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Using GRATs and IDGTs for Estate Planning
June 24th, 2021
In our continuing series of blog posts on planning for possible tax changes under the Biden administration, we would be remiss if we did not take some time to discuss grantor retained annuity trusts (GRATs) and intentionally defective grantor trusts…
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Who We Serve And How We Can Help
June 21st, 2021
By Ted Gudorf, JD, LLM Just as you wouldn’t want a plumber wiring the electricity in your new home, you don’t want just anybody guiding you in your legal and financial life. With something that important, you want to experience the peace of mind…
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Completed Gift Domestic Asset Protection Trusts
May 21st, 2021
In recent blog posts, we have been discussing potential changes to tax law under the Biden administration, and tax strategies to deal with those changes. One very useful tax and estate planning strategy involves completed gift domestic asset protecti…
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Should Your Estate Plan Include a SLAT?
May 11th, 2021
Over the past couple of months, we have been discussing the federal estate tax law in this space, including the current state of the law, changes President Biden has proposed, and some general strategies to deal with possible changes to the federal e…
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Estate Tax Planning Strategies for the Biden Tax Changes
May 5th, 2021
In the first few months of President Biden’s administration, the focus has been on COVID-19 relief, voting rights, and infrastructure. But President Biden campaigned on changes to the tax system, and you can be sure that, sooner or later, the admin…
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How Will Estate Tax Law Change Under the Biden Administration?
April 29th, 2021
In recent years, tax policy has tended to change depending on which political party held the reins in Washington, D.C. These swings are problematic for people making long-term financial decisions; The increasingly dynamic nature of tax law offers a g…
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Meet Ted: Why I Specialize In Estate Planning
April 28th, 2021
By Ted Gudorf, JD, LLM As we move through life, we face all sorts of problems. Some of these challenges can be overcome on our own, but others need the help of professionals. When it came time for me to choose a career, I had one overarching goal—t…
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Federal Estate Tax: Current State of the Law
March 15th, 2021
When an individual dies, any assets they own could be subject to federal estate tax. However, under today’s laws, very few estates—only two in a thousand—are likely to pay federal estate tax. That figure could change significantly with the new…
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Nursing Home Residents’ Rights During COVID (and Beyond)
March 10th, 2021
You make the decision to help a family member move to a nursing home with your loved one’s best interests at heart, typically because they need a higher level of care than they can receive at home or in assisted living. That doesn’t mean the deci…
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Protecting Senior Investors From Exploitation: FINRA Rule 3241
February 15th, 2021
Senior investors are often especially vulnerable to exploitation by those who are obligated to protect their financial interests: financial advisors and brokers who provide financial advice and manage their investments. In a recent study, one in twen…
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