Episode 66: Practice Owners — Why You MUST Have a Will
Running a practice is more than a job — it’s your life’s work, your livelihood, and your legacy. But what happens to it if something happens to you? In this powerful episode, Estate Planning Attorney Elsa W. Smith speaks directly to practice owners — doctors, therapists, accountants, lawyers, and other professionals — about why a will is the bare minimum protection your practice (and your family) needs.
Through real-world examples, you’ll see what happens when professionals fail to plan: staff left without guidance, clients stranded without services, and families dragged through expensive court battles. You’ll also hear how simple steps — starting with a will — can prevent these crises and preserve everything you’ve built.
We’ll break down the unique risks practice owners face, why a will alone isn’t always enough, and what additional tools can keep your practice running smoothly no matter what.
We cover: 🔹 Why your practice is your most overlooked (and most valuable) asset 🔹 The bare minimum every practice owner needs: a will 🔹 Why trusts, powers of attorney, and succession plans matter 🔹 The devastating cost of doing nothing 🔹 Why practice owners procrastinate — and how to finally move forward 🔹 The concrete first steps you can take today
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DISCLAIMERS Information in this podcast is for educational purposes only and does not constitute legal advice or create an attorney-client relationship. Please do your own due diligence before hiring an attorney.
SPONSOR This podcast is sponsored by the Law Offices of Elsa W. Smith, LLC — a wills, estate planning, and probate firm serving Maryland and the District of Columbia. Learn more at elsawsmithlaw.com.
© 2025 Law Offices of Elsa W. Smith, LLC. All rights reserved.
