What is Estate Planning for Doctors & Dentists?
Picture this:
Doc Sim runs a highly successful clinic practice and has amassed a sizeable amount of wealth and properties over his career lifespan.
He has:
*3 private properties in Singapore (including the one which he is staying in)
*2 Malaysia properties
*2 Australia properties
*3 UK properties
*$3m worth of cash and savings
*$5m worth of shares (local)
*$2m worth of bonds (local)
He is married and have 4 children, all boys, who are in their early to late 20s:
-Eldest son is married with 2 kids. He works as a specialist in a government hospital. His wife is a polyclinic doctor.
-2nd son is single. He always goes into business ventures but always failed in his ventures so far.
-3rd son is single. He hasn’t been holding down a regular job and has been loafing around most of the time.
-4th son is single. He was paralysed after a traffic accident and needs full time special care for the rest of his life.
Doc Sim is nearing retirement age now. He wonders how he should distribute his wealth and assets to his wife and 4 children should he be no longer around. He also wants to sell his practice to another doc/medical group. He wonders how should he plan for all these?
We have the solutions to the above scenarios ( and similar ones).
Please contact us for a non-obligatory discussion to find out more.
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