Protecting your assets

By Howard B. Yeon, MD, JD, and James H. Herndon, MD, MBA

Common asset protection techniques

Part I of this series (AAOS Now, January 2008) described problems with the medical malpractice tort system that make sole reliance on malpractice insurance an imperfect solution to protecting a physician’s assets. “Asset protection” techniques are used to limit the risk of involuntary loss of property from adverse judgments or other unforeseen events. This article describes common asset protection strategies that may be useful to many orthopaedic surgeons in making their financial plans.

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