In this episode of Derms and Conditions, Dr James Q. Del Rosso shifts gears from clinical

dermatology to something equally important but rarely discussed—legal and financial planning.

He’s joined by his longtime friend and dermatopathologist, Dr Clay Cockerell, who also happens

to be a licensed attorney with a passion for educating physicians about estate planning.

Dr Cockerell breaks down the fundamentals of trusts, wills, and malpractice insurance in plain

language, highlighting why every physician should care about these topics. Listeners will learn

the key differences between revocable and irrevocable trusts, how to protect assets from

creditors, and why picking the right trustee is critical.

They also dive into the historical roots of trusts (spoiler: think the Crusades), fiduciary responsibilities, and how physicians can control the distribution of assets during and after their lifetimes.

The conversation also covers non-compete clauses, contract negotiations, and the importance

of tail coverage in malpractice policies. Dr Cockerell shares real-world advice from his own

experience and emphasizes why physicians—especially new grads—should never sign contracts without legal review.

Packed with practical insights, humor, and a few personal anecdotes, this episode offers a

must-hear legal primer for dermatology professionals at any career stage.