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By Dr. Jim Dahle, WCI Founder

Want to get the attention of doctors? Start talking about asset protection. While this is a topic I don’t address too often (for reasons you’ll read below), it is one of intense interest to financially naïve doctors. As I’ve been around the speaking circuit, it is always a sure-fire attention-getter. Unfortunately, that same interest also leads doctors to spend a lot of money on less-than-ideal solutions to their asset protection worries—and a lot of sleepless nights.

Asset protection is actually an interesting ethical dilemma when you think about it. You’re trying to figure out a way NOT to pay someone you hurt what you owe them. The idea is to discourage lawsuits, cover any possible payouts with someone else’s money, and/or declare bankruptcy and stiff your creditors without losing anything. Most doctors don’t care, though. They view it as “not losing their hard-earned

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