Estate Planning News

Missouri Department of Insurance Releases Medical Malpractice Study

JEFFERSON CITY - The Missouri Department of Insurance today released a technical study on recent trends in the field of medical malpractice insurance, the findings of which attempt to provide a comprehensive depiction of the current industry in Missouri.  The study, compiled by an actuary retained by the Department, examines eighteen providers that wrote medical malpractice policies to doctors within the state of Missouri during a ten-year period from 1994 to 2003.  The policies written by these 18 providers comprised approximately 48 percent of the market share of premiums written in Missouri during the examination period.  In addition, the data examined in the study is based upon the cumulative experience among physicians in Missouri during this same interval of time.

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	Did You Know?
	A "Family Limited Partnership" can be used to own and manage your property In a similar manner to a Trust, but allowing additional tax planning techniques to be employed. Family Limited Partnerships are typically used for those who have large estates and thus have a need for specialized estate planning in order to minimize federal and state estate/death/inheritance taxes as well as provide elements of asset protection.