PROTECTING YOUR PRACTICE
Although it is unpleasant to think about, you need to be proactive and put a plan in place in the event of your death of disability. Hopefully you will have sold your practice and retired long before either of these occur, but you owe it to yourself, your family, staff, and patients to have a plan in place just in case.
Where to start?
A Letter of Direction that is on the file of the attorney and Practice Impact is one of the first steps. The document will allow your family to immediately hire Practice Impact to sell your practice in the event of your death or severe disability. Your family will not have to wait for an executor to be appointed for your estate before starting the process which will save valuable time as well as the effort of locating, interviewing and hiring a broker. For more information on the Letter of Direction and this process, please contact Paul Hudanick or Mollie Holleran at our office or fill out the Letter of Direction on our Online Forms page.