--- title: Emergency Directive description: What happens to your practice if you become disabled, or if the unthinkable happens? Mary is here to help us understand how to plan for these possibilities image: https://www.jpatransitions.com/hubfs/Header%20Images/Files-banner.jpg --- **[Contact Us](https://jpatransitions-3431298.hs-sites.com/contact-us) ****[**LIST MY PRACTICE **](https://www.jpatransitions.com/list-my-dental-practice-dental-transitions)[![](https://www.jpatransitions.com/hubfs/JPA/Home/Header/call-gray.png) ![](https://www.jpatransitions.com/hubfs/JPA/Home/Header/call-black.png) 980.283.7355](tel:+9802837355)** [![JPATransitions23](https://www.jpatransitions.com/hs-fs/hubfs/JPATransitions23.png?width=455&name=JPATransitions23.png "JPATransitions23")](https://www.jpatransitions.com) ![](https://www.jpatransitions.com/hubfs/Header%20Images/Files-banner.jpg) # Emergency Directive ![Mary Fisher-Day](https://www.jpatransitions.com/hs-fs/hubfs/Mary%20Fisher-Day.png?width=100&height=100&name=Mary%20Fisher-Day.png) Author: Mary Fisher-Day, on April 08 2021 # Emergency Directive IF YOU WERE TO DIE OR BECOME DISABLED  TODAY, WHAT WOULD HAPPEN TO YOUR  PRACTICE?  By Mary Fisher-Day       We see it all too often: A Dentist/Practice Owner unexpectedly dies and leaves his/her family and team to work out details for the future of the practice with no  direction or plan to which they can refer.        You may ask why there is a problem if you have invested well and have good life insurance. This is a great question, and the answer relates to something most dentists do not consider: In not having an emergency exit strategy, you are throwing away another life insurance policy; the value of the practice. In addition,  and most importantly, you place your family and your team in the position of  making decisions for which they are not prepared and at the most vulnerable of  times while they are mourning your death.       The years of sacrifice you made to attend school and eventually own your own  dental practice can be wiped away in a matter of weeks.   **You can protect your family, team, practice ****value and your legacy ** The value of a dental practice will fall between 5 and 10 percent per week  upon the death or permanent disability of the dentist/practice owner?  When a dentist dies or becomes permanently disabled without an exit plan  and an emergency directive it is nearly impossible to protect the value of  the practice, in these situations, the practice is often sold off in pieces.       How do you prevent this from happening to your practice? By implementing an **Emergency Exit Strategy and an Emergency Directive. **Every Dental Practice  owner should have both.       You have the power right now to direct the transition of your practice and protect your Legacy.        See below a portion of what an Emergency Directive should contain. It should provide clear Instructions for obtaining and utilizing the following information and more.   - Names and contact information for essential decision maker.  - Location of every essential document needed.  - Contact information for Insurance Representatives and pertinent information  about policies  - Contact information for all Team Members.  - All essential Account Numbers and Passwords  - Practice Management Reports  - Personnel Records  - Tax Returns with depreciation schedules, Profit and Loss Reports and  balance sheets  - Banking and Credit Card information for business and personal accounts - Admin Login and passwords for all business and personal accounts (examples: Practice Management Software, Supply Company Account,  Email, Social Media Accounts, Amazon, etc.)  *All information and associated documents pertaining to your Emergency Directive should be kept in a secure location with appropriate passwords and  locks as needed. Share access to the Emergency Directive and associated  documents with only the following people: 1) A trusted financial or legal advisor,  2) A person you trust within your immediate family (spouse, sibling, parent,  grown child), 3) A trusted close family member or friend outside of your immediate family (this will be your point person or executor).  Mary developed the Emergency Directive to assist dentists with preserving their life’s work.   To obtain a more detailed checklist for the Emergency Directive go to:  [www.legacydentalcoach.com](http://www.legacydentalcoach.com)  You may purchase the Emergency Directive in a downloadable and fillable form  for $297 at: [https://thedentalbusiness.com/product/emergency-directive/](https://thedentalbusiness.com/product/emergency-directive/) ### Share : [![](https://www.jpatransitions.com/hubfs/social/faceboo-1.png) ](https://www.jpatransitions.com/blog/emergency-directive#) [![](https://www.jpatransitions.com/hubfs/social/Twitter.png) ](https://twitter.com/intent/tweet?url=https://www.jpatransitions.com/blog/emergency-directive) [![](https://www.jpatransitions.com/hubfs/social/linkedin-1.png) ](https://www.jpatransitions.com/blog/emergency-directive#) [![](https://www.jpatransitions.com/hubfs/social/Google-Plus.png) ](https://plus.google.com/share?url=https://www.jpatransitions.com/blog/emergency-directive) [Next post ** ](https://www.jpatransitions.com/blog/make-or-break-moments-a-letter-to-buyers) ![Mary Fisher-Day](https://www.jpatransitions.com/hs-fs/hubfs/Mary%20Fisher-Day.png?width=100&height=100&name=Mary%20Fisher-Day.png) *Written by* #### [Mary Fisher-Day](https://www.jpatransitions.com/blog/author/mary-fisher-day) With over 30 years in the dental industry, Mary helps doctors laser focus on their business, define their message and reach new levels of success. She is a transition consultant for JPA Dental Transitions and the owner of The Dental Business. [![linkedin](https://cdn2.hubspot.net/hubfs/2550933/Blog-post-images/linkedin-1.png)](https://www.linkedin.com/in/maryfisherday/) ## Comment ### Subscribe to Email Updates ### Recent Posts ### Posts by Topic - [Selling a Practice (20)](https://www.jpatransitions.com/blog/tag/selling-a-practice) - [Practice Transitions (14)](https://www.jpatransitions.com/blog/tag/practice-transitions) - [Buying a Practice (12)](https://www.jpatransitions.com/blog/tag/buying-a-practice) - [Associateship (4)](https://www.jpatransitions.com/blog/tag/associateship) - [jpa blog (2)](https://www.jpatransitions.com/blog/tag/jpa-blog) ## ALREADY FOUND YOUR PRACTICE? ### We can accelerate the process, contact us to learn more about our legal representation services for dental or veterinary practice buyers. 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