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An Introduction to Planning for Doctors Doctors' need for asset protection planning is unaffected by the current economic downturn. As a result, many advisor teams either work with, or would like to begin working with, doctors (physicians, surgeons, dentists and chiropractors). This issue examines the personality traits of physicians and surgeons, as well as introduces the asset protection and estate...

Perceived Disadvantages of Irrevocable Trusts in General Some clients and advisors are predisposed against irrevocable trusts because they are a "hassle." If an irrevocable trust is not a grantor trust for income tax purposes (i.e., if it must report income and expenses as a separate taxpayer), that requires separate accounting and a tax return, which has its costs. If annual...