Estate planning for physicians

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GAPI Webinar on Estate Planning for Physicians
We will discuss the basics of estate planning, including special considerations for physicians, strategies, and pitfalls. An estate planning guide for physicians including a checklist, a summary of necessary documents, related trusts, and overview of tax planning. If you're a doctor and have a family and children, one of the best things you can do to protect them is to arrange your estate.

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Consider discussing with your estate planning attorney which assets would be most beneficial to include in the trust. Without an estate plan, you risk leaving those decisions up to a judge and the laws of your state. By transferring ownership of assets such as real estate, investments, or even your medical practice to the trust, you can potentially avoid probate, a lengthy and potentially expensive court process. The other thing to keep in mind is that gift tax rules do apply so being strategic about how you approach estate planning with this vehicle is important, and you should make sure you discuss this with your estate attorney as well as your accountant.