» Asset Protection

What's the Best Way to Make a Gift to a Minor?

If you’ve been thinking about making a gift to a minor child or grandchild, you should first consider the pros and cons of gifts to minors. If you have weighed the advantages and disadvantages, and still want to make a gift, the next logical qu… Read More

Making Gifts to Minors: Pros and Cons

One of the great joys of having worked and saved for most of your adult life is the ability to share your bounty with the people you love, including children and grandchildren. If some of those loved ones are minors, you may be wondering about the wi… Read More

Why You Don't Need to Be Afraid of Irrevocable Trusts in Estate Tax and Asset Protection Planning

You probably know that trusts can be a great tool for avoiding probate, minimizing estate tax, and protecting assets. What you may not know is which type of trust is best for your purposes. In this blog post, we’ll take a look at irrevocable gr… Read More

Using Legacy Trusts for Prenuptial Planning

About half of marriages end in divorce, and second marriages are more likely to end in divorce than first marriages. What this means is that approximately half of all families are confronted with a situation in which assets need to be divided between… Read More

Ohio is One of Top States for Asset Protection

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

Third-Party Discretionary Trusts

There are many types of trusts, and they can be used to serve a variety of purposes: avoiding probate, minimizing taxes, protecting assets from creditors, providing for loved ones, and more. Your goal in creating a trust, and your circumstances, dict… Read More

Family Farms Need Asset Protection

Family-owned farms are more than just a business. They are a source of pride and connection as well as income. Unfortunately, in recent years it has been harder and harder for family farms to keep afloat. Many family farmers are so busy with the day-… Read More

Life Insurance: One of the Few Remaining Tax-Free Benefits

Life insurance allows you to make available to your heirs a significant amount of money upon your death. When life insurance benefits are paid to your designated beneficiary, they pass free of income tax. However, unless you take the proper estate an… Read More

The Benefits of Medicaid Asset Protection Trusts

Ideally, we’d all have the foresight and resources to plan ahead for the possibility of nursing home care in the future. The reality, of course, is that many of us don’t have long-term care insurance, and very few people have the ability… Read More

The Child Caretaker Exception: A Little Known Rule to Protect Your House from Medicaid

If you have looked into nursing home care for a loved one, you know that the cost of care in a facility is so costly that few people can afford to pay for it out of pocket for very long. As a result, many people must “spend down” assets i… Read More

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Testimonials

If a business owner, professional or other financially successful individual has a desire to protect assets from unnecessary taxes, lawsuits, other unforeseen events and transfer those assets to the next generation most efficiently, Ted Gudorf has an… Read More
– Clay Callahan, CRPC

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