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Ohio Nursing Home & Long Term Care: The First Priorities of Late-Life Planning
August 24th, 2011
In Ohio, nursing homes and long-term care needs should be the first priorities of estate planning for folks over 65. Wills, trusts, and other estate planning tools that divide your estate amongst your heirs will mean little if your estate is consumed…
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Dayton, Ohio Estate Planning Attorney Welcomes You!
August 18th, 2011
Welcome to our new blog. After nearly 25 years of practicing law, I decided it would be fun to share with you some of my insights on the law in general, and specifically on the law as it pertains to estate planning and elder law. Last week a middle a…
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Asset Protection For Physicians and Professionals
August 18th, 2011
Asset protection for physicians and other professionals is extremely important because of the high risk for lawsuits natural to their profession. A successful lawsuit will gobble up hard-earned assets in short time. But a well-planned asset protectio…
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Protecting Inheritance from Divorce
August 18th, 2011
An Inheritance that is not properly protected can be divided between divorcing spouses in family court. If you leave an estate to your adult child and he or she gets divorced, the money and property you left behind could end up in the hands of your c…
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Assisted Living & Nursing Homes Costs: Protecting Your Assets from Reimbursement
August 18th, 2011
Assisted living and nursing home costs can be extravagant, eating away at your savings, assets and the inheritance you intend to leave for your family if measures aren’t taken to protect them. Because of the high expense of extended care, many elde…
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LLC’s and Limited Partnerships for Dayton and Ohio Asset Protection
August 18th, 2011
The use of limited liability companies and limited partnerships for Dayton and Ohio asset protection is a common strategy because these business structures protect family assets from business risks and protect business assets from personal liability.…
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Dayton Asset Protection Strategies: Free Your Assets From Creditors and Lawsuits
August 18th, 2011
Gudorf Law Group, based in Dayton, has asset protection strategies designed to protect a family’s assets in the event of an accident, business risk and other unexpected circumstances that may otherwise force a family to liquidate those assets to pa…
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Revocable Trusts — When to Use Them and Why
August 2nd, 2011
Revocable trusts and the assets they hold are less secure against lawsuits or nursing home expenses than irrevocable trusts because the trust creator has the ability to revoke the trust and regain ownership of the assets it holds. As a Dayton trust a…
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Family Farm Succession Planning: Gathering Your Team
June 1st, 2011
Family Farm Succession Planning: Gathering Your Team Family farm succession planning is critical to ensuring that your family’s farm is passed to your heirs quickly, equitably and with minimal arguments or disruption to farm operations. As a Dayton…
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Ohio Veterans — Benefits from Little-known Pension can Help Pay for Long-term Care Needs
May 24th, 2011
Ohio veterans, benefits from the Aid & Attendance pension for war veterans can help pay for in-home care, assisted living or a nursing home. As a lawyer focusing on estate planning, I find that few veterans are aware of these VA benefits and donâ…
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