As you compile more pillars (assets), you’ll find it increasingly important to protect those assets. Medical professionals are particularly in need of asset protection due to malpractice liability.
Furthermore, given your significant earnings potential, you may have sizable tax obligations. Taxes can take a much bigger bite out of your family wealth than fees and commissions payable to asset managers and insurance agents. Minimizing your tax burden (legally) helps you build your pillars of wealth faster.
This Module covers estate planning concepts and documents including: probate process, wills, intestacy, trusts, advance health care directives, and financial powers of attorney. It also covers tax planning and asset protection planning.
Consult a competent and licensed attorney when dealing with estate planning, taxation, and asset protection matters.