You may want to consider some financial issues before walking down the aisle again.
A discretionary trust is a type of trust that can be established on behalf of one or more beneficiaries.
If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility. While you have the option of declining the request, the person reaching out likely considers you to be responsible and detail oriented. An executor of an estate typically helps file paperwork, close accounts and distribute the assets of the deceased.
Building and living off a nest egg is tough. However, you can make the situation even more difficult if you run afoul of some key laws governing retirement accounts.
Given their salaries and the chances of getting sued, physicians should strongly consider estate planning early in their careers.