Blog

How Section 179 Increase and Bonus Depreciation May Help Your Small Business

April 25th, 2018
Business owners know that when they purchase property for business use, such as a delivery truck or machinery for production, they can claim deductions for the purchase of that equipment as a business expense under Section 179 of the United States In… Read More

Interview with prominent Florida Attorney Craig Hersch

April 19th, 2018
In this podcast, Founding Attorney Ted Gudorf explains the reason he started Gudorf Law Group over 25 years ago and why it is one of Ohio’s fastest growing firms. He also explains how the firm’s unique focus on asset protection planning has reson… Read More

How Medicaid Compliant Annuities Work

December 27th, 2017
If you have needed to consider nursing home care for a family member, you are well aware of how expensive such care can be. Often, Medicaid funds are available to help pay for care, but they typically require the applicant to “spend down”… Read More

Succession Planning for Professional Practices

December 11th, 2017
For most business owners, their business is a source not only of income but of personal and professional pride. It may represent, aside from raising a family, the most significant achievement of their lifetime. Given the importance of the business in… Read More

Ohio is One of Top States for Asset Protection

November 30th, 2017
Once again, Ohio has been ranked as one of the top states for asset protection. Ohio is one of seventeen states that permit Domestic Asset Protection Trusts (DAPT). Nevada attorney Steve Oshins does an annual ranking of the states that have the most… Read More

Ohio Medicaid Changes Rules Regarding House Exemption

November 21st, 2017
Some recent changes to the Ohio Medicaid program may have escaped your notice at the time they took effect, but you should take notice if you or a loved one receives Medicaid in an Ohio nursing home or assisted living facility. The changes involve fi… Read More

How Do I Prepare My Trustee to Manage My Trust?

October 25th, 2017
When you create a living trust, most of the time you serve as the trustee during your lifetime, with a successor trustee taking over upon your death. Depending on the terms of the trust document, the trustee may distribute trust assets shortly after… Read More

How Much Life Insurance Do I Need in My Estate Plan?

October 18th, 2017
Life insurance: you know you need it, especially if you have minor children or other loved ones who depend on your financial support. Life insurance serves many functions in an estate plan, including providing a source of support to family, ensuring… Read More

Should You Have a Self-Directed IRA?

October 9th, 2017
Most people own a retirement plan of some type. It could be a traditional IRA, Roth IRA, Simple IRA, Traditional 401(k), Roth 401(k), SEP IRA, or 403(b). Very few people know that they can convert any of these retirement plans to a self-directed reti… Read More

What You Need to Know About Retiring to Another Country

September 25th, 2017
For decades, your career stretched out before you, with retirement seeming like a faraway dream on the horizon that might never arrive. Suddenly, that moment you’ve been saving for is rapidly approaching, and you are faced with the decision of… Read More
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