Asset Planning and Protection Strategies

In today’s difficult and aggressive professional liability climate, physicians need to take prudent steps to appropriately safeguard their personal assets from excessive jury verdict awards and the like. In light of this, and in response to the overwhelming interest expressed by its members, the Massachusetts Medical Society is proud to announce the release of its booklet entitled “Asset Planning and Protection Strategies”.

This booklet is an updated version of a prior edition entitled, “Protecting Your Family Assets”. It provides physicians with an overview and discussion of the many relevant issues relating to asset protection -- including ownership interests in the family home, life insurance proceeds, trusts, retirement assets, automobiles, bank accounts and other items. The 2002 version reflects relevant changes to the bankruptcy laws over the past few years, and has been expanded to cover asset planning strategies and professional liability issues as well.

The project was directed by the Massachusetts Medical Society’s Committee on Professional Liability and its Office of the General Counsel. The Medical Society would also like to thank Attorney Stanley Ragalevsky and the other attorneys at Kirkpatrick & Lockhart who prepared this wonderful resource on behalf of the Medical Society. 

The “Asset Planning and Protection Strategies” booklet is currently available in PDF format (link below). It will also soon be available in hardcopy. If you have any questions or would like to request a copy of the “Asset Planning and Protection Strategies” booklet, you may contact the MMS Office of the General Counsel at (781) 434-7520 or e-mail kfitzgerald@mms.org for additional information.

“Asset Planning and Protection Strategies” (.pdf, 168 KB)

“Asset Planning and Protection Strategies” - cover (.pdf, 1.1 MB)