Abstract
A professional man is never through. He needs to arrange his estate to take care of changes in his practice at his death and also he needs a complete arrangement to carry out his intentions for his family. To get to that point, he needs a systematic plan of monthly saving clearly reflected in a budget by anticipating his expenses and adherence to his plan. He would need an understanding of the needs for income-producing property in the form of corporate securities or other types of property supported by a certain amount of liquidity. He should allow for estate and death taxes and use both an attorney and a trust company to provide legally for the protection of his family. Plan your life well. Your best security is a managed practice within certain limitations for a long life as against covering all the field for a short duration. History will prove that under present economics your best protection is to keep your practice stimulated indefinitely, rather than to make a supreme sacrifice to do the impossible in trying to replace your earning power in its entirety.
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