Those of us who live in Rochester, Minnesota are lucky to have the world class health care provided by Mayo Clinic and Olmsted Medical Center at our doorstep.
If you are a physician or administrator at Mayo Clinic or Olmsted Medical Center, you spend your days helping the people in our community. Even though you find your work rewarding, you probably cherish the few moments you have to yourself and may have put off your estate planning.
The good news is you can take steps to protect yourself, your family, your real estate and your business interests. Our firm works with many physicians and administrators in the Rochester area and we take the time to understand your unique needs. Our attorneys will meet with you when your schedule allows, not just from 9-5.
As with any other estate plan, a plan for physicians and administrators should start by making sure assets will be managed and protected, according to your instructions, during an incapacity. Next, you will want to make sure that you are minimizing taxes and protecting your family upon your death. This can usually be done with a revocable living trust. Finally, you will want to shield your real estate and business interests from liability. This can often times be done through various asset protection tools, including:
- Asset Protection Trusts
- Family Limited Partnerships
- Family Limited Liability Companies
- Buy Sell Agreements
- Life Insurance
- Malpractice Insurance
We understand how busy your life is. When you contact our office we will work with you to meet at times and locations that make sense for you. We will help you inventory your assets and talk with you intelligently about the options available to you. We will then work together to put together an estate or business transition plan that makes sense for you and your family.
If you are a physician or administrator practicing at the Mayo Clinic, or in the Rochester Area, contact our office today to set up an appointment at our Rochester location.