ESTATE PLANNING FOR PHYSICIANS
Estate planning for physicians is especially important because their income and net worth are often higher than the general population's. When drafting an estate plan, physicians should consider all of their assets, including real estate, investments, and business interests.
If the physician owns their practice, the estate plan should be augmented with a business succession plan. The will’s executor may need to oversee decisions regarding the sale of the practice. A trusted friend with no business acumen or knowledge of how a medical practice works may not be the best executor.
ALWAYS CONSULT A MEDICAL PROFESSIONAL.
For more information, go to www.mdcpas.com