Episode #206

20/20 Money Episode #206 – Estate planning considerations for practice owners: the importance and consequences of not acting with Ali Oromchian

October 17, 2022

Welcome to this episode of 20/20 Money! My guest on today’s show is Ali Oromchian. Ali is an attorney and founder of DM Counsel, a law firm based in the SF Bay area that serves medical professionals nationwide.

Ali joins me on the show today to revisit the ABCs and 123s of estate planning and the importance of not putting off a planning item that oftentimes see go neglected. We share some anecdotal stories of why you shouldn’t delay taking action, the differences between trust and will estate planning techniques and outcomes, and a nuance of beneficiary designations that can impact your planning. We then dive into some of the planning considerations that practice owners need to be aware of and what strategies you can consider to ensure that not only your family but also your team and patients are planned for accordingly in the unfortunate situation of something happening to you, the practice owner.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, be sure to subscribe to our newsletter and you can also set up a 20-30min Triage conversation to learn a little bit more about how we help OD practice owners around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions to help them live their best life on purpose or check out any number of additional free resources like our eBooks, blog posts, and on-demand webinars. If you’re interested in learning more about the upcoming launch of the 20/20 Money Community, please check out the link in the Resources to learn more about what we have in store for you. Lastly, this is again another personal ask to you, the listener, to take 30 seconds and leave us a 5 star review and positive feedback in your podcast player. That’s the biggest catalyst to this show getting found by more ODs just like you.

And with that introduction, I hope you enjoy my conversation with Ali Oromchian.

Resources:

Phone: 925-999-8200

www.dmcounsel.com

Integrated Planning’s Estate Planning Questionnaire

Episode Transcript

No transcript available yet.

Enjoy our content? Subscribe for regular updates!

Related Podcasts

  • Financial Organization, Financial Planning, Practice Management
20/20 Money Episode #265 – Being intentional with cash flow around year-end planing with Jackson Pace, CPA

Welcome to this episode of 20/20 Money! My guest on today’s show is Jackson Pace, founder of the Refractional CFO.…

  • Financial Organization, Financial Planning
20/20 Money Episode #264 – Year-end planning considerations (guest appearance on Power Hour podcast with Dr. Bethany Fishbein, OD)

Welcome to this episode of 20/20 Money! This is my guest appearance on The Power Hour podcast hosted by Dr.…

  • Financial Organization, Financial Planning
20/20 Money Episode #263 – Is owner-financing right for my practice? Guest appearance with Erich Mattei on Akrinos Access Live

Welcome to this episode of 20/20 Money! This episode is my guest appearance on Akrinos Access Live, a livestream hosted by…

  • Financial Organization, Financial Planning
20/20 Money Episode #257 -When Succession Planning and Partnerships are Strained…What’s The Next Best Step?? (with Nathan Hayes of IDOC)

Welcome to this episode of 20/20 Money! My guest on today’s show is Nathan Hayes with IDOC. Nathan joins me back on the…

  • Financial Organization, Financial Planning
20/20 Money Episode #256 – Successful implementation of VT in your practice with Dr. Heidi Bell

Welcome to this episode of 20/20 Money! My guest on today’s show is Dr. Heidi Bell, OD, FCOVD. Heidi is…

  • Financial Planning
20/20 Money Episode #250 – Finding out What Brings You Joy and Fulfillment at Work and What Frustrates You…and Removing That From Your Life with Dr. Pete Kehoe, OD

Welcome to this episode of 20/20 Money! My guest on today’s show is Dr. Pete Kehoe, OD. This intro is…