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White Coat Investor Podcast

WCI #199: Asset Protection with Jay Adkisson

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Investing, Business, Health & Fitness, Medicine

4.82.4K Ratings

🗓️ 25 February 2021

⏱️ 63 minutes

🧾️ Download transcript

Summary

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

Do you ever find yourself wishing there was somewhere to go to ask your finance, insurance or investing questions? The White Coat Investor community is a great place to turn. We have a thriving community across all of our social channels - facebook, twitter, instagram, reddit and our WCI forum. We have been discussing solutions to your money problems since 2011. Join the conversation with thousands of other White Coat Investors. Follow WCI on your favorite social media platform for financial resources, tips and strategies. Just head to your platform of choice and search for The White Coat Investor. You can do this and The White Coat Investor can help.

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

Click on a timestamp to play from that location

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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