FAQs on Ohio Legacy Trusts and Asset Protection

Q: What Is an Ohio Legacy Trust? A: An Ohio Legacy Trust is an estate planning tool used by high net worth individuals and business owners to protect their assets from creditors who may come after them in the future. The trust can be funded with the… Read More

Getting Married Soon? Starting a New Business? A Powerful, Little Known Tool Can Bound Your Risks

Managing risks is part of curating wealth. Whenever you engage in a major life transition, whether you’re tying the knot, starting a new business partnership or engaging in a risky but hopeful philanthropic venture, you want to bound your risk and… Read More

What If the Government Comes After Your Business and Its Assets? [A Surprising Safety Net]

Your business may be extremely productive and profitable right now, but will you always be in this position? Ideally, yes. However, as a savvy entrepreneur/owner, you know that you cannot predict future risk based on present forecasts. You must expec… Read More

Can You Trust Your Children with Your Wealth? [If Not, What Can You Do about It?]

Whether you accumulated your fortune through savvy business relationships, or you inherited sizeable assets (or both!), you naturally want to share this wealth with your children and possibly use it to help them in their own ventures. This sentiment… Read More

Asset Protection Tip: Protect Your Ohio Business from "Black Swans" with a Little-Known Investment Tool

You never know what sort of amazing serendipity or unexpected catastrophe will befall your business. That’s part of the fun and part of the challenge. You might get sued. You might get a surprising surge of new business. You might find your busines… Read More

5 Life Insurance Setbacks and Mistakes That Ohio Farmers Should Know About

As an Ohio farmer who has weathered everything from employee challenges to crazy weather to wildly shifting market conditions, you understand the importance of hedging your bets and creating backup plans. In fact, one reason why you’re interested i… Read More

Disaster in the Field: How to Revise Your Ohio Estate Plans If Devastation Hits Your Farm

Owning a farm carries fundamental risks. As any business owner will tell you, the name of the game is not necessarily eliminating risks altogether but rather developing contingencies to handle them as well as plans that are flexible enough to withsta… Read More

3 Powerful Strategies to Help Your Ohio Farm Hedge Against Setbacks

A bad harvest, a disgruntled employee, a takeover bid from a larger agro business, a sudden illness, or dozens of other crises might be waiting to afflict your farm and throw your business into chaos. What can you do to prepare? Here are three time-t… Read More

Unexpected Setbacks That Can Undermine Your Ohio Farm Estate Planning

Ohio farmers understand that they must plan for a variety of contingencies to protect crops, keep animals healthy and clean, and maintain business operations, day-to-day. Setbacks are just part of the game. A crop may fail for unexpected reasons, suc… Read More

More Thoughts to Ponder When Forming a Distribution Plan for Your Ohio Farm

Estate Planning Attorney Ted Gudorf explains the fundamentals of forming a distribution plan for an Ohio farm at a filled-to-capacity farm planning seminar. First off, compile a list of debts and assets, personal and business, that could be relevant… Read More