Estate Planning for Physicians and Dentists
Medical Professionals Face Unique Risks. We Help You Plan Ahead.
From long hours and high liability to the complexity of owning a practice, physicians and dentists have distinct estate planning needs. At Newman Law Group, we help medical professionals across California preserve their assets, minimize taxes, and plan for the unexpected.
Why Doctors Need a Specialized Estate Plan
Between the risk of malpractice claims, a demanding schedule, and the responsibility of running a business, physicians and dentists face more obstacles to effective planning than most. And yet, the stakes are higher. Without the right estate plan in place, your assets could be exposed, your family could face costly probate, and your practice could face serious disruption.
We work closely with medical professionals throughout California to design plans that address:
- High-liability exposure
- Business continuity in case of incapacity
- Tax-smart wealth transfers to spouses and children
- Professional practice transitions and succession
Estate Planning That Matches the Complexity of Your Life
Asset Protection Strategies
Malpractice insurance isn’t enough. We implement irrevocable trusts, homestead protections, and strategic business structures (LLCs, FLPs, PCs) to help shield personal wealth from liability.
Minimizing Tax Burden
High-income professionals need thoughtful tax planning. We incorporate gifting strategies, insurance trusts, and tax-efficient transfer tools to reduce estate taxes and income tax exposure.
Supporting Your Loved Ones
Whether you're caring for children, a spouse, or aging parents, we help you ensure your estate plan supports and protects the people who rely on you. This includes naming guardians, trustees, and health care proxies.
Frequently Asked Questions
Do I really need a separate plan if I already have malpractice insurance?
Yes. Malpractice insurance only goes so far. A lawsuit could still target your personal assets if your coverage is exceeded or claims fall outside the policy.
Can my estate plan include my practice?
Absolutely. We help you plan for business continuity, identify successors, and ensure the practice can operate (or be sold) if you’re incapacitated or pass away.
Is asset protection legal?
Yes, when done proactively and properly. We use legally compliant tools that help shield assets before liability arises.
What happens if I become incapacitated?
Without proper planning, your family could face court proceedings to access your assets or run your practice. We set up powers of attorney, living trusts, and medical directives to keep control in trusted hands.
Protect Your Practice, Provide for Your Family
Comprehensive Planning for a Demanding Profession
At Newman Law Group, we understand the time pressures and unique liabilities that come with your career. That’s why we provide efficient, high-touch planning that integrates business protection, tax strategy, and estate tools into one streamlined plan—so your family and your practice are protected, no matter what comes next.