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[Music]
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in certain situations your assets can be
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at risk so let’s talk about what those
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are
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typically when folks are in high risk
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professions like
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doctors for example they’re well aware
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that they could be subject to a lawsuit
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at any time
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and they have personal liability so they
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do carry malpractice
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insurance or they should carry
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malpractice insurance
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but if the limits of their malpractice
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insurance don’t cover the liability
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then they would be personally liable for
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a judgment against them
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that’s just one example there are plenty
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of other professions that are high risk
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in a situation like that whatever assets
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you have would be subject to that
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judgment creditor
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so the person that obtained the judgment
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against you whether it was for
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malpractice
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or for a car wreck so if you had a car
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wreck and your insurance didn’t cover
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the damages that were
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resulted from that car wreck then your
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assets would be available to help
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satisfy that judgment
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in situations like that there are things
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that we can do to protect those assets
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from those judgment creditors
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you
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Savannah, GA estates planning & probate lawyer Mike Smith explains some common situations that can put your assets at risk.