In this episode, Tim Fergestad sits down with Ike Devji, a nationally recognized asset protection attorney with over two decades of experience safeguarding the wealth of business owners, real estate investors, physicians, and other high-net-worth individuals. Ike shares valuable insights into the difference between estate planning and asset protection, and explains why both are crucial for long-term financial security.
The conversation covers real-world examples and common misconceptions—like the false security of revocable living trusts—and why having a trust does not mean your assets are lawsuit-proof. Ike breaks down how legal planning, insurance, tax strategy, and entity structuring all work together to form a solid asset protection plan.
Whether you're just starting to build wealth or you're protecting generational assets, this episode is packed with practical advice for anyone serious about risk management. Tim and Ike also discuss legacy planning, how to prepare the next generation for inherited wealth, and why timing is everything when it comes to protecting what you’ve earned.
 
---------------------------------------------- Interested in being part of this? Please visit our guest invitation page where you can learn more and fill out a brief questionnaire to get started: https://phoenixprosperitypodcast.com/guest It’s going to be enlightening and, most importantly, a lot of fun. I’d love for you to be a part of it!

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