The White Coat Investor's Guide to Asset Protection: How to Protect Your Life Savings from Frivolous Lawsuits and Runaway Judgments (The White Coat Investor Series)

Written by practicing emergency physician and creator of the most visited doctor-specific personal finance and investing website in the world, James M. Dahle, MD, The White Coat Investor's Guide to Asset Protection is a high-yield, no-nonsense manual that walks doctors and other high income professionals through the complicated subject of Asset Protection. Medicine, dentistry, and similar professions can be very rewarding, both emotionally and financially, but they carry legal risks that few Americans face. No doctor ever wants to harm a patient or anyone else, but many lie awake at night worried that one mistake could cause them to lose everything they have worked for decades to achieve. Meanwhile, financial advisors, insurance agents, and attorneys target physicians and capitalize on that fear in order to sell them services, insurance policies, or trusts that they probably do not need and that may not even work for their intended use.

We live in a litigious society and malpractice lawsuits are not the only source of litigation risk. However, before you spend tens of thousands of dollars on a complex asset protection plan or worse, start practicing defensive medicine, read this book. Most asset protection books are written by attorneys as thinly-veiled advertisements that scare you into hiring them to create expensive, complex asset protection plans. Not this one. This one gives it to you straight.