The Top Five Financial and Estate Planning Priorities for Physicians

By: Christopher Burns | Minnesota MD News | August 7, 2015
Wills & Trusts Agreements

The recently published article in Minnesota MD NEWS, “Your Wealth-care Team: Partnering with Physicians to Grow, Manage and Transfer Wealth” describes how physician groups can benefit from financial and succession planning, and provides the top five financial and estate planning priorities for physicians.

“It is generally fair to say that physicians are a well-educated, intelligent group of people who typically don’t take the time to focus on their personal finances. And who can blame them? The demands of the job are great, the work is never really done, and it is hard to be a true expert in more than one field. Physicians encourage their patients to be active in their own care, and yet when it comes to wealth management, they could benefit from taking some of their own medi- cine. We thought it would be beneficial to learn more about how a strong financial team can ease the burden of managing your current and future wealth.

Your financial “dream team” requires both a sophisticated financial adviser and a highly skilled estate planning attorney. The fact is that physicians need to have both professionals on their team to help manage the career-long process of acquiring wealth, growing and managing an investment portfolio, and ensuring that wealth is successfully transferred upon death to the people and causes they care about and support.” Read the full article (pdf)

  Originally published for Minnesota MD News
Christopher Burns
My clients receive my undivided attention. I focus on learning your story and understanding your specific needs. With a broad base of legal knowledge, I will thoughtfully consider your issues, identify your options, and strategically use the right tools to accomplish your goals. With nearly 20 years of experience, I bring considerable expertise in the following areas: estate planning: planning and preparation of wills, revocable trusts, health care directives, financial powers of attorney, beneficiary designations for life insurance, and retirement plans estate and trust administration litigation of contested probate, trust,...