When dealing with an incorporated professional (physicians, lawyers), things can get pretty complicated. This checklist is focused on helping you make sure you don’t forget to discuss key aspects of a professional’s financial planning.
Remember, financial planning for incorporated professionals is often 2 sided- one for the business and the other for the personal side.
By using this checklist, you can have a meaningful and open conversation with a professional about their practice and personal finances.
The checklist focuses on the practice and personal side of a professional’s life:
- Corporate Structure
- Taxes up-to-date
- Tax Planning- tax efficiencies
- Health Benefits
- Short term goals
- Medium term goals
- Long term goals
- Critical Illness
- Retirement Strategy
- Estate Planning
- Selling your practice
- What to do in case of divorce
- What to do in case of death
The checklist is unbranded so you can add your own contact information, your website link and your logo to it.