WCI #132: Asset Protection Strategies to Secure Your Wealth

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 14 November 2019

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our guest this episode is an asset protection attorney. See the full transcription here https://www.whitecoatinvestor.com/classic-blog/. A lot of readers and listeners had questions about the cost to value for asset protection. We discuss the cost of asset protection and the value of proactive asset protection planning with Brian Bradley of Bradley Legal Corp. He shares tips and questions to ask as you are identifying an asset protection attorney to work with. The first line of defense is insurance and then reducing your liability as much as possible. After that we start looking at asset protection strategies of what exemptions you can receive in your state and then jurisdictions in regards to trusts, whether that is domestic trusts, offshore trusts, or a hybrid bridge trust. This won't be for everyone but certainly as your financial life becomes more complicated, as you become more wealthy, as you take on more risks with businesses and investments, it may behoove you to find an asset protection attorney.

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!

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Transcript

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0:00.0	This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street.
0:06.0	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:12.0	Here is your host, Dr. Jim Dolly.
0:15.0	Welcome to White Coat Investor Podcast number 132,
0:21.0	Asset Protection.
0:22.0	I just got back last week from two speaking engagements one was here pretty
0:26.4	close to local down an American Fork Utah that's between Salt Lake
0:30.6	City and Provo for those who have no idea where American Fork was.
0:34.3	Actually the town I was married in many years ago.
0:36.6	There was a hospital there and I met with the medical staff and talked for them
0:40.9	with them for about an hour about financial literacy and all the kind of usual stuff you hear on the podcast.
0:47.0	It was great because I had a few people that I actually refer patients to that were in the audience that were great to meet face to face. And so that was a lot of fun.
0:54.0	My second trip I flew out Detroit for, which you know the trip went flawlessly.
0:58.1	I had perfect flights, the hotel was great and everything, but it's always a little bit more
1:02.2	work when you got to spend 30
1:03.5	hours to give you know a similar presentation. You're there an hour or two, three
1:07.3	hours talking with docs and answering their questions and signing books and hanging
1:11.8	out afterward but you've gone from home for 30 hours.
1:14.8	And so it's obviously a little bit more work.
1:17.2	But I like to do it because I like going to different parts of the country and getting to know
1:22.1	you know docks and what they're worried about and what their struggles are and what their questions are, because I take all that information and pour it right back into the podcast and the blog and the courses and try to meet your needs.
1:33.7	And that's partly why the white code investors become so popular over the years is
	...

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