Tax and Estate Planning

Asset Protection: Do Not Over Complicate It

As a business advisor and attorney working with many closely-held businesses, including healthcare professionals such as doctors and dentists, I commonly field questions from clients and make recommendations to clients on the concept of asset protection. Each client that I talk with may have a different motivation for raising the question, or recommendations may vary […]

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Estate Planning: Electing a Guardian for Children

The attorneys at Nardone Limited in Columbus, Ohio, routinely assist dentists and other healthcare professionals by drafting and executing estate plans. Estate plans are not just a planning tool for individuals nearing the end of their lives, estate plans are also an important planning piece for young families and for some of life’s less expected […]

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Estate Planning: Appointing Executors and Trustees

The attorneys at Nardone Limited in Columbus, Ohio routinely assist dentists and other healthcare professionals in creating and implementing an estate plan. Our firm works with dentists at various stages in their careers and we always advise them that it is never too early or too late to consider having your estate plan drafted or […]

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The Importance of Estate Planning, Even Under the New Tax Law

The attorneys at Nardone Limited in Columbus, Ohio routinely assist dentists and other healthcare professionals in creating and implementing an estate plan. Our firm works with dentists at various stages in their careers and we always advise them that it is never too early or too late to consider having your estate plan drafted or […]

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The Importance of Keeping Your Dental Practice Compliant with Federal and State Law

The dental attorneys at Nardone Limited in Columbus, Ohio frequently advise our clients on minimizing disruption and maximizing their profits within their dental practices.  This advice includes employment matters, dental board matters, tax matters, and many others.  And certainly, one of the areas that we cover is the importance of preventive maintenance and due diligence […]

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Dental Partnership Dissolutions: Winding Up the Practice’s Business and Affairs

     In Part I of our article titled Dental Partnership Dissolutions: A Multitude of Operational, Legal, and Tax Issues to Consider, we raised some of the typical operational issues that the partners of a dental practice will need to consider when dissolving their partnership. To avoid a potential dispute between the partners post-dissolution, a […]

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Unclaimed Funds – Dentists

Everyone, We recently posted a blog on our tax controversy blog regarding unclaimed funds.  Many of our dentists have been exposed in Ohio, over time, regarding the failure to follow through on their unclaimed funds obligations.  We would encourage you to review our blog on unclaimed funds in Ohio and consider how those rules may […]

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Many Dentists Have Wills or Trusts as Part of Their Estate Plan, However, Many Dentists Fail to Consider What Happens if the Dentist Becomes Legally Incompetent

As part of an overall estate plan, dentists should execute a durable power of attorney. A dentist, through a durable power of attorney, can appoint an agent, i.e. a trusted relative or friend, to handle specific health, legal, and financial responsibilities on his behalf. The attorneys at Nardone Limited in Columbus, Ohio can assist dentists […]

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How to Properly Restructure a Dental Practice

Taxes affect us all and, as small business owners we need to realize the benefits of proper tax planning more than most. Many dentists are restructuring their dental practices to maximize the tax advantages offered by a customized business structure. A Practice restructure allows them to better manage the flow of their revenue, increase profitability, and […]

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Moving Artwork to an Irrevocable Trust

As a dentist, you are likely aware that the atmosphere of your dental practice is a key factor in making your clients feel comfortable. Because of this, many dentists feature a variety of artwork in their dental office, not to mention their home.  A recent trend in estate planning has been transferring the ownership of […]

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