Medical Lawsuits

Recent statistics show that nearly $4 billion was spent in medical malpractice payouts, which is about $168 million more than the previous year. Pretty alarming, isn't it?
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Prevention for Malpractice Lawsuits

Most medical professionals are aware that there is a risk for malpractice lawsuits. Many of them make an effort to stop lawsuits by requiring new patients to sign a disclosure document that is supposed to absolve the medical professional from any future mistakes. However, these types of documents don't usually hold up in court. The biggest reason for that is because patients cannot be expected to read and understand these disclosure documents without the legal training of an attorney. Therefore, this practice is ineffective, and it can also frustrate patients and lower their confidence in the abilities of the medical professional.

Cause and Motivation for Lawsuits

Lawsuits always have causes and motivations. The cause is seldom inflicted intentionally. Most times it is beyond the control of the medical professional being held responsible. The motivation for a lawsuit is always the assets of whoever is getting sued. That is why asset protection is important. If the assets in question are controlled so that they cannot be taken in a lawsuit, that eliminates the motivation for the lawsuit. Without the motivation, it is unlikely that a lawsuit will even be filed. 

Get the knowledge and counsel on how to avoid medical lawsuits from Legally Mine!

Are you afraid of frivolous lawsuits against your business or practice? We can help you keep what's yours. pic.twitter.com/FnRKvKSu8H
— Legally Mine (@LegallyMine) March 20, 2015

Tax Reduction

Financial success is a major factor in opening doors to major actions that we take throughout our lives. That being said, the size of your income isn't all you have to worry about. Keeping more of what you earn is just as important as how much you earn. Reducing your taxes is a big part of keeping what you earn. Check out Legally Mine and see how much of your income you can legally keep.

Is Tax Reduction Legal?

Legally Mine has helped people save hundreds of thousands of dollars with tax strategies. This may cause you to wonder about the legality of keeping that much money from the government.

Judge Learned Hand in Helvering v. Gregory (1934) made a great statement about this: "Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands."

Your CPA's Lack of Knowledge May Cost You

A big part of financial success is being certain that taxes aren't eating up your paycheck. CPA's and tax preparers often don't know the best ways to reduce the tax burden of their clients. Because of how they are educated, they usually have more of a focus on what they can't do instead of what they can do when it comes to tax reduction. Most tax preparers are really just interested in getting as many returns done as possible during the tax season. Firms that specialize in tax planning are the ones that really make sure you have the full advantage of the tax code, while at the same time make sure you are in compliance with the IRS.

Today, a majority of tax deductions come from being self-employed or owning your own business. It's important to properly use legal entities for tax purposes because different entities can take advantage of different laws. Laws do exist that can be used to make serious deductions and savings. However, most tax preparers don't even know about their existence! Luckily, Legally Mine can teach you how to use these laws to your advantage.

You may be thinking, "why does my accountant not know about these laws?" The only real answer is that even though these laws are legal and work for any business owner, they were really created for the highly wealthy to use, and they aren't publicized by the IRS. This doesn't mean that these laws will not work for you. They will certainly pass the muster fromt he IRS. It simply means your accountant or CPA probably doesn't know about these laws or how to utilize them.

The tax reduction strategies that Legally Mine has can literally bring you savings that are life changing. Make sure that you are able to keep the money that you worked hard for and can legally save!