How Physicians Can Protect Their Assets In United States

How Physicians Can Protect Their Assets In United States

It is no secret that physicians get sued all the time. That’s especially true in California. According to the National Practitioner Data Bank (NPDB), California has had over $2,453,2 billion medical malpractice payouts. Beverly Hills asset protection attorney, Keila Nakasaka, who has been in practice over 25 years specializes in protecting physicians from lawsuits, and that includes divorces.

Nakasaka utilizes highly sophisticated strategies to protect her clients from judgment creditors. She said that a spouse is generally considered a super creditor/ exception creditor. But there is a way of protecting a client even from a spouse.

In general, a prenuptial agreement (prenup) is a contract that’s executed prior to marriage. It must be signed by both parties. Each party must have his/her own attorney. All assets must be disclosed. However, even with a prenup, assets can be easily exposed. An agreement that’s made during the marriage is a postnuptial agreement. 

Most people think that a prenup is only for the wealthy. This is not true. Blended families are common place these days. A prenup can address how assets should be distributed to the children from a prior marriage.

A prenup can be a very awkward discussion. For this reason, a lot of couples do not have a prenup. There are other ways to protect one’s assets. One of the ways to do so is through a Domestic Asset Protection Trust (DAPT).

A DAPT is an irrevocable trust established in a jurisdiction that allows the grantor of the trust to be the discretionary beneficiary while still providing asset protection from judgment creditors.

Media Contact
Contact Person: Keila Nakasaka, Esq.
Email: Send Email
Phone: (310) 359-6558
Address:9350 Wilshire Boulevard, 203
City: Beverly Hills
State: CA 90212-3204
Country: United States
Website: https://assetprotectionmanager.com/