Are your estate planning documents up to date? For most doctors, unfortunately the answer is “no.”

More than 25% of doctors with whom we meet for comprehensive tax and business planning haven’t signed a will or other estate planning documents. Another 25% have signed estate planning documents, but they’re outdated due to a change in domicile (moving to another state), marital status (getting married or divorced), birth of children and/or grandchildren, or changes in family and/or economic status.

Patrick Craig, JD, an experienced estate planning attorney* recommends the following seven steps to protect your family from unnecessary stress and economic loss.