|
|
 |
|
|
|
OUR FIRM | OUR OFFICES | LEGAL |
|
BUT, I ALREADY HAVE INSURANCE.....?
- If you are "wealthy", "comfortable" or even if you just have some positive net worth, most likely you are concerned about keeping what you have, and preventing others from taking it. This concern is real, as there are people who will take advantage of any opportunity to take what you have.
- If you are a physician you are aware of horror stories about colleagues who lost everything after being held liable for medical malpractice in amounts far beyond their malpractice insurance.
- Corporate and/or Estate planning enables you to employ protection techniques to prevent anyone from taking your assets. However, there are limitations as to what you can and cannot do. Insurance is the most common Corporate and Estate Planning technique. By "transferring" the risk to an insurance company, you can usually protect your assets. But even if you buy insurance, it might not cover all possible risks that you face, or the amount you buy might not be sufficient, or the insurance company may be able to deny the claim (perhaps it could claim there were misstatements made in your application), or the insurance company may become insolvent. Corporate and Estate planning helps you prepare for these "wild-card risks".
 |
|
|
|
|
|
|
|
|
|
|
|
|
THE NEED
FOR A TRUST...