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African american young couple holding hands happy to hear good news from doctor, black husband and wife feel relieved after reconciliation during therapy session listening to family marriage counsel

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
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Asset Protection - Umbrella Protecting Money from Rain

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
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Categories: Asset Protection
Piggy Bank Under Glass - Third-Party Discretionary Trust

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
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Three generations standing by cornfield on family farm

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
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Tax Planning Spelled with Blocks

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
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Medicaid Asset Protection Trusts

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
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Child Caretake Exception for Medicaid

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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How to Choose the Right Lawyer to Prepare Your Ohio Legacy Trust

As a high net worth individual who’s enthusiastic about preparing an Ohio Legacy Trust to shield your assets from creditors and predators, you want to choose an effective attorney to help you. This short essay can help you figure out your purpose a… Read More
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Categories: Asset Protection

Creating a Medicaid Asset Protection Trust

You’ve worked diligently over decades to save, plan for the future and protect yourself against various financial contingencies. Unfortunately, if you lack long-term care insurance, and you fail to establish an effective estate planning strategy, t… Read More
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Categories: Asset Protection

How to Protect Assets from the Nursing Home

Thousands of Americans need nursing home care every year. Many need this focused care because they are struggling with end of life illnesses or conditions that require constant skilled supervision. Nursing home care can be vital to preserving quality… Read More
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Testimonials

My husband and I first became acquainted with the Gudorf Law Group in late 2008. We had been working on estate plans for some time with our life insurance agent and his associated financial planner, but we had some questions that were outside their a… Read More
– Nancy K. Saks

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