• Using trusts to shield assets: What to know about these key protection tools

    14 days ago - By Healio

    Orthopedists interested in estate or asset protection planning inevitably inquire about the use of trusts. Certainly, trusts can play significant roles in many physicians' estate and asset protection planning.
    Because a discussion of all the types of trusts and their uses would take many installments of this column to cover adequately, we will focus this article on asset protection planning - using trusts to shield an orthopedist's assets against future lawsuits and other types of liability risk.
    The first thing to understand about trusts is that they can be divided into two
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