The Benefits of a Professional Will

A Professional Will: Why You Should Make One Today

Death is an inevitable part of life, and while it is not something we look forward to, it is important to plan for it. As a professional (doctor, lawyer, therapist, counselor, ect.), you have worked hard to build a successful career, but have you thought about what will happen to your business and clients after you die? Creating a professional will is the solution to this problem. In this blog post, we will discuss what a professional will is, why it is important, and how to create one.

What is a Professional Will?

A professional will is a legal document that outlines what will happen to your business and clients when you die or become incapacitated. It is different from a regular will because it only deals with your professional life and not your personal assets and property. A professional will ensures that your clients are taken care of and that your business can continue to operate even if you are not there to manage it.

Why is a Professional Will Important?

A professional will is important because it protects your clients, your business, and your legacy. Without a professional will, your clients may be left in a lurch, and your business could fall apart. This can cause a lot of stress and uncertainty for your clients and loved ones during a difficult time. A professional will also ensures that your hard work is not lost and that your legacy continues.

How to Create a Professional Will

Creating a professional will is not difficult, but it does require some planning and legal advice. Here are the steps to creating a professional will:

Identify Your Successor: Choose someone you trust to take over your business and ensure that your clients continue to receive the same level of care.

List Your Clients: Make a list of all your clients and their contact information. This will help ensure that they are notified of your passing and that their care is transferred to your successor.

Specify Your Wishes: Decide what you want to happen to your business after you die. Do you want it to be sold or passed on to your children? Specify your wishes in your professional will.

Consult a Lawyer: Work with a lawyer to draft your professional will. They will ensure that it is legally binding and that your wishes are carried out.

Update Regularly: Review and update your professional will regularly to ensure that it accurately reflects your wishes and any changes to your business.

Conclusion:

Creating a professional will is an important step in protecting your business, your clients, and your legacy. It ensures that your hard work is not lost and that your clients are taken care of after you die. As a professional, it is important to plan for the future, and a professional will is the first step in that process. Take the time to create your professional will today, and give yourself and your loved ones peace of mind. Call (614) 334-6850 to schedule a consultation today.