No one ever said that raising children would be inexpensive. College tuition, fees and other educational expenses have grown at such a rapid rate that they now constitute a family’s second largest major expense (exceeded only by the purchase of the family residence). There are at least two “golden rules” to keep in mind in […]
Employment Contract Review
Physicians receive no formal training on how to evaluate their employment contract. Many make mistakes in this area. James D. Yurman has extensive experience in this area and can help evaluate your offer to ensure a mutually beneficial experience and avoid costly mistakes. Chances are the physician is being offered an employment contract that falls […]
Medical Practice Ownership Arrangements
When approaching the opportunity for ownership, physicians need to pay keen attention to the relevant documents. Two documents (the Purchase Agreement and the Buy-Sell Agreement) are typically involved. Usually, the purchasing physician will have no training, background or experience with this type of transaction. Therefore, a review of these documents with skilled specialists is highly […]
Disability Income Analysis
Three of every four 30-year-olds will suffer one long-term disability before age 65. Physicians are especially at risk for disabling accidents because of their unique relationship with malpractice carriers, hospitals, patients, referring physicians and their employer. Yet a disabling injury could occur anytime, anywhere, both on the job and off. What happens to your salary […]
Life Insurance
Death may be sudden, but it is never timely, in our experience. The physician who is too busy or preoccupied to get his affairs in order, leaves his family a legacy of confusion and frustration upon his untimely death. Inflicting this needless grief on heirs who are dependent upon you for their livelihood can obscure […]