Featured in the October Issue of Today’s Veterinary Business:
Peter Tanella, Esq., Chair of the National Veterinary Law Group and Jason Marx, Esq., Partner in the Trusts & Estates Practice Group at Mandelbaum Barrett PC, co-authored an article focusing on a critical topic for veterinary professionals: estate and business succession planning for practice owners.
Veterinarians face unique challenges when it comes to planning for the future—balancing patient care, business continuity, and personal legacy. Peter and Jason break down the key strategies practice owners must consider to protect their life’s work.
Key Topics Covered:
➡️ Estate Planning Essentials: Wills, trusts, powers of attorney, and guardianship provisions tailored for veterinarians.
➡️ Succession Planning: Preparing for retirement, disability, or sudden transitions with clear procedures and successor training.
➡️ Practice Valuation & Buy-Sell Agreements: Ensuring fair market value and smooth ownership transfers.
➡️ Asset Protection: Trusts, insurance, PLLC structures, and strategies to limit liability risks.
➡️ Selling the Practice: Comparing third-party sales vs. associate buy-ins and navigating CPOM regulations.
Their article emphasizes a universal truth: a thriving veterinary practice can lose value overnight without a well-planned transition.
For veterinarians, planning ahead isn’t just about business—it’s about protecting patients, staff, and legacy.
Read the full article in Today’s Veterinary Business.