As a dentist, preparing your estate plan is likely one of the last things on your mind, especially if you have a young family or are busy running your own practice. But, being prepared is one of the biggest keys to success and to alleviating stress and anxiety. One topic that many individuals, including dentists, do not like to think about, or prepare for, is their own death. While it is an uncomfortable topic for most, preparing for what will happen to your assets when you pass away will help ease the burden for your loved ones. Further, proper planning will ensure that your assets are distributed in the way that you desire them to be. The attorneys at Nardone Limited are here to assist you with the entire estate planning process from tax planning to funding your trust.

For many young dentists who have recently graduated, you may think you have plenty of time to prepare for your future. But, the reality is, too often we get wrapped up in our everyday lives and are busy with many other things, preparing and executing our estate plan is the last thing on our minds. As a dentist who is starting a career and has a young family, we encourage you to have a basic estate plan prepared. By having the basic estate plan prepared now, if something unexpected does happen, you are prepared. Further, as you grow older and major life events happen, you can simply amend or update your estate plan. For many couples, a basic estate plan would consist of a (i) pour-over will, (ii) trust, (iii) living will, (iv) health care power of attorney, and (v) financial power of attorney for each spouse. Once your estate plan documents are prepared and executed, the next step is to properly fund your trusts. Funding your trust is an important last step to achieving what is many individuals’ ultimate goal, avoiding probate. Look for our upcoming blog articles for further details regarding each of the basic estate plan documents listed above.

If you would like more information on estate planning, or would like to discuss preparing your estate plan, please contact Nardone Limited at (614) 223-0123 or visit us at www.vincentjnardone.com.