Blog

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

April 13th, 2015
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

March 2nd, 2015
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

February 4th, 2015
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

January 21st, 2015
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

January 6th, 2015
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

December 15th, 2014
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

Tactics to Maximize How Much of Your Ohio Farm Will Go to Those You Love and Trust

December 2nd, 2014
To create a great distribution plan for your Ohio farm, you need to maximize what you’ve got to distribute. If you plan poorly, harsh taxes and aggressive creditors can drain the estate, leaving you with little to pass on to your heirs. To that end… Read More

How to Equalize Gifts Among Heirs to Your Ohio Farm

November 17th, 2014
Let’s say two of your children are actively engaged in the day to day business of your farm, plowing fields, taking care of animals, and working in the back room doing the paperwork, keeping your business in the black and safe from legal issues… Read More

Developing a Distribution Plan for Your Ohio Farm: The Fundamentals

October 27th, 2014
Over the next several posts, we’re going to tackle an essential topic to educate Ohio farmers who want to protect their heirs, minimize the chances for unfortunate tax consequences, and ensure peace of mind for the family and everyone else touched… Read More

Attention Farmers! You’re Not "Too Busy" to Start Planning Your Estate

October 7th, 2014
Life is busy when you run an agricultural business. Day to day activities — such as planting, harvesting, caring for animals, maintaining property, refining farming methods and recruiting great people — all take time and energy. It’s easy t… Read More
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