4.9 • 2.3K Ratings
🗓️ 25 February 2021
⏱️ 63 minutes
🧾️ Download transcript
Attorneys who specialize in asset protection often use a lot of fear in their marketing materials. They want us to feel like we are going to be sued and lose everything. Is this fear appropriate? How much anxiety should a doctor really feel about asset protection? Our guest in this episode is Jay Adkisson, an expert in asset protection. We discuss a basic framework for thinking about asset protection, domestic asset protection trusts, personal liability insurance, malpractice insurance, protecting your home equity, LLCs, the California Private Retirement Plan, bankruptcies, and how many doctors he has known personally who have lost everything in a lawsuit. If worry over protecting your assets has kept you up at night, this is the episode for you. See the full show notes here https://www.whitecoatinvestor.com/asset-protection-with-jay-adkisson-podcast-199
This episode is brought to you by 37th Parallel Properties There is a substantial body of evidence supporting commercial real estate investing. The real trick is to find a trusted investment sponsor. As one of the good guys in the industry, 37th Parallel Properties is a partner we trust. Many of our readers have invested with 37th Parallel, and so have we. Check them out at https://www.whitecoatinvestor.com/37parallel
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0:00.0 | This is the White Code Investor Podcast, where we help those who wear the White Code 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. |
0:18.0 | This is the White Code Investor Podcast No.199, asset protection with Jay Adkisson. |
0:23.0 | Welcome back to the podcast. I hope you're as excited about this pandemic waning as I am every week I'm looking at the cases dropping like crazy. |
0:32.0 | I think in just about a month, we're recording this now on, let's see what's today, today's the 9th of February. |
0:39.0 | Over the last month, I think we've dropped off in our case numbers by two-thirds. |
0:43.0 | This trend keeps up. It's going to be dramatically better a month from now. |
0:47.0 | So I'm really excited about that. Thanks to all of you who are working hard to do that and not only at your professional work, but in your homework. |
0:57.0 | You know, all of us are taking steps and making sacrifices and staying away from other people and canceling activities. |
1:05.0 | And that has an effect. There's a certain amount of stress on all of us just from living in a pandemic. |
1:10.0 | So thanks for doing the right thing and keeping people around you safe. |
1:14.0 | This episode is brought to you by 37 parallel properties. There's a substantial body of evidence supporting commercial real estate investing is one of the good guys in the industry. |
1:22.0 | 37 parallel properties is a partner I trust. They've been around for more than 10 years and still maintain a 100% profitable track record with clear reporting and excellent educational content. |
1:31.0 | Many of my readers have invested with 37 parallel and so have I not been happy with that investment. |
1:35.0 | Check them out hop on over to whitecoatinvestor.com slash 37 parallel. |
1:41.0 | All right, our call of the day today comes from epic Titus who said wealth consists not in having great possessions, but in having few wants a bit of a stoic. |
1:53.0 | All right, next week March 4 through 6 is WC icon 21. It's a virtual event this year. |
2:02.0 | Despite the pandemic waning a bit, it's still a little too early to have a big live event with a bunch of doctors, although I think a large percentage by readers are now immunized. |
2:10.0 | It was just too early to do it in person. We are doing it live. However, there will be a number of events at this conference that are live some were pre recorded, but there are live events every day of the conference. |
2:21.0 | And you can still register for it go to whitecoatinvestor.com slash conference. |
2:27.0 | All right, do we have a special guest today on the podcast we had an asset protection episode a few months ago and people enjoyed it. |
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