As a dedicated physician, you’ve poured countless hours into building your career and securing your financial future. Yet, the medical profession carries significant risks, including malpractice lawsuits.

Recent data reveals that 31% of physicians have faced lawsuits during their careers, with some specialties at even higher risk. For example:

• General Surgeons: 90% report being sued.
• Obstetricians/Gynecologists: 85% report legal claims.

Given this landscape, it’s vital to ask: Are your assets protected against potential legal claims?

Traditional irrevocable trusts offered asset protection but often came with limitations—such as loss of control and restricted access to funds. Modern self-settled trusts overcome these barriers, offering physicians both protection and financial flexibility.

What Is A Self-Settled Trust?
A self-settled trust is a unique irrevocable trust where the grantor (you) is also a discretionary beneficiary. This means you can:

• Contribute assets to the trust, shielding them from personal estate claims.
• Access principal or interest at the trustee’s discretion when needed.
• Protect assets from creditors and lawsuits through trust safeguards.

How It Works
When created in jurisdictions that recognize domestic asset protection trusts (DAPTs), self-settled trusts provide:

• Discretionary Benefits: Retain liquidity and flexibility while the trustee controls distributions.
• Robust Protection: Shield assets from creditors and legal claims.
• Tax Efficiency: Reduce capital gains taxes for heirs through a step-up in basis.
• Lifetime Utility: Manage assets effectively during life, beyond legacy planning.

Tailored For Physicians
As a physician, your financial success comes with unique risks, including:

• Malpractice claims
• Lawsuits
• Business and professional liabilities

Self-settled trusts offer critical protection without sacrificing financial control. This dual benefit ensures security while maintaining access to funds.

Why Finley Davis Financial?
Navigating complex trusts requires experience and a personalized approach. At Finley Davis Financial, we specialize in strategies tailored to physicians, offering:

• Decades of experience in asset protection and estate planning.
• Custom solutions aligned with your goals and financial needs.
• Dedicated support to manage today’s risks and plan for tomorrow’s opportunities.

Protect Your Wealth With Confidence
Self-settled trusts address past limitations of irrevocable trusts, combining financial security with asset protection.

Take control of your future—schedule a consultation today. Together, we’ll safeguard your wealth and build a lasting legacy.