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Using Your Tax Refund for Retirement Financial Planning

The tax filing deadline was delayed for three months in 2020 due to the coronavirus pandemic. As a result, many of those who filed their taxes in July have recently received their income tax refunds. A tax refund can feel like a windfall, and many pe… Read More

Can Family Farms Qualify for SBA COVID Disaster Loans?

As of this writing, we are closing in on nearly 5 million confirmed COVID-19 cases in the United States. The virus has taken a toll not only on the health of its victims, but on the health of the economy, especially small businesses. Many of those sm… Read More

Changes to Ohio Medicaid Law: Is Your Retirement Account a Countable Asset?

If you have ever considered nursing home care for a loved one, you know that it’s costly. In Ohio, a private room in a long-term care facility can cost over $100,000 per year. Even if you have saved carefully for most of your life, it’s likely th… Read More

How to Plan for Nursing Home Costs

There’s a bumper sticker that says, “Be nice to your kids—they’ll be picking out your nursing home.” But while the saying might be good for a laugh, your monthly nursing home bill sure won’t be. AARP has estimated that 35% of people who a… Read More

Should You Make Your Business an LLC or S Corporation?

One of the first decisions a business owner is faced with is what business entity they should choose for their company. For many businesses, the choice comes down to two options: a limited liability company (LLC) or S corporation. An S corporation is… Read More

How to Convert a C Corporation to an S Corporation (And Whether You Should)

Since the implementation of the federal Tax Cuts and Jobs Act (TCJA) a couple of years ago, our office has received many inquiries about the benefits of converting an existing C corporation to an S corporation. In this article, we will briefly discus… Read More

Is Now a Good Time to Refinance My Mortgage?

The coronavirus pandemic has wrought havoc not only with people’s health and day-to-day lives, but with their finances. Some people are looking for a financial silver lining to this dark cloud in the form of a mortgage refinance. With a recent drop… Read More

What's the Best Way to Make a Gift to a Minor?

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… Read More

Protecting Our Clients During the Coronavirus Pandemic

At Gudorf Law, our mission has always been to help our clients protect their families and prepare for future developments, whether anticipated or unforeseen. The current COVID-19/coronavirus pandemic has highlighted the need for planning and protecti… Read More

Making Gifts to Minors: Pros and Cons

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… Read More

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