Jacob Stein specializes in structuring the ownership of your assets to make it difficult, or even impossible, for others to take them away. Creditors, plaintiffs, unhappy business partners, state and federal agencies - all can threaten those assets. Our asset protection planning can reduce, or even eliminate, those threats long before they appear. Our clients tell us that the peace of mind that asset protection brings is priceless.
Many businesses and professions carry extraordinary financial risks that insurance alone can't protect against. Medicine is a good example. Malpractice premiums are often barely affordable. Insurance does not cover many claims. In addition, there are over 20,000 medical lawsuits filed each year. This means that most doctors will get sued at least once in their career. The most commonly sued medical practitioners are obstetricians and gynecologists (OB/GYNs). In fact, a study done by MedScape Malpractice found that by age 54, most OB/GYNs had been sued at least once in their career.
Similarly impacted are real estate developers and builders, and small business owners.
The financial consequences of a lawsuit could be crippling, which is why it is better to be prepared. In our years as the top asset protection planning firm, we have seen a pattern in professionals and businesses that have been strongly affected by lawsuits. We recommend that you seriously consider taking all available steps to protect what you have worked so hard for.
Do you have adequate insurance? It is tempting to cut corners here, but don’t because this is the first line of defense against lawsuits.
Does your business have the right structure to give you the best protection?
Do you have a solid, updated asset protection plan put together by a reputable attorney?
Over the past decade, our attorneys have represented hundreds of physicians, real estate developers, corporate directors and officers, and small business owners. We know and understand the risks your business faces, and how to best shield your assets from these risks.
We help clients restructure their existing business operations to separate the valuable assets of the business, like intellectual property or equipment, from the liabilities of the business.
For clients who desire privacy and want to separate themselves from their business, we are adept at setting up privacy shields and information disclosure obstacles.