Repair The Roof, a legal podcast hosted by Ted Gudorf of Gudorf Law Group, LLC. The show focuses on legal issues relating to estate planning, wills and trusts, elder law and other business topics, especially related to people and families in Ohio. Ted will teach you about protecting your family legacy through comprehensive estate planning and asset protection.
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Moving On Mama: Long-Term Care Planning is about helping mature women, particularly those tail-end baby boomers aka Generation Jones women, plan for long-term care with a myriad of options that include self-funding, traditional long-term care insurance, hybrid life insurance with long-term care rider, hybrid long-term care annuities, health savings accounts (HSA's), trusts, and more. This show will encourage younger baby boomer women to overcome the fear and procrastination common with long- ...
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Ep. 23: Understanding Ohio Property Taxes
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Get ready to unravel the complex world of property taxes in Ohio with Attorney Ted Gudorf. This episode will leave you better informed and prepared for the ever-changing property tax landscape. Ted walks us through the recent surge in property values, breaking down what this means for you as a property owner, and how it differs from your home's res…
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Ep. 22: 7 Key Trust Assets and How to Effectively Fund Them Into Your Trust
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Listen in as Attorney Ted Gudorf guides you through the complexities of funding a trust, in the latest episode of the Repair the Roof Podcast. This episode is dedicated to discussing the vital importance of fully funding your estate plan. Ted highlights the top seven items to transfer into your trust, the paperwork involved, and the legal implicati…
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Ep. 21: Trusts 101: Understanding the Basics of the Four Essential Trusts We Create for Our Clients
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Our host, Attorney Ted Gudorf unravels the intricacies of trust types and estate planning. He starts by examining the key distinctions between the types of trusts frequently created at Gudorf Law Group, and how these different trusts can protect your assets from lawsuits, creditors, bankruptcy, and divorces, and even provide a shield against Medica…
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Ep. 20: The Perilous Pitfalls: Navigating The 5 Major Estate Planning Blunders
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Are you prepared for the future of your estate? Our host, Attorney Ted Gudorf is here to help you avoid the five major estate planning blunders that could impact your family. In this episode, he tackles the skyrocketing cost of long-term care, as 10,000 individuals turn 65 every day and the probability of needing such care increases. Discover Gudor…
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Ep. 19: Revocable Living Trust Essentials: The 10 Must-Have Provisions for Success
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Discover the essentials of revocable living trusts with our host, Attorney Ted Gudorf, as he guides us through the 10 must-have provisions for success in a revocable living trust in Episode 19 of the Repair the Roof Podcast. Learn how to create a solid trust that not only protects your estate but also simplifies matters for your loved ones in case …
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Ep. 18: The Inheritance Dilemma: Can Credit Card Debt Be Passed Down to Heirs
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Have you ever wondered what happens to your debts when you pass away? How can you protect your estate and your loved ones from being burdened by these debts? In this eye-opening episode of the Repair the Roof Podcast, our host Attorney Ted Gudorf dives into the inheritance dilemma and discusses the different types of debt that can impact heirs when…
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Ep. 17: Nailing the Essentials: 10 Must-Discuss Topics for Married Couples Before Meeting an Estate Planning Attorney
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Have you yet found yourselves discussing estate planning and elder law basics as a couple? It's time to get serious about these critical topics, and Attorney Ted Gudorf is here to guide you through it all. He covers everything from having a conversation about your estate plan goals, to sharing information about assets, income, and debt, and even de…
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Ep. 16: Demystifying General Power of Attorney: Legal Insights for Effective Planning
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Our host, Attorney Ted Gudorf explains the importance of a General Power of Attorney in your estate planning journey, as he breaks down the differences between general and healthcare powers of attorney and explores the pros and cons of using a springing power of attorney. Get clear on Ohio's Uniform Power of Attorney Act, designed to bring clarity …
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Ep. 15: The Great Debate: Understanding the Key Differences Between LLCs and S-Corps Part 1
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Is it better to create a limited liability company or establish a corporation? Each has its own pros and cons depending on whether you are an independent contractor, a small business, or a real estate investor. In part 1 of this two-part discussion, Attorney Ted Gudorf explains the key differences between LLCs and S-Corps. Members make up a limited…
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Ep. 14: Demystifying 1035 Exchanges: Your Ultimate Guide to Insurance Contract Transfers
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1035 Exchanges, or Rollovers, are an underutilized provision of the Internal Revenue Code which allows owners of annuities or life insurance policies to roll them over on a tax-free basis for brand-new policies with added features and benefits. Listen in as Ted dives deep into how to take advantage of yet another powerful tool to avoid having to pa…
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Ep. 13: The Power of 1031 Exchanges: Saving Taxes and Growing Wealth
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Two of the best options for realizing a substantial gain and eliminating capital gains tax on the sale of an investment property are through the sale of your personal residence or an installment sale. A third option to help you save on taxes and grow your wealth is to take advantage of 1031 exchanges, or rollovers. Listen in as Attorney Ted Gudorf …
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Ep. 12: Irrevocable Trusts 101: Understanding the Basics and Beyond
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There’s often a lot of confusion between the different types of irrevocable trusts, even as more and more people are forming them today. A trust is a relationship between a trust-maker and a trustee, and there are specific terms that the trustee is expected to follow. As a general rule, a trust can either be revocable or irrevocable. A revocable tr…
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Ep. 11: Capital Gains Tax Made Simple: Key Concepts and Examples
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In 2018, the federal government collected over $170 billion in capital gains taxes. With all the economic turbulence we continue to experience in 2023, it’s more important than ever to understand the key concepts of capital gains tax to be better equipped to preserve our wealth. In this episode of Repair the Roof, Attorney Ted Gudorf defines the te…
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Ep. 10: 2023 Federal Estate And Gift Tax Basics
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If you give gifts on an annual basis, it’s important to know the rules to avoid ending up crossways with the Internal Revenue Service. For those with large estates, there is an exciting opportunity to do some planning prior to the sunset provisions kicking in on January 1, 2026, which will substantially change the laws. While today’s discussion foc…
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Ep. 9: Understanding Asset-Based Long-Term Care: What it is and How it Works
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With the number of baby boomers rising, more men and women are struggling to find appropriate ways to provide for long-term care. In Dayton, Ohio, it’s not unusual in 2023 to see assisted living care costs go as high as $8500 per month, and it’s not unusual to see nursing home costs exceed $12000 per month. With a medical inflation rate that is abo…
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Ep. 8: Medicaid Planning 101 - How to Use It to Pay For Long-Term Care
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In this episode of Repair the Roof, Attorney Ted Gudorf offers his best advice on navigating the rising costs of long-term custodial care by laying out the basics of crisis Medicaid planning. Many of us across the country have had family members in need of long-term care. Over the last several years, there has been a rising cost for this care, whet…
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In this episode of Repair the Roof, Attorney Ted Gudorf discusses four basic yet essential steps to protecting your assets. It is becoming increasingly popular for estate planning clients to want to protect their assets from potential creditor claims, whether from lawsuits or other creditor-type actions including bankruptcy and nursing homes. How l…
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Ep. 6: Why Asset Alignment Is So Important to Your Estate Plan
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In this episode of Repair the Roof, Attorney Ted Gudorf discusses why asset alignment, or funding, is key to having an effective estate plan. Asset alignment revolves around making sure that the assets you own are properly titled, whether in the name of your revocable trust, your irrevocable trust, your limited liability company (LLC), or your indi…
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Ep. 5: The Three Legal Documents You Need to Have to Make Sure Your Medical Wishes are Taken Care of
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In this episode of Repair the Roof, Attorney Ted Gudorf discusses the three legal documents you need to have to make sure your medical decisions are taken care of, whether you’re 18 years old and going off to college, or 95 years old and in a nursing home. It is extremely important to be clear about whom you want to make medical decisions for you w…
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Ep. 4: What to Expect at Your Initial Goals & Responsibility Meeting
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In this episode of Repair the Roof, Attorney Ted Gudorf discusses what to expect at your initial goals and responsibility (G&R) meeting. This is the second step in the process after you have completed and submitted the client organizer. He unpacks the first conversation you will have with a member of our legal team: what questions you are going to …
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Ep. 3: How to Choose the Right Estate Planning Attorney
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In this episode of Repair the Roof, Attorney Ted Gudorf talks about how to select an estate planning attorney, outlining the eight questions you should ask when hiring one, and why you should ask them. The first thing to ask is, Are you a board-certified specialist in estate planning, trust, and probate law? The process is fairly extensive and so m…
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Ep. 2: A Will vs. A Trust. Which Do You Need?
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In the second episode of Repair the Roof, Attorney Ted Gudorf explores the differences between wills and trusts. A will, he explains, is a legal document where you provide a set of instructions on how you want to handle your estate when you pass away. It functions after your death and provides you with nothing before it. It only encompasses that wh…
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Ep. 1: Estate Planning Attorney Ted Gudorf's Inaugural Episode: Repair The Roof
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Attorney Ted Gudorf kicks off the inaugural episode of Repair the Roof with a bit of his own story. One of 11 children, his parents weren’t able to attend college themselves, but certainly wanted their kids to. This inspired Ted to motivate others, which he does through estate planning. When his dad developed Alzheimer’s after his mother’s death, h…
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Welcome to Repair The Roof Estate Planning Podcast with Attorney Ted Gudorf
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Welcome to the Repair the Roof Podcast! It's named after President Kennedy’s famous quote: “The time to repair the roof is when the sun is shining.” The Repair the roof podcast is about all things estate planning and elder law. Your host Attorney Ted Gudorf is board certified in Estate Planning and Elder Law. Gudorf Law Group has been practicing in…
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This episode further elucidates the macro-level impact of politics on your long-term care planBy Emalyn Glenn
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This episode breaks down levels of wealth based on your investable assets, and why it is vital for you to invest in the services of a financial advisor to retain or maximize your wealth in the face of economic uncertaintiesBy Emalyn Glenn
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In light of current intraparty and interparty wrangling in Congress over social spending and how it should be paid for, this segment takes a look at Medicare v Eldercare, "a big issue finally resolved" in the words of American attorney and Democratic politician, Rep. Morris K. Udall, 2nd District of Arizona, from March 31, 1965.…
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Macro-Level Factors That Impact Long-Term Care
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In this episode, host Emalyn Glenn discusses the impact government ideology and policies has on human infrastructure spending, with emphasis on elder quality of care.By Emalyn Glenn
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Annuities specialist, Chauntelle Hardin, explains to listeners how annuities might fit into a long-term care plan.By Emalyn Glenn
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This segment is a reminder to be thankful if you can afford to fund your long-term care plan. Remember, many others can't.By Emalyn Glenn
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Financial Advisor, David Snyder, of Ameriprise Financial Services, LLC focuses on Options 1 and 2, Self-Funding and Long-Term Care Insurance, in long-term care planning. You will learn the pros and cons of each relevant to your long-term care planBy Emalyn Glenn
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Health Savings Accounts and Trusts round out the informational series on funding options for long-term care planning. HSAs are predicated on employment; some 43% of companies offer them. The greatest benefit of HSAs, arguably, is their tax-advantaged status - which is great for those who self-fund long-term care expenses. The downside is out-of-poc…
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Long-Term Care Annuities is the focus here in your LTCP. The host reflects on Helen Reddy, whose anthem, "I Am Woman" touched a chord with so many Generation Jones women who were adolescents when this song came out. I Am Woman inspired the possibilities of "what could be" for all women along the spectrum.…
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We examine Long-Term Care Life Insurance as a means for funding your LTCP. You will learn how this plan and its associated options work, along with advantages and disadvantages.By Emalyn Glenn
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Option 2: Traditional Long-Term Care insurance
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Traditional long-term care insurance is another consideration for LTCP. You will learn what long-term care insurance is, how premiums are determined, the best time to buy, what it covers, tax consequences, and the viability of selecting this option for your LTCP.By Emalyn Glenn
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This episode details how the show will be structured. The first six episodes of Moving On Mama, (M O M), will be more information-based to give you, the listener, an idea of ways or options to fund your LTCP. Self-funding is the first option discussed in this segment, and you will also learn the various elements of long-term care. The host will con…
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Episode 1 of Moving On Mama: Long-Term Care Planning talks about the purpose of the show which is to encourage tail-end Baby Boomer women, aka Generation Jones, to overcome the fear and procrastination common with long-term care planning by learning from those who can walk them through the process. You may be a single, married, divorced, or widowed…
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