Physicians have special legal needs. For instance, Physicians have special estate planning needs as a result of their exposure to medical malpractice claims, many times unjustly so.
Whether or not a physician decides to go “bare,” because the potential exposure for damages in a medical malpractice suit can exceed standard policy limits, every physician should pay special attention to their estate planning strategy.
Also, just as with any other hard working and well paid professional, it is important for the physician client to create an estate plan that minimizes exposure to adverse tax consequences and maximizes retention of assets.
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