Legal Aspects of Asset Protection Planning for the Community Pharmacist

Legal Aspects of Asset Protection Planning for the Community Pharmacist
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ACPE Universal Program Number: 207-000-07-005-H04
Release Date: May 1, 2007
Expiration Date: May 1, 2010


Description

The concept of asset protection is not new. For years, doctors and lawyers have carefully structured their asset portfolios in such a manner to reduce the risk of loss in the event of a malpractice action. However, asset protection planning is not only for the extremely wealthy or those in high-risk industries. All individuals, including community pharmacists, can benefit from basic asset protection education and planning. Find out more in the May continuing education article.

Learning Objectives
Upon successful completion of this activity, the pharmacist should be better able to:

  1. Compare assets at-risk for loss.
  2. Explain the use of insurance in asset protection planning.
  3. Describe various estate planning tools in asset protection.
  4. Specify what constitutes fraudulent transfers.
  5. Distinguish among business entities used for asset protection.
This article is not intended to serve as legal advice for the pharmacy practitioner. Competent legal counsel should be consulted regarding all aspects of asset protection planning.

Target Audience
The target market for this program is pharmacists.

Instructions for Participation
To receive a certificate of completion that indicates your eligibility for continuing education credit, you must:

  • Review the content of the activity.
  • Successfully complete the post-test (70% or higher).
  • You will have two (2) opportunities to successfully complete the activity.

Your statement of credit will be issued immediately upon successful completion of the post-test and submission of the evaluation.

Fee
There is no fee for this activity.

Accreditation

Pharmacists
ACPE logoNCPA is approved by the Accreditation Council for Pharmacy Education as a provider of continuing pharmacy education. This program will provide 1.0 contact hour (.1 CEU) of continuing pharmacy education credit under the number 207-000-07-005-H04.

 

Faculty
Virgil Van Dusen, RPh, JD, is a professor of pharmacy administration at Southwestern Oklahoma State University, Weatherford, Oklahoma.

Alan R. Spies, RPh, MBA, JD, PhD, is an assistant professor of pharmaceutical, social and administrative sciences at Samford University, Birmingham, Alabama.

Candace L. Cullop is a Pharm D Candidate, at Southwestern Oklahoma State University.

Disclosure Declaration
It is the policy of the National Community Pharmacists Association (NCPA) to ensure independence, balance, objectivity, scientific rigor, and integrity in all of their continuing education activities.

The author, sponsor, and publisher of this continuing education activity have made all reasonable efforts to ensure that information contained herein is accurate in accordance with the latest available scientific knowledge at the time of accreditation of this continuing education program. Information regarding drugs (e.g., their administration, dosages, contraindications, adverse reactions, interactions, special warnings, precautions) and drug delivery systems are subject to change, however, and the reader is advised to check the manufacturer's package insert for information concerning recommended dosage and potential problems or cautions prior to dispensing or administering the drug or using the drug delivery systems.

Approval of credit for this continuing education activity does not imply endorsement by NCPA of any product or manufacturer identified.

Any medications or treatment methods suggested in this CE activity should not be used by the practitioner without evaluation of their patient's condition(s) and possible contraindication(s) or danger(s) of use of any specific medication.



Software Requirements

PC
Windows 2000
Internet Explorer 5.5 or Firefox
*Adobe Acrobat Reader

MAC
Mac OS 10.2.8
Safari

*Adobe Acrobat Reader

*REQUIRED TO VIEW PRINTABLE VERSION OF CE LESSON

 

 

 

 

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