Ep 30. Ike Devji part 1-- Basics of estate planning
06/01/18 • 43 min
Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona.
Our guest on this episode is Ike Devji, JD an attorney in Phoenix, AZ. Ike is our first returning guest. He previously discussed asset protection on episode 3 which remains one our more popular episodes. Today we will be talking about estate planning on part 1 and an update to asset protection on part 2. Both episodes will be released together, but you will need to download them separately. I apologize for some of the scratching sound you will hear during the conversation, but I didn’t want to stop recording because the content was important.
In part 1 we talk about the basics of estate planning. We define the basic terms such as wills, probate, trusts, etc. Ike talks about whether you need an attorney to set this up or whether you can do it yourself.
In part 2 we update asset protection including how practices can deal with gun violence and how practices can protect themselves. We also address the situation that Physician on Fire got into when he served on a hospital board as many physicians do and ended up being sued (with risk to his personal assets) when the hospital went bankrupt and board members were sued. We also talk about purchasing property into a trust. (Investment vs personal property). Finally we talk about the liabilities physicians face when we post on social media.
You can find out more about Ike and his company at www.proassetprotection.com
Please let your colleagues know about this podcast and add them to our private facebook group and join our email list.
More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube (Audio only) and Facebook.
You can follow me on twitter @drmoneymatters
Please consider joining the Doctor Money Matters Facebook group.
Thanks for listening and please leave us positive reviews and continue to share this podcast with your colleagues.
Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona.
Our guest on this episode is Ike Devji, JD an attorney in Phoenix, AZ. Ike is our first returning guest. He previously discussed asset protection on episode 3 which remains one our more popular episodes. Today we will be talking about estate planning on part 1 and an update to asset protection on part 2. Both episodes will be released together, but you will need to download them separately. I apologize for some of the scratching sound you will hear during the conversation, but I didn’t want to stop recording because the content was important.
In part 1 we talk about the basics of estate planning. We define the basic terms such as wills, probate, trusts, etc. Ike talks about whether you need an attorney to set this up or whether you can do it yourself.
In part 2 we update asset protection including how practices can deal with gun violence and how practices can protect themselves. We also address the situation that Physician on Fire got into when he served on a hospital board as many physicians do and ended up being sued (with risk to his personal assets) when the hospital went bankrupt and board members were sued. We also talk about purchasing property into a trust. (Investment vs personal property). Finally we talk about the liabilities physicians face when we post on social media.
You can find out more about Ike and his company at www.proassetprotection.com
Please let your colleagues know about this podcast and add them to our private facebook group and join our email list.
More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube (Audio only) and Facebook.
You can follow me on twitter @drmoneymatters
Please consider joining the Doctor Money Matters Facebook group.
Thanks for listening and please leave us positive reviews and continue to share this podcast with your colleagues.
Previous Episode
William Bernstein, MD -- Lessons from an investment guru
Episode 29.
On this episode, I interviewed a physician investing legend, Dr. William Bernstein. He is a neurologist turned financial author and investment advisor. Now most of us will not be able to reach the asset threshold need for him to manage our money, but the good news is we don’t have to. He provides great advice for the rest of us also.
I have admired Dr. Bernstein’s approach to investing for many years and want to acknowledge him as one of the pioneers of index investing. His books are a must read for those who want to learn about financial history. Despite his tremendous expertise, he is very accessible and approachable and above all a teacher.
In this episode we discuss
- His basic advice to young physicians.
- What he recommends you do before investing.
- How you can construct a very simple yet effective portfolio
- His thoughts on cryptocurrency
- How does the FIRE movement affect asset allocation/savings rate?
- Whether or not most physicians need a financial advisor
Dr. Bernstein’s website is efficientfrontier.com On it there are great resources for beginning your financial education from beginner to more advanced levels.
Join our email list or private facebook group and I will let you know how to get a copy of his book If you can for free for kindle. Although even if you listen to this podcast later and it is no longer free, this book is high value advice for very nominal amount.
Please let your friends know about this podcast by sharing it on text, whatsapp or whatever social media platform you are on.
More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube (Audio only) and Facebook.
You can follow me on twitter @drmoneymatters
Please consider joining the Doctor Money Matters Facebook group.
Thanks for listening and please leave us positive reviews and continue to share this podcast with your colleagues.
Next Episode
Ep 31. Ike Devji Part 2 -- Assorted legal questions
Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona.
Our guest on this episode is Ike Devji, JD an attorney in Phoenix, AZ. Ike is our first returning guest. He previously discussed asset protection on episode 3 which remains one our more popular episodes. Today we will be talking about estate planning on part 1 and an update to asset protection on part 2. Both episodes will be released together, but you will need to download them separately. I apologize for some of the scratching sound you will hear during the conversation, but I didn’t want to stop recording because the content was important.
In part 1 we talk about the basics of estate planning. We define the basic terms such as wills, probate, trusts, etc. Ike talks about whether you need an attorney to set this up or whether you can do it yourself.
In part 2 we update asset protection including how practices can deal with gun violence and how practices can protect themselves. We also address the situation that Physician on Fire got into when he served on a hospital board as many physicians do and ended up being sued (with risk to his personal assets) when the hospital went bankrupt and board members were sued. We also talk about purchasing property into a trust. (Investment vs personal property). Finally we talk about the liabilities physicians face when we post on social media.
You can find out more about Ike and his company at www.proassetprotection.com
Please let your colleagues know about this podcast and add them to our private facebook group and join our email list.
More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube (Audio only) and Facebook.
You can follow me on twitter @drmoneymatters
Please consider joining the Doctor Money Matters Facebook group.
Thanks for listening and please leave us positive reviews and continue to share this podcast with your colleagues.
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