Have you ever stood outside a shop, waiting for it to open, while staring through the window at the very thing you need? It’s right there, yet you have no access to it. If you have had this frustrating experience, you can probably imagine what it i…
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Over 1.4 million Americans, mostly elderly, live in nursing homes. Over 60 percent of those nursing home residents receive Medicaid benefits to pay for their care. No one likes to think about the possibility of needing long-term care, or not having t…
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Owners of a traditional IRA may consider converting their retirement account to a Roth IRA. If a possible Roth conversion has been on your mind, you may wonder if it makes sense at this time, and what the pros and cons of a conversion. In this blog p…
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If you’re thinking about financing your retirement, you may wonder how buying an annuity could fit into the picture. If you are wondering how to buy an annuity, where to buy an annuity, or simply whether or not you should purchase one, we have some…
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What do you do if you have a life insurance policy or annuity, and discover that another policy or annuity better meets your needs? Do you have to pay tax on the gains in your old policy before transferring the cash value to a new one? In many cases,…
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In 2019, the federal government passed the Setting Every Community Up for Retirement Enhancement Act—more commonly known as the SECURE Act, the predecessor to the SECURE Act 2.0. That legislation made important modifications to laws affecting retir…
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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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Ten states in the U.S. are classified as “community property” states, in which each partner in a marriage is considered to own half of the assets acquired during the marriage. Although community property jurisdictions constitute a small minority…
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Investing in real estate can be both lucrative and risky. While nothing can eliminate all the risk inherent in real estate investment, choosing the appropriate structure for your real estate business can minimize unnecessary exposure to risk. In Ohio…
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Like everyone, you have a vision for your future, and plans for how it will unfold. Unfortunately, the prospect of a divorce throws a wrench in those plans. You may need to change course regarding a number of objectives, including your estate plan. T…
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The Gudorf attorneys and paralegals are helpful, professional and thorough. The administrative personnel are friendly and eager to help. I highly recommend this group. Read More