In the second article of this series,1 I examined the financial situation of the young physician as he entered practice and outlined the general principles that he should follow in starting a sound estate plan. Let us now assume that the physician has reached the middle years of his practice and has achieved at least average success in his profession; that he has accepted the general principles suggested, has set the goals for his financial and estate plans, and has taken some of the steps to carry out those plans. What further steps should he take through these middle years to keep his plans up to date, balanced, and workable?
First, let's look at the family situation and the financial status of the physician as it might appear during these years. The physician may be in his mid-40's to 50's and will have been in practice 15 to 25
McClanahan WS. ESTATE PLANNING FOR PHYSICIANS: PART 3: PLANNING FOR THE MIDDLE YEARS, THE SUCCESSFUL PHYSICIAN. JAMA. 1952;149(3):240–245. doi:10.1001/jama.1952.02930200026007
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