Shielding Personal and Practice Assets

At Chestnut Investment Group, we look at each clientís financial life in its totality, believing that integrated financial planning is not just about accumulating wealth. Itís also about protecting your business assets and personal savings through qualified plans and other techniques, to shield potential losses created by unexpected events that can significantly damage your financesótoday and tomorrow.

Protecting Personal & Professional Assets While Building More Practice Value

Finding Protection in the Litigation Age

The threat of frivolous malpractice lawsuits and escalating liability jury awards is one of the greatest challenges for doctors. According to a report by the Insurance Information Institute, the median of medical liability jury awards was $1 million in 2001, up 43% from 1999, and a single award for $131,700,000 was the largest in six years.

Regardless of the extent of your education and dedication, the very nature of your profession puts you at ongoing risk of becoming a defendant in a lawsuit, a daunting and stressful situation for anyone. A lawsuit can cause significant damage to your personal and professional reputation, deplete hard-earned savings, consume income and place your financial future in jeopardy.

Chestnut's doctor clients seeking to reduce the threat of frivolous legal claims can employ proactive malpractice protection designed by doctors for doctors. Plans include day-forward coverage, as well as coverage for pending lawsuits and past events dating as far back as your residency.

By addressing your financial life in its totality, and shielding your practice with a healthy dose of asset protection, your Chestnut Advisor can help you minimize exposure and mitigate losses.

*Medical Liability Reform-NOW, American Medical Association June 14, 2004.