Smart Estate Planning for Physicians: A Tactical Roadmap with MDcpas
As a physician, you're trained to anticipate outcomes, mitigate risk, and make confident decisions under pressure. But when it comes to planning for your own financial future and your family’s security many physicians overlook a critical step: estate planning. At MDcpas , we specialize in helping medical professionals take a smart, structured approach to estate planning. Our goal? To simplify the process, protect what you’ve worked so hard to build, and ensure your legacy is preserved according to your wishes. 1. Laying the Legal Foundation: Wills, Trusts & Powers of Attorney The starting point of smart estate planning for physicians is ensuring your core documents are in place and customized to your life: Will : This outlines how your assets should be distributed and who should care for your children (if applicable). Without one, state laws will determine these outcomes—and it may not be what you intended. Revocable Living Trust : This helps your estate avoid probat...