Asset protection can be a big deal for practice owners and established doctors, and we’ve talked about it here before. Most recently, my CEDR co-founder Douglass Lodmell, a leading asset protection attorney, has explored whether President Obama ought to consider asset protection. The factors involved are the same ones you or I would think about. Here’s Doug’s article:
With the House of Representatives officially passing a bill which would endorse a lawsuit brought against the President of the United States (President Obama), I thought it would be an interesting thought experiment to ask if the President should consider Asset Protection.
When doing an analysis for a client, the first area we look at are assets. Does the client have sufficient assets to justify protecting them. In the case of Obama, the answer is surely yes. As has become apparent via the example of past presidents such as George Bush and Bill Clinton, being President of the United States is a pretty profitable job. After serving your time, an ex-president can command hundreds of thousands of dollars for a single speaking gig. Combine this will the best possible contacts and business opportunities in the world, and you can rest assured that the President has something to lose…
The next area we look at is risk…
Friendly Disclaimer: This information is general in nature and is not intended to provide legal advice or replace individual guidance about a specific issue with an attorney or HR expert. The information on this page is general human resources guidance based on applicable local, state, and/or federal U.S. employment law that is believed to be current as of the date of publication. Note that CEDR is not a law firm, and as the law is always changing, you should consult with a qualified attorney or HR expert who is familiar with all of the facts of your situation before making a decision about any human resources or employment law matter.
A Blog Written by CEDR, written by HR Experts to help you run your practice.
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