Dentists can better prepare for their future by establishing a well-drafted estate plan. All to often, however, they delay doing so until it’s too late. If a dentist become mentally incapacitated, or passes away, without an estate plan they leave it to the state to decide how their assets will be distributed.  That is a long, public, and expensive process. Additionally, this can create confusion and conflict for survivors. In this episode, we discuss the primary documents of a strong estate plan for dentists:

• Living Trust
• Will
• Power of Attorney for Finances
• Power of Attorney for Health Care
• A HIPPA Release

Moreover, you’ll learn how your dental practice can be affected by not having an estate plan in place.

Final note. Estate law varies by state, so be sure to engage an estate planning attorney in your state for appropriate guidance.