Estate Planning for Dermatologists

Dermatology has seen more private-equity activity than almost any other specialty. Many dermatologists now hold rollover equity in a platform, interests in a med spa, or a practice they plan to sell, alongside a home, retirement accounts, and young children. An estate plan has to account for all of it. Physician Planning Partners is an introduction service. We connect dermatologists with independent estate planning attorneys we select to partner with.

What makes a dermatologist's estate different

• Rollover equity and earn-outs. If you sold to a PE-backed group, part of your wealth may be illiquid equity with transfer restrictions. Your attorney should review those terms.
• Multiple entities. A medical practice, a management company, and a med spa may each have their own operating agreements and buy-sell terms.
• Dual-physician households. Many dermatologists are married to other physicians, which affects how assets are titled and how insurance is structured.
• Incapacity planning. If you can't practice, someone needs authority to manage the business, payroll, and patients right away.

Topics an estate attorney may review with you

1. Wills, revocable trusts, and guardianship for children.
2. How practice, med spa, and platform equity pass under your agreements.
3. Beneficiary designations on retirement plans and life insurance.
4. Durable powers of attorney and healthcare directives.
5. Charitable or legacy goals, if they matter to you.

Only a licensed attorney can advise on your situation, and state laws vary. The attorney we introduce works for you, not for Physician Planning Partners.

When to update your plan

Common triggers include getting married, having a child, buying into a practice, signing a letter of intent with a buyer, or receiving rollover equity. If your documents predate any of these, ask an attorney whether they need updating.

How the introduction works

1. Share your situation, including family, practice ownership, and existing documents.
2. We suggest an independent estate planning attorney we partner with.
3. You meet them directly and decide whether to engage.

Frequently asked questions

Do you draft estate documents?

No. Physician Planning Partners isn't a law firm. The attorneys we introduce do that work under their own license.

I sold part of my practice to private equity. Does that change my estate plan?

It often does, because rollover equity and earn-outs carry restrictions. An attorney can review the deal documents with your plan.

Can the attorney coordinate with my CPA and financial professional?

Yes, with your permission. We can introduce independent partners in each area if you need them.

Is there a cost for the introduction?

No. You pay the attorney directly if you engage them. We may receive compensation from partner businesses.

Physician Planning Partners is an introduction service, not a law firm, and this page is general information, not legal advice. See our disclaimer.