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Are your estate planning needs covered?

December 06, 2017 Image of DPS social media logoNo matter what stage of your dental career you're in, it's important to be organized and prepared for the future when it comes to managing and protecting your assets. A comprehensive estate plan provides an inventory of your savings, investments, personal and practice related property and other valuable possessions.

Tom Kacirek, vice president, Specialty Insurance Markets for Great-West Financial, discusses the importance of life insurance, disability insurance and effective risk management in his article, Do You Have All Your Estate Planning Needs Covered? The article is featured in the current issue of Dental Practice Success.

Dental Practice Success is a quarterly digital magazine produced in cooperation with the ADA Center for Professional Success. DPS features articles from well-known experts on a variety of dental practice issues, including practice management, staff management and training, social media and marketing, work-life balance, personal and professional finance and more.

"Key considerations for a well-managed estate plan can help you preserve your assets, minimize potential tax liability and reduce your exposure to risks that could deplete your savings, such as a loss of income if you become disabled from dentistry," said Mr. Kacirek. "Live and disability insurance are cost-effective risk management solutions for helping guard your financial security."

This is the third installment in an ongoing series of estate planning articles prepared in cooperation with Great-West Financial, underwriter for ADA Members Insurance Plans. Other articles in the series include Why You Need an Estate Plan and Common Mistakes with Estate Planning and Risk Management.