Asset Protection: Concepts & Strategies • View topic - Asset Protection for Physicians. Overview Physicians consider themselves targets, and they are, but their biggest predators are not personal injury lawyers. The average physician is not likely to be successfully sued in excess of their reasonable medical malpractice limits – such verdicts are actually very rare and nearly all could have been settled within the limits of the physician’s coverage. Where physicians are most likely to lose wealth is through bad marriages, bad investments, bad tax planning, or a combination thereof. The average physician usually can’t name a colleague who got cleaned out in a medical malpractice lawsuit, but they can readily name a list of buddies who have lost money to ex-spouses, in various investment schemes, or they got burned in a tax shelter. Some of these groups adopt fancy names to try to sound respectable, such as “American Foundation for Physician Justice and Asset Protection”, and claim that they have been “endowed” by grants.
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