Many people assume that once they create an estate plan they can leave well enough alone for the time being. While this may be true for some, depending on age and other circumstances, this isn't the case across the board.
Physicians operating private practices in Texas might become increasingly rare in the future. According to the managing director at an investment bank focused on the health care industry, a trend toward more mergers and acquisitions became clear in 2017 and is expected to accelerate in 2018. Usually hospitals and private equity firms buy multiple medical practices and consolidate them into a single entity, but sometimes independent physicians join forces to create a single clinic.
If you are pursuing legal action against an entity, the last thing you want to worry about is the company going under or becoming insolvent due to a hefty judgment against it. This scenario brings about thoughts of Great Benefit Insurance filing for bankruptcy after Matt Damon’s character won a judgment against it in “The Rainmaker.”
There is a football player that currently stands to make more money than Tom Brady if the New England Patriots win this weekend’s Super Bowl. A contract provision situates this player to make a profit without even stepping out onto the field. The whole story provides an example of the power of contracts.