Business professionals include physicians, dentists, lawyers, accountants, engineers, architects, and any others whose income and wealth depend upon their professional and personal services. Capital is not usually responsible for their income; rather, the value of a professional practice is largely based on the services provided. Accordingly, issues like premature death, disability, and old age have a direct bearing on the financial security of the professional's business.

In many respects, the estate planning needs of the business professional are similar to those of the businessowner. While business transfer issues are not as common with professionals as with businessowners, the need to carefully plan for disposition of the professional practice at the professional's death poses its own critical challenges.

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