MDNews - San Antonio

June 2017

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IF YOU'RE READING THIS, CHANCES ARE THAT YOU ARE A PROFESSIONAL. MAYBE MORE THAN A PROFESSIONAL — YOU'RE A SPECIALIST. IF YOU CONSIDER YOURSELF A SPECIALIST IN YOUR FIELD, YOU UNDERSTAND THAT IT TAKES YEARS OF TRAINING AND EDUCATION TO REACH THAT LE VEL IN YOUR CAREER. YOU CAN AL SO understand why you need other professionals on your tea m to help you pla n for a nd protect your assets and create a plan for the use of those assets by you and your family. Your team should include a banker, an accountant, a financia l planner and an attorney. As you grow your practice, a banker can help by providing cash when you need it. Whether you need financing for the purchase of equipment and buildings or you want to buy a new home, persona lly knowing a ba nker ca n only benefit you in the long run. If you start your own practice, a banker can help with every thing from a line of credit for keeping a steady cash flow to specific accounts for various entities that may help with ta x, estate and liability plans. The next professional in your line-up should be a reputable certified public accountant (CPA). A good CPA can keep more money in your pocket by providing up-to-date planning and strategies to reduce your ta x liability. In other words, he or she should be able to provide proven ta x-saving tips a nd strategies for your upcoming ta x year that have helped other clients in the same line of work as yourself. Another specia list that should be on your list is a certified fina ncia l pla nner (CFP). A CFP ca n help you create a life plan for your finances. He or she can help you create goa ls and provide a road map to get you to those goa ls. A CFP can a lso create plans to weather the good and the bad that come with a volatile economy. Lastly, a good attorney ca n ser ve as the a nchor to your professiona l team. Not only can your attorney serve as your conf ida nt a nd adv isor for the ma ny situations in which you can find yourself in your long and winding journey as a professiona l, but he or she can a lso help create business entities to shield you a nd your practice from liability. A n attorney ca n help create a n estate pla n that ca n save you money, keep your affairs out of probate and keep your family safe. The right attorney can a lso advise you on premarita l agreements, divorce and probating a will. So ... sounds good, right? You need these professiona ls, but how do you go about finding them? First, ask friends, family and colleagues. Look for individua ls with certifications and specialties, just as you would expect your patients to do when they look for you. It is a lways a good idea to interview severa l candidates and be armed with questions that you would like answered. Even if you aren't quite ready or are just beginning your career, it is never too early to start planning. Fo r m o re info r m at i o n , v i s it tess m e rl awf ir m .co m o r call 210-368-9708. n Don't Settle for aMatEURS! BY HEATHER TESSMER 2 0❱❱❱❱❱ B U S I N E S S O F M E D I C I N E

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