An important aspect of planning for your medical practice’s or healthcare business’ future, and for the future of your personal assets, is to have a seamless succession plan in place. In fact, your succession plan can be every bit as important in determining how much you ultimately earn from your business as your original business plan. In addition, without an effective business succession plan, disputes over ownership and control could leave your practice and business vulnerable to unnecessary financial upheaval after your retirement or death. Successful practice and business succession planning and personal estate planning can help any physician avoid these difficulties, by guaranteeing that your professional and personal assets, stay in the hands of people you trust.
For more information on the Firm’s estate planning and asset protection services, please contact us and also see our Fortress page.