Abstract

In the third article1the situation of the physician in the middle years of his practice was examined, and some general principles of estate planning in this stage of life were stated. The various types of taxes that affect estate plans were explained and related to particular situations. Some of the commoner tools of the estate planning team were described in brief, including the settlement options in life insurance policies, insurance trusts, trusts created during life by agreement and at death by will, and the use of the marital deduction under the federal estate tax law. It is the purpose of this last article of the series to analyze the family situation and financial status of the physician as he approaches the age of retirement from his chosen profession, and as he prepares to hand over the pleasures and privileges, as well as the duties and burdens, of the

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