<prompt> Human: Hello all, Ive been a long-time lurker on this subreddit. Was wondering if you all could give me some advice for my family and I.My wife and I are both Emergency Medicine doctors in North Carolina. Our malpractice insurances are covered by our groups I am an Independent Contractor, she is a per diem part-time hospital employee, covering upwards of about 1 million per year of malpractice each, with caveats.Anyway, Im just highly terrified of the possibility of a patient suing one of us during our careers. Knock on wood, it hasnt yet, but on average doctors will get sued a few times over the course of their career. I fear the lawsuit that sends me over my malpractice coverage and fear that lawyers may go after my assets and savings.Can you all give me some advice on what I can do to protect myself? What assets or savings are protected from medical malpractice lawsuits in North Carolina?I own a house and have a SEP IRA and a Whole Life Savings account I know, I know, I was duped into the Whole Life thing by a financial advisor way back in residency. The house is signed under the names of both my wife and I. We literally dont own anything else except the furniture in our house.What can the med mal lawyers go after, and what can I do to protect myself and my family?Thanks in advance for your help!Edit: I also have 1 mil in umbrella insurance  <response>: You should talk to a wealth planner. They will probably suggest setting up a trust for you kids or whoever outside of yourself you want to look after. There are some big benefits to this, if the trust is designated for your children then it cant be touched in a lawsuit on youself, and if you are the sole manager of the trust you can use the money as you see fit. 100 not legit advise just what i have heard others do who are very well off. Maybe an estate planner. 