Medical professionals spend years studying and working tirelessly to build their careers, but even the most experienced and knowledgeable doctors can face legal challenges that threaten their livelihoods. Frivolous lawsuits, fraudulent claims, and malpractice allegations can quickly turn their world upside down, leaving them financially and emotionally drained. Fortunately, Legally Mine, a comprehensive lawsuit protection company, provides doctors with cost-effective and efficient ways to reduce their liability and protect their assets.
Founded by Jay W. Mitton, MBA, J.D., also known as “The Father of Asset Protection,” Legally Mine has become one of the largest, most respected, and most experienced asset protection firms in America. The company’s attorneys and paralegals provide specialized consulting, packages, and tools to more than 15,000 medical professionals across the United States.
Asset Protection
With America’s litigious culture, it’s crucial for business owners, including medical professionals, to take steps to protect their assets and families. Legally Mine helps doctors structure their business and personal assets in a way that eliminates the motivation for frivolous lawsuits. This entails creating entities in multiple states with specialized language in those entities to move assets out of the jurisdiction of the courts.
To protect assets, it’s essential to work with an attorney who knows the state laws of every state, not just the one in which your business operates. However, only 0.05% of attorneys specialize in asset protection, and most attorneys do not have the expertise required to handle these types of cases. Fortunately, Legally Mine’s attorneys are experts in asset control and can provide doctors with the protection they need to secure their financial futures.
Tax Savings
Legally Mine doesn’t just provide asset protection; they also help medical professionals take advantage of tax savings. Many CPAs and tax preparers focus on IRS compliance and completing as many returns as possible, rather than maximizing tax savings. However, with proper asset protection strategies and structures in place, medical professionals can access life-changing tax savings.
Business owners can take advantage of different tax laws, and as long as legal entities are used properly, they can save a significant amount on their taxes. Legally Mine’s tax experts can help medical professionals navigate the complex tax laws that were created for the highest level of earners and are not publicized by the IRS.
Medical License Defense & Lawsuit Prevention
In addition to offering asset protection and tax savings services, Legally Mine also provides medical license defense and lawsuit prevention services to their clients. Their team of experts understands that a medical professional’s livelihood depends on maintaining their medical license and reputation, and any lawsuit or fraudulent claim can put both at risk.
To protect their clients, Legally Mine not only provides fulfillment services but also spends a significant amount of time educating them on how to avoid lawsuits. They help their clients understand the common mistakes and pitfalls that can lead to lawsuits and provide guidance on how to minimize their risk of being sued. By taking a proactive approach to lawsuit prevention, Legally Mine helps their clients avoid the stress and financial burden of a lawsuit.
Moreover, without proper asset protection, medical professionals can become easy targets for prosecuting attorneys seeking to settle for a large sum of money. In some cases, medical professionals who do not have adequate asset protection can lose everything they have worked for, including their personal assets, business, and reputation. Legally Mine’s comprehensive approach to asset protection helps ensure that their clients’ assets are shielded from legal claims, reducing the likelihood of losing everything they have worked hard to build.
Estate Planning
Estate planning is a crucial aspect of financial planning for any medical professional. It is not just about deciding who will inherit your assets after your death but also involves ensuring that your loved ones are taken care of and your assets are protected.
Legally Mine’s Living Trust is a powerful tool that can help medical professionals achieve these goals. By placing assets in a Living Trust, medical professionals can ensure that their assets are protected from probate court, which can be an expensive, time-consuming, and public process.
A Living Trust allows medical professionals to pass their assets to their heirs without the need for probate court. This means that the transfer of assets can occur quickly and efficiently, without the need for costly legal fees or public records of the proceedings. Moreover, it can help ensure that the assets are distributed according to the medical professional’s wishes.
In addition, estate planning with Legally Mine can also help medical professionals ensure that their spouse and minor children are taken care of. Medical professionals can set up provisions in their Living Trust that ensure that their family members are provided for in the event of their passing. This can provide an incredible amount of peace of mind, knowing that their loved ones will be taken care of even if they are not there to provide for them.
Protect Your Assets and Secure Your Financial Future with Legally Mine
Legally Mine provides medical professionals with the asset protection, tax savings, medical license defense, and estate planning services they need to secure their financial futures. By partnering with Legally Mine, medical professionals can focus on practicing medicine without living in constant fear of a lawsuit or fraudulent claim. Legally Mine’s comprehensive approach to lawsuit protection ensures that their clients are protected for a fraction of the cost of traditional legal services.
