Given the avalanche of new federal spending, it’s a virtual certainty that higher income, estate, and gift taxes will soon follow to help pay for it. And these tax increases will be targeting upper income taxpayers, including doctors. Below, estate planning expert Blake W. Hassan, CPA, JD* outlines his top 10 strategies to help you protect your hard- earned family wealth.

After pushing through a $1.9 trillion economic stimulus package, President Biden has proposed a $2.3 trillion infrastructure bill and another $1.8 trillion package (American Families Plan) targeting anti-poverty and educational social programs.

To help pay for these new programs, President Biden is proposing significant tax hikes on corporations and wealthy individuals, including substantial increases in income, capital gains, and estate and gift taxes.

Currently, your family enjoys the largest estate tax exemption in history, at $11.7 million per individual, or $23.4 million per couple. However, this record-high exemption amount disappears beginning...