue, Suite 99
Chicago Ridge, Illinois 60415
w) 312-498-6080 f) 312-377-2480
e) RobertsonLawGroup@gmail.com
Asset protection is a legal strategy that diminishes your asset risk profile and discourages lawsuits from being filed against you. Simply put, asset protection is making you judgment proof and protecting your assets in a manner that discourages creditors and plaintiff attorneys from suing you in the first place.
Today, there is a huge trend of litigation, which seems to be increasing. The costs of malpractice premiums are increasing and it is jeopardizing many physicians ability to practice medicine in a profitable manner. Furthermore, physicians are constantly investing in real estate, their medical practices, stocks and bonds, and other business ventures, which increase their risk profile.
How To Work With An Asset Protection Attorney
An Asset Protection Attorney's Job is to work with the Physician and find out about the Physician's insurance, investment, and business risks. Hence, the Attorney will use Trusts, LLCs, & many other vehicles to protect the Physician's investments and assets.
Example of the Need for Asset Protection
Asset Protection is important because one lawsuit can jeopardize your family's financial future. For example, I have a physician who was involved in a business partnership and the partnership dissolved and a couple of physicians competed against the business partnership. Thus, the departing physicians possibly breached their non-compete agreement. This resulted in litigation and litigation brings counterclaims. A counterclaim is when a person sues another person and that Defendant sues the Plaintiff. A counterclaim is typical because the best defense is a good offense. In this example, the Defendant set up an Limited Liability Corporation (LLC) but set up his LLC ownership interest in his personal name. Therefore, all of his personal assets were exposed. Fortunately, for him and his family, we had done asset protection and his primary residence, his condo, and his personal assets are well protected. The opposing attorney has not pursued my client.
For more information about Asset Protection, please call Sean Robertson, Esq. Sean Robertson concentrates his practice in Asset Protection, Estate Planning, & Elder law. Sean Robertson has an expertise in representing Physicians and derives about 80 percent of his revenue from representing Physicians, Dentists, & Chiropractors. Sean Robertson can be reached at 312-498-6080 or RobertsonLawGroup@gmail.com.
Contact Information:
Sean L. Robertson, J.D., Esq.
Robertson Law Group, LLC
9923 South Ridgeland Avenue, Suite 99
Chicago Ridge, Illinois 60415
w) 312-498-6080 f) 312-377-2480
e) RobertsonLawGroup@gmail.com
Subscribe to:
Posts (Atom)
