» Estate Planning

House Ways and Means Committee Unveils Tax Proposal

October 8th, 2021
Regular readers of this blog know that we have been on the lookout for tax changes on the horizon since the beginning of the current presidential administration. Reading the tea leaves of campaign promises and statements to the press, we have counsel… Read More

Using an Irrevocable Life Insurance Trust (ILIT) to Reduce Estate Tax

September 14th, 2021
Over the past few months in this space, we’ve been exploring possible changes to the estate tax under the Biden administration—and measures to minimize your tax burden. The discussion has included an alphabet soup of options including SLATs, DAPT… Read More

Valuation Discounts in Estate Planning: Are They Right for Your Business?

August 19th, 2021
“The whole is greater than the sum of its parts.” This well-known saying is the reasoning behind valuation discounts, a tool that can be used to reduce the value of a business interest for transfer tax purposes, including estate tax, gift tax, an… Read More

Testamentary Charitable Remainder Trusts

July 19th, 2021
Many people have expressed concern about possible changes to the federal estate and transfer tax, as tax changes frequently accompany a new presidential administration. Therefore, it is always a good idea to be aware of tax planning strategies such a… Read More

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… Read More

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… Read More

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… Read More

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… Read More

What is an Ohio Legacy Trust, and When Do You Need One?

October 19th, 2020
There are many types of trusts with different features designed to achieve different estate planning goals. Depending on the type, trusts can keep assets out of probate, prevent beneficiaries from wasting their inheritance, protect assets of benefici… Read More

How to Plan for Nursing Home Costs

July 23rd, 2020
There’s a bumper sticker that says, “Be nice to your kids—they’ll be picking out your nursing home.” But while the saying might be good for a laugh, your monthly nursing home bill sure won’t be. AARP has estimated that 35% of people who a… Read More
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