Finest Estate Planning For Physicians

Estate Planning for Physicians You became a doctor to help people, but the long hours and high-stress levels take their toll, and caring for others can come at the cost of caring for yourself and those closest to you. If you have a family and children, Estate Planning For Physicians is one of the most important steps you can take to protect them.

As a physician, it’s not something that you can put off until you have more time.

What will an estate plan look like?

Your estate plan determines what happens after you die, or if you become ill or incapacitated. It includes

Naming beneficiaries Naming guardians for minors Appointing individuals to control assets Avoiding probate

Key Incapacitation Documents Physician’s Resource Services establishes important estate planning documents that dictate how to address a situation in which you’re unable to make a decision and who makes the decision. These documents include

A living will – A record that describes the type of medical care you’d prefer in particular medical situations, such as a terminal condition or unconscious state.

Power of attorney – Documents that detail who can make financial and medical decisions on your behalf.

Last will and testament – A record that names the executor of your estate, appoints a guardian to minor children, and determines the distribution of your assets

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