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Navigating Estate Planning for Multigenerational Families
April 16th, 2024
If you have created an estate plan to protect your spouse and children in the event of your death, you are already ahead of most people—the majority of American adults don’t have an estate plan. But if you have accumulated some wealth, or built o…
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Avoiding Estate Planning Scams
March 14th, 2024
If we’ve said it once, we’ve said it a thousand times: every adult needs an estate plan. But about two-thirds of Ohio adults don’t have a will or any other estate planning documents. Maybe they were busy and kept putting it off. Maybe they didn…
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Who Has the Right to Plan Funeral Services in Ohio?
February 20th, 2024
If you have ever had to plan funeral services for a loved one, you know that there are a lot of decisions to be made. Cremation or burial? Traditional funeral service, or celebration of life? Who will be invited to attend? Where will the final restin…
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The Elder Care Program at Gudorf Law Group
January 17th, 2024
Watching parents and other loved ones grow older and more frail can make you feel helpless. You want to protect them and care for them. You want to preserve their dignity. And you may worry about their finances and whether they will have the resource…
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Saving the Family Farm from the Nursing Home
December 22nd, 2023
The annual cost of nursing home care in Ohio can be more than $100,000, and is likely to increase with every passing year. That’s an unbearable financial burden for most families, including families that farm. When the expense of nursing home care…
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What Happens If I Inherit a House With a Mortgage?
November 15th, 2023
For many people, their home is the biggest asset they own. It’s also one of the most likely to be encumbered by debt (a mortgage), and to have great sentimental value. Those factors often lead to difficult decisions for heirs when the homeowner die…
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Estate Planning Post COVID
October 19th, 2023
More than three years after COVID-19 first appeared on the scene, many aspects of our lives and world have gone back to something approaching normal: we are dining in restaurants, traveling on planes, attending work and school in person. But some thi…
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What is an Inheritance or Probate Advance?
September 15th, 2023
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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Avoiding Issues When Applying for Medicaid
August 16th, 2023
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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Roth Conversion Rules
July 14th, 2023
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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