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… Read More

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… Read More

Estate Planning Attorney Ted Gudorf explains What Is an Estate and What is Estate Planning? An Estate includes all the money – property that you own including homes, cars, collections & retirement accounts. It is a lifetime process, where I… Read More

Estate planning is about much more than disposing of your assets after your death. An important part of your estate plan deals with decision-making for your care during life, in the event that you are unable to make or express decisions for yourself.… Read More

By Ted Gudorf, JD, LLM It’s a realization we all come to at some point: our parents, who used to care for us, now themselves need care. How to care for an aging parent is a financial and personal conversation many adults will have, and it includes… Read More

Most people with disabilities or special needs qualify for government benefits such as Supplemental Security Income (SSI) and Medicaid. Indeed, many of them depend heavily on these benefits for their survival. Government benefits on their own are oft… Read More

For farming families, the farm is a major asset and a source of income; a legacy from previous generations, and an inheritance for future ones. But many families fail to put in place adequate farm succession planning and asset protection, which can j… Read More

Estate planning is important for all adults, regardless of assets. That said, certain situations call for more specialized planning than others; family farm estate planning is definitely one of those. A family farm is a source of income, a significan… Read More