As a dental principal, your practice is likely your largest financial asset. You spend decades building goodwill and value. Yet, many practice owners have no legal plan in place should sudden illness, incapacity, or unexpected tragedy strike.
Without tailored estate planning, a practice can rapidly descend into operational chaos—putting patient care, staff salaries, and family wealth at risk.
Essential Protection for Dental Principals:
- A Practice-Specific Will: Standard wills often fail to address how business assets, shares, or goodwill should be handed over or sold upon death.
- Lasting Power of Attorney (LPA) for Business: Appointing trusted individuals who have the legal authority to sign payroll, pay suppliers, and maintain practice operations if you are temporarily incapacitated.
- Special Executor: Appointing a dental colleague within 28 days of death or incapacity to take over the NHS contract and avoid its termination.
- Protecting Goodwill for Your Family: Ensuring your estate can seamlessly execute a sale or transition so your family receives the full valuation of your life’s work.
The Jacobs Legal Approach: We understand both personal estate law and the specific regulatory structure of dental practices. We ensure your personal wealth and business continuity are seamlessly aligned.
Protect your family and your life’s work. Book a confidential consultation with our Wills & Probate specialists today