CYA -- Explanation please - Posted by Jaydee


#1

Posted by Rob FL on November 18, 1998 at 23:09:04:

I believe Bill Bronchick has a form on his website.


#2

CYA – Explanation please - Posted by Jaydee

Posted by Jaydee on November 18, 1998 at 21:31:03:

You’ll all have to forgive my ignorance on this but could someone tell me what is CYA - I know it means Cover Your Assets , but is it a specific form , document or what ? What does it say and where does one get it ? Thanks again !


#3

Delete the last three letters - Posted by John Behle

Posted by John Behle on November 19, 1998 at 22:09:31:

CYA is a philosophy, not a specific form or technique. “Cover Your Assets” is the “G” rated version of the saying. It is a matter of looking out for potential liablities, steering away from them, getting assets away from liabilities and in general just protecting yourself.

That philosphy is what leads investors to use trusts or corporations and physicians to use “professional corporations”.