Estate Tax Planning Opportunities for Healthcare and Medical Practices

Estate Tax Planning Opportunities for Healthcare and Medical Practices

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By Asif Charania, CPA/ABV/CFF, ASA, Valuation and Forensic Services Senior Manager | Healthcare Industry Team

Uncertain Times May Provide Gift and Estate Tax Planning Opportunities for Healthcare and Medical Providers

Like many businesses in recent months, healthcare entities are not immune from impact of COVID-19. While certain companies are thriving (e.g. vaccine developers and telemedicine platforms), many traditional healthcare providers are facing uncertainties (e.g. low patient census in nursing homes and patients declining elective procedures). While this uncertainty may continue for the rest of 2020, an estate planning opportunity exists for entities with good balance sheets who can weather the storm due to lower asset prices and market volatility.

Plan Now for Gift and Estate Tax Opportunities

To ensure that you are prepared to take advantage of potential opportunities, a review, refresher or even development of a whole new gifting or estate tax plan may be necessary now so that you may act quickly when opportunities present themselves.

In the article below, my colleague, Ann Ramage, and I have included some thoughts and ideas to get you started. We are here to help if you have questions on how to apply these strategies to your unique situation. Please reach out to your Keiter Opportunity Advisor or Email | Call: 804.747.0000.

Additional Accounting and Tax Resources for Healthcare Practices 

Keiter Healthcare Practices Blog


About the Author

Asif Charania conducts business valuation services for purposes of financial reporting relating to business combinations and goodwill impairment testing; litigation and shareholder disputes; estate, gift, and income taxes; mergers and acquisitions; employee stock ownership plans; transfer pricing; reorganizations and bankruptcies; marital dissolution; buy/sell agreements; and appraisal reviews. He has experience valuing complex securities such as preferred stock; convertible preferred stock; and employee stock options, warrants, and stock appreciation rights.

He serves clients in a variety of industries including technology, financial, construction, healthcare, retail trade, manufacturing, distribution, wholesale, government contracting, and professional services.

More Insights from Asif Charania, CPA/ABV/CFF, ASA


The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

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