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AD-3R1-B96 None

Asset Management And Protection

  • 4 Hillcrest drive

    Great Neck, NY 11021

  • (516) 277-0690
  • Call Today!

Business Description
Anyone who works in certain industries knows they must protect their career and accumulated earned income in some manner. However, many of these affected individuals do not realize that merely purchasing a professional indemnity insurance policy is not an effective plan. The type of coverage or scope of protection can vary with different personal situations, but the concept is the same across the various industries. In addition to insurance protection, it is also a sound business decision to establish a revocable living trust as well that can be used to shelter idle personal wealth. It is commonly understood that contemporary society is easily the most litigious business environment known throughout history. This condition requires all high-income earners to always evaluate their need for financial protection instruments that shield them when legal disputes arise. One thing is for certain in contemporary society. Legal conflicts happen on a regular basis, meaning that being prepared beforehand is always the best step for anyone who may be financially liable beyond maximum insurance coverage. One industry whose members are the target of a considerable number of legal actions is the healthcare industry, physicians and surgeons in particular. While it is a fact that medical professionals are still human and do make mistakes, it is also true that many claims brought forward are borderline at best. All professionals in the healthcare industry understand their need for errors and omission insurance protection, but this does not protect personal assets. The best option for asset protection is usually establishing a revocable living trust that transfers excess personal wealth under ownership of a separate financial entity. The only damages available in a legal action will then be limited to insurance policy protection. This is a legal step that should also be part of an overall estate management plan that could include other financial instruments as well.
Business Hours
  • Mon Open 24h
  • Tue Open 24h
  • Wed Open 24h
  • Thu Open 24h
  • Fri Open 24h
  • Sat Open 24h
  • Sun Open 24h
Phone Numbers
Main: (516) 277-0690
Payments Accepted
American Express, MasterCard, Visa, Discover, Diner's Club, Cash, Check, Traveler's Check, Invoice, Financing
Additional URLs
Media
Map Location: 4 Hillcrest drive, Great Neck, NY 11021
  • Posted on: 05/03/2018, 6:57 AM
  • Classified ad views: 0
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