With the growing popularity of trusts in estate planning, including trusts that may last for two or three generations, creators of trusts may be concerned about how to ensure their intentions for the trust are honored. A trust protector or trust advi…
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Regular readers of this blog know that we have been on the lookout for tax changes on the horizon since the beginning of the current presidential administration. Reading the tea leaves of campaign promises and statements to the press, we have counsel…
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In recent blog posts, we have been discussing potential changes to tax law under the Biden administration, and tax strategies to deal with those changes. One very useful tax and estate planning strategy involves completed gift domestic asset protecti…
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Most of us work hard to provide for our families. But what happens to those hard-earned assets when a family is changed by divorce? The answer, too often, is that they end up going to a divorcing spouse. Planning for the possibility of a divorce—yo…
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Many people appreciate the convenience of “transfer on death,” or TOD, assets. TOD assets are typically investment accounts, but in Ohio, you can also designate vehicles and real estate to be transferred on death. Sometimes the terms “transfer…
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There are many types of trusts with different features designed to achieve different estate planning goals. Depending on the type, trusts can keep assets out of probate, prevent beneficiaries from wasting their inheritance, protect assets of benefici…
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If you’ve been thinking about making a gift to a minor child or grandchild, you should first consider the pros and cons of gifts to minors. If you have weighed the advantages and disadvantages, and still want to make a gift, the next logical qu…
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One of the great joys of having worked and saved for most of your adult life is the ability to share your bounty with the people you love, including children and grandchildren. If some of those loved ones are minors, you may be wondering about the wi…
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You probably know that trusts can be a great tool for avoiding probate, minimizing estate tax, and protecting assets. What you may not know is which type of trust is best for your purposes. In this blog post, we’ll take a look at irrevocable gr…
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About half of marriages end in divorce, and second marriages are more likely to end in divorce than first marriages. What this means is that approximately half of all families are confronted with a situation in which assets need to be divided between…
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Ted is an experienced and talented law practitioner. He is remarkably distinguished in the areas of estate planning, estate administration, business planning, and asset protection and is able to aptly serve his clients with skill and professionalism.… Read More
– Kellie Snyder, Marketing Intern, Gudorf Law Group, LLC, reported to Ted at Gudorf Law Group, LLC