Estate Planning for Doctors
A solid estate plan ensures that your family is taken care of and your practice is protected. Our services include:
- Wills and Trusts: Secure the transfer of assets according to your wishes.
- Healthcare Directives and Powers of Attorney: Appoint trusted individuals to make medical and financial decisions on your behalf.
- Guardianship for Minor Children: Ensure your children's well-being is cared for by trusted individuals.
Gift and Estate Tax Planning
Doctors often accumulate significant wealth, and minimizing estate taxes is essential. We provide guidance on:
- Lifetime Gifting: Reduce your taxable estate by gifting assets to your heirs during your lifetime.
- Trusts: Use trusts to protect wealth and reduce estate tax exposure.
- Charitable Contributions: Maximize your charitable giving while reducing estate taxes.
Business Planning for Doctors
We help doctors plan for the future of their practice and ensure a smooth transition:
- Entity Formation: Choose the right business structure for your practice, including LLCs, S-Corps, and Professional Corporations.
- Succession Planning: Plan for the future transfer of your practice, whether to a partner, family member, or external buyer.
- Buy-Sell Agreements: Protect yourself and your practice partners with legally binding agreements.