<physicians advantage>
  • physicians advantage
  • physicians advantage
  • physicians advantage
  • physicians advantage
  • physicians advantage
  • physicians advantage

As a CAPS+ member, you’ll receive a comprehensive range of personal and corporate asset preservation services to safeguard all the things you’ve spent so many years working to achieve

Asset Preservation Legal Services

The most effective way to employ a sound asset protection plan is to erect multiple tiers, or barriers, of protection to thwart the efforts of potential creditors. The goal is not to "hide" your assets or render yourself "collection-proof", but to prudently organize your assets to minimize liabilities and make potential collection efforts as burdensome and as expensive as possible. Working with your PA Financial Advisor, the CAPS+ legal team will implement a personalized asset preservation plan which utilizes the most appropriate strategies available under the law. Such strategies may include the use of limited partnerships, limited liability companies, trusts, and other wealth protection and divestment structures. The CAPS+ legal team has assisted hundreds of physicians and is experienced in the intricacies and implications of advanced wealth preservation planning.

Estate Planning Legal Services

The CAPS+ legal team will also ensure that your asset preservation plan takes into account both estate and financial planning considerations so that in addition to protecting your assets, you can reduce unnecessary taxes and ultimately increase the return on your practice and investments. The integration of asset preservation planning with estate and financial planning also ultimately increases the strength of the asset protection components of your plan, as the courts have recognized a taxpayer's right to organize assets to reduce taxation. Your estate includes the total property, real and personal, owned by you prior to distribution. The CAPS+ legal team will implement a plan to preserve the maximum amount of wealth possible for your intended beneficiaries and to reduce federal and state taxes whenever possible. Such strategies may include the use of wills, trusts, and other advanced wealth transfer techniques. All applicable strategies will be assessed in conjunction with your asset preservation goals and a comprehensive plan will be implemented to preserve your assets, both from potential creditors and from potential tax liabilities.

Accounts Receivable Leveraging And Protection

Virtually all malpractice lawsuits are filed against the physician and his or her practice, thus exposing practice assets to prospective judgments. This includes accounts receivable (A/R), typically one of the largest assets of any practice. One advantage of CAPS+ proactive A/R planning is that it creates a barrier to act as a deterrent to creditors by not only protecting the A/R but future collectable revenue as well. This planning also allows the practice to leverage its A/R and turn it into a performing asset that can be used for retirement or other financial purposes. The professionals at PA Financial will design case-specific A/R strategies that can provide economic benefits to the physician while also providing a high level of asset protection. There are many options available, and PA Financial will work closely with you to explore each of them in determining the most appropriate strategy for your practice.


Pension/Profit Sharing Compliance

Retirement-plan funds are among the largest personal assets of most physicians. As long as these plans are maintained properly, all assets are protected from the claims of creditors, including malpractice creditors. Unfortunately, more than half of the retirement plans that we have reviewed for new CAPS+ physicians had some form of non-compliance with applicable rules and regulations. When a physician becomes a CAPS+ member, professionals thoroughly analyze the physician’s plan on an annual basis to make sure it is in compliance with applicable laws and regulations. We will also assure that the plan is designed in the most efficient manner possible to offer the most economic benefit to you, the physician owner of the plan.