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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If you have ever walked into a bank, you may have noticed signage that indicates that each depositor is insured to a certain amount by the Federal Deposit Insurance Corporation (FDIC). It’s likely that you’ve never given those signs—or the FDIC…
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If you’re the parent of a recent high school graduate or new college student, congratulations! This is an exciting time for both you and your child. You get to celebrate their achievements, and look forward to their bright future as they move into…
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Veterans who served our country during wartime deserve not only gratitude, but all the financial benefits to which their service entitles them. Unfortunately, many veterans are unaware of all of the benefits they qualify for. One of the most commonly…
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Avoiding probate is an important estate planning goal for many people. Although probate isn’t usually as burdensome as people fear, if you can transfer an asset more easily and directly, why not do so? Assets in a will have to go through probate, a…
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A qualified income trust, also known as a “Miller trust” or “qualifying income trust” is a legal arrangement that allows adults to qualify for Medicaid funds to pay for care. If you have researched the costs of long-term care, you know that i…
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If you are at or near retirement age, you have probably spent most of your adult life putting away money in your IRA and other retirement funds. While carefully saving, you probably envisioned how you would use the money in your golden years: to trav…
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Ted’s many years in public service has prepared him to be empathic to his clients. Always the professional, Ted really cares about the legal well-being of his clients. He clearly maps out alternatives and is very thorough in showing why he prop… Read More
– Don Chapin, President and Co-Founder of National Eligibility Solutions, National Eligibility Solutions, LLC, was with another company when working with Ted at Gudorf Law Group, LLC