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The Number One Myth of Asset Protection: Why You Can Lose Assets in a Medical Malpractice Lawsuit

The Number One Myth of Asset Protection: Why You Can Lose Assets in a Medical Malpractice Lawsuit


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by David B. Mandell, J.D., M.B.A.
The thinking of many physicians around the country, and unfortunately their advisers as well, is that there is little risk of a physician losing personal assets in a malpractice claim, especially with typical $1?3 million malpractice insurance coverage. This article dispels that myth and shows that the benefit in engaging in asset protection planning far outweighs the cost.