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How to Leave an IRA to Heirs
December 22nd, 2022
Retirement assets, including Individual Retirement Accounts (IRAs), often make up a large part of a deceased person’s estate. Retirement accounts are also, unfortunately, one of the biggest sources of estate-planning errors. The rules about distrib…
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Setting Up an LLC for Real Estate Investing
November 16th, 2022
Investing in real estate can be both lucrative and risky. While nothing can eliminate all the risk inherent in real estate investment, choosing the appropriate structure for your real estate business can minimize unnecessary exposure to risk. In Ohio…
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A Guide to Divorce and Estate Planning
October 20th, 2022
Like everyone, you have a vision for your future, and plans for how it will unfold. Unfortunately, the prospect of a divorce throws a wrench in those plans. You may need to change course regarding a number of objectives, including your estate plan. T…
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2022 Updates: FDIC Insurance for Trusts
September 14th, 2022
If you have ever walked into a bank, you may have noticed signage that indicates that each depositor is insured to a certain amount by the Federal Deposit Insurance Corporation (FDIC). It’s likely that you’ve never given those signs—or the FDIC…
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3 Legal Documents College Students Should Have
August 15th, 2022
If you’re the parent of a recent high school graduate or new college student, congratulations! This is an exciting time for both you and your child. You get to celebrate their achievements, and look forward to their bright future as they move into…
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Veterans’ Aid and Attendance Benefit Guide
July 20th, 2022
Veterans who served our country during wartime deserve not only gratitude, but all the financial benefits to which their service entitles them. Unfortunately, many veterans are unaware of all of the benefits they qualify for. One of the most commonly…
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Case Study: Estate Planning Process at Gudorf Law Group
June 17th, 2022
If you’re reading this, you probably already know that you need an estate plan, or need to update the one that you have. But you might not be sure where to start, or what the process involves. If so, you’re not alone: a recent study found that on…
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Payable on Death Account vs. Transfer on Death Account
May 13th, 2022
Avoiding probate is an important estate planning goal for many people. Although probate isn’t usually as burdensome as people fear, if you can transfer an asset more easily and directly, why not do so? Assets in a will have to go through probate, a…
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What is a Qualified Income Trust?
April 28th, 2022
A qualified income trust, also known as a “Miller trust” or “qualifying income trust” is a legal arrangement that allows adults to qualify for Medicaid funds to pay for care. If you have researched the costs of long-term care, you know that i…
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Benefits of a Standalone Retirement Trust in Ohio
March 23rd, 2022
If you are at or near retirement age, you have probably spent most of your adult life putting away money in your IRA and other retirement funds. While carefully saving, you probably envisioned how you would use the money in your golden years: to trav…
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