Every individual and family can benefit from estate planning, as you may know from our previous blog posts. For some people, however, effective planning requires a higher level of asset protection.
Certain professionals, such as physicians, attorneys, business owners and financial advisors, are far more likely to be sued than people working in other occupations. For example, just because a physician has medical malpractice insurance does not mean his or her personal assets are safe from a lawsuit. Many personal injury lawyers consider the entire value of the physician’s malpractice insurance to be the starting point in negotiations over damages, not the ultimate prize.
If you work in a high-risk profession, contact us today to schedule a consultation at (805) 946-1550. We can use a wide range of proven tools and strategies to protect your assets from lawsuits and other threats, and the attorneys at Santa Barbara Estate Planning would love the opportunity to discuss these issues with you.