Ted Gudorf - Podcast Details

Shows

Repair The Roof - Estate & Retirement Planning PodcastThis Hidden $2.3M Retirement Gap Could Derail Your Future | The Limitless Retirement Podcast👉Get Your Free Retirement Assessment: https://gudorffinancial.com/get-startedAre you retired or getting close to it—and worried about whether your money will last? In this eye-opening training, Danny Gudorf, fiduciary financial planner and founder of Gudorf Financial Group, reveals 3 powerful retirement planning secrets that most advisors either don’t know or won’t share.TakeawaysThere's a hidden $2.3 million retirement gap that many face.The average investor's return is significantly lower than the market.Market dips can be detrimental for retirees withdrawing funds.Traditional withdrawal strategies are outdated and risky.Healthcar...2025-07-2618 min

Repair The Roof - Estate & Retirement Planning PodcastProtect Your Assets from Nursing Home Bills—Even If You Think It Is Too Late | Repair The Roof Podcast 👉Get started on your estate plan—watch our, on-demand workshop: https://www.daytonestateplanninglaw.com/what-we-do-and-how-we-help-webinar/ Estate Planning and Elder Law specialist Ted Gudorf delves into the rising financial burden of nursing home care, detailing the typical missteps families make and sharing effective approaches to shield assets. He stresses seeking qualified help and answers common questions and myths surrounding elder law. ======================= TakeawaysMany families are worried about the high costs of nursing home care.Proper planning can protect a significant portion of family assets.Long-term care costs are rising rapidly, making planning es...2025-07-2210 min

Repair The Roof - Estate & Retirement Planning PodcastThe Ohio Estate Planning Guide Audio Book | Repair The Roof Podcast👉Get started on your estate plan—watch our, on-demand workshop: https://www.daytonestateplanninglaw.com/what-we-do-and-how-we-help-webinar/ This conversation emphasizes the critical importance of updating your estate plan to ensure it meets your current needs and protects your loved ones. It covers the differences between wills and trusts, the implications of probate, the impact of legal changes on estate planning, and the necessity of powers of attorney and health care directives. The discussion highlights the need for regular reviews and consultations with knowledgeable professionals to maintain an effective estate plan. =======================Takeaways Updating your estat...2025-07-192h 13

Repair The Roof - Estate & Retirement Planning PodcastStop Saving! Buy These 5 Things BEFORE Retirement | The Limitless Retirement Podcast👉Get Your Free Retirement Assessment: https://gudorffinancial.com/get-started Danny Gudorf, a financial planner, discusses the importance of strategic spending before retirement. He emphasizes that making certain purchases can enhance the retirement experience and provide financial security. Danny outlines five critical purchases to consider: health and dental work, purchasing a retirement home, tackling home repairs, buying a reliable vehicle, and booking bucket list trips. He also delves into the psychological challenges retirees face when transitioning from saving to spending, highlighting the importance of intentional spending to improve overall retirement satisfaction.TakeawaysStrategically spen...2025-07-1511 min

Repair The Roof - Estate & Retirement Planning PodcastMortgage Advice You Can’t Miss — Interview with Todd Nerlinger From Union Savings | Repair The Roof Podcast👉Get started on your estate plan—watch our, on-demand workshop: https://www.daytonestateplanninglaw.com/what-we-do-and-how-we-help-webinar/ Todd Nerlinger of Union Savings Bank breaks down today’s mortgage market—interest rates, loan options like blanket, bridge, and asset dissipation loans—and guides first-time buyers through the process.=======================TakeawaysThe mortgage market is currently tight with low inventory.Interest rates are volatile and influenced by various factors.Most borrowers prefer fixed-rate mortgages over variable rates.Buying down interest rates can be beneficial but requires careful consideration.Credit history is as important as credit scores in mor...2025-07-0845 min

Repair The Roof - Estate & Retirement Planning Podcast5 Myths Keeping You Stuck at Work Past 60! | The Limitless Retirement Podcast👉Get Your Free Retirement Assessment: https://gudorffinancial.com/get-started Think you’re all set for retirement because you’ve rung up a hefty nest egg? Think again! Danny Gudorf points out that many folks with “enough” saved still drag their feet when it’s time to clock out—thanks to arbitrary rules of thumb and nagging doubts. He breaks down the three sneaky reasons we stall, then dishes out five practical moves to flip the switch from “saving more” to “earning smarter.” Tailor these ideas to your life, and you’ll be sipping piña coladas in retirement way so...2025-07-0112 min

Repair The Roof - Estate & Retirement Planning Podcast8 Questions to Ask Before Choosing an Estate Planning Attorney | Repair The Roof PodcastThinking about estate planning? Ted Gudorf lays out exactly why your choice of attorney can make or break your plan. In this must-hear conversation, he shares eight pointed questions you need to ask every estate planning lawyer—from how they charge to how much experience they have. He also explains why setting up a trust is essential and why ongoing legal support isn’t optional—it’s critical.=======================TakeawaysChoosing the right estate planning attorney is critical.Ask the right questions before hiring an attorney.Board certified attorneys have exceptional knowledge.Understanding attorney...2025-06-2411 min

Repair The Roof - Estate & Retirement Planning PodcastThe Truth About Retiring with $1M (Surprising Results from Case Study) | The Limitless Retirement Podcast👉Get Your Free Retirement Assessment: https://gudorffinancial.com/get-startedIn this conversation, Danny Gudorf discusses the viability of retiring with a million dollars, using a real client case study to illustrate effective strategies for optimizing retirement income. He emphasizes the importance of strategic management of investments, withdrawal rates, social security optimization, and tax efficiency to ensure a comfortable retirement. The discussion highlights that the amount saved is only one factor in retirement success, and how money is managed can significantly impact outcomes.TakeawaysA million dollars can still provide a comf...2025-06-1821 min

Repair The Roof - Estate & Retirement Planning PodcastShould Your Estate Plan Have Separate Share or Preservation Trusts? | Repair The Roof PodcastIn this episode, Ted Gudorf highlights the importance of protecting family wealth through trusts, specifically focusing on separate share trusts and preservation trusts. He explains how these irrevocable trusts can shield assets from creditors, lawsuits, and other financial risks, ensuring that wealth is preserved for future generations. Ted provides real-world examples to illustrate the benefits of each trust type and offers guidance on choosing the right trust based on individual family situations.=======================Takeaways70% of inherited wealth disappears by the second generation.Separate shared trust and preservation trust are key strategies.I...2025-06-1013 min

Repair The Roof - Estate & Retirement Planning PodcastWhy Your Family Needs a Multi-Client Family Office? | Repair The Roof Podcast👉Get Your Free Retirement Assessment: https://gudorffinancial.com/get-startedIn this conversation, Ted discusses the critical importance of integrated financial planning, highlighting the common pitfalls individuals face when their financial advice is not coordinated with their estate, tax, and investment plans. He introduces Gudorf Financial Group's unique approach, which combines various financial experts under one roof to provide a holistic service. The conversation emphasizes the need for transparency in fees and the importance of avoiding common retirement mistakes to ensure long-term financial security.=======================TakeawaysMany financial advisors focus sole...2025-06-0708 min

Repair The Roof - Estate & Retirement Planning Podcast4 Things You Must Know Before Retiring With a Pension | The Limitless Retirement PodcastGet ready for an in-depth look with financial planner Danny Gudorf, who breaks down the distinctive challenges and tactics for retiring with a pension. He stresses the value of specialized pension knowledge, highlights the possibility of steeper tax brackets in retirement, shares insights on Roth conversions, and clarifies the widow’s penalty facing surviving spouses. Danny’s recommendations provide clear steps for pension recipients to enhance their retirement income and maintain a stable financial future.TakeawaysLess than 20% of Americans have access to pensions.Most financial advisors lack experi...2025-06-0311 min

Repair The Roof - Estate & Retirement Planning PodcastMarket Crash? The Surprising Math Behind Buying the Dip in Retirement | The Limitless Retirement PodcastDanny dives into market dips, offering smart strategies for both investors and retirees. He stresses the importance of staying calm, resisting impulsive buying, and committing to a disciplined, long-term plan to navigate volatility and pursue future growth. TakeawaysMarket declines are normal and happen frequently.Successful retirees understand volatility as a market feature.After a market drop, expected returns can significantly rise.You don't need perfect timing to benefit from market recoveries.Invest idle cash during market dips for better returns.Retirees should use cash reserves to avoid selling at a loss.Rebalancing during d...2025-05-3110 min

Repair The Roof - Estate & Retirement Planning PodcastIf You Have A Living Trust, Do You Still Need A Will? | Repair The Roof PodcastTed explains the vital role of both a living trust and a pour-over will in estate planning. Together, they protect assets, support loved ones, and ensure wishes are honored. He dispels myths about trusts replacing wills and warns of the risks of not having both.=======================TakeawaysYou need both a will and a living trust.A living trust helps avoid probate.A pour-over will captures assets not in the trust.Guardianship for minor children must be designated in a will.Without a pour-over will, assets may pass according to state law.Proper...2025-05-2712 min

Repair The Roof - Estate & Retirement Planning PodcastThe Truth About Social Security at 62: How Early Filing Could Save Your Retirement | The Limitless Retirement PodcastShould you grab your Social Security benefits at 62 or hold out for more? Danny lays out five surprisingly strong arguments in favor of claiming early. But this isn’t about rules—it’s about your situation. He dives into how life expectancy, tax impacts, and personal priorities all factor into this critical decision. TakeawaysFiling at 62 can be financially advantageous for some individuals.Life expectancy plays a crucial role in deciding when to file.Collecting Social Security early can help preserve retirement savings.Younger spouses may benefit from filing early to secure income.Family benefit...2025-05-2014 min

Repair The Roof - Estate & Retirement Planning PodcastMedicaid Compliant Annuities & Asset Protection: An Expert Conversation with Dale Krause | Repair The Roof PodcastEstate planning expert Dale Krauss unpacks the complex world of Medicaid planning, offering clarity on key distinctions between Medicare and Medicaid. He dives deep into the strategic use of annuities, the power of early planning for long-term care, and the role of trusts in protecting assets. Drawing from his own experience developing the Medicaid-compliant annuity, Dale also sheds light on effective crisis planning for families navigating late-stage decisions. =======================TakeawaysDale Krauss invented the Medicaid compliant annuity to help clients save money on nursing home costs.Medicaid planning is crucial for families facing l...2025-05-1343 min

Repair The Roof - Estate & Retirement Planning PodcastThe Stock Market Is Dropping: Exactly What to Do Right Now | The Limitless Retirement PodcastAs markets stumble, Danny offers a clear-eyed look at how retirees and pre-retirees can protect their futures. From smart portfolio adjustments to emotional discipline, he lays out practical steps for staying the course—and even finding opportunity—when volatility hits.TakeawaysMarket crashes trigger our fight or flight response.The recent market drop is tied to new tariffs.Fear is dominating investor sentiment right now.The market has historically recovered from crashes.Assess your risk exposure based on your retirement timeline.Panic selling locks in permanent losses.Diversification is key during market downturns.Market cras...2025-05-0610 min

Repair The Roof - Estate & Retirement Planning PodcastThe Hidden Cost of Working "Just One More Year" Before Retirement | The Limitless Retirement PodcastEver wondered if working just one more year could make a big difference in your retirement? Danny Gudorf digs into that exact question on the latest episode of Limitless Retirement. He walks through three big things to think about—money, lifestyle, and family—so you can make a smart, balanced call. Rather than letting worry steer the ship, Danny wants you to feel confident about your decision. Oh, and there’s a free retirement check-up you can grab to see how ready you really are.Takeaways:The decision to work an extra year in...2025-05-0311 min

Repair The Roof - Estate & Retirement Planning PodcastWhat is a Trust Protector and Do I NEED One? | Repair The Roof PodcastThis conversation explores the concept of a trust protector in estate planning, detailing its importance, roles, and the benefits it provides. Ted discusses how a trust protector can add flexibility to irrevocable trusts, allowing for adjustments in response to changing laws and circumstances. He emphasizes the need for careful selection of a trust protector and outlines common mistakes to avoid when incorporating one into an estate plan. =======================TakeawaysA trust protector can prevent costly tax issues for families.Trust protectors provide flexibility in managing irrevocable trusts.They can modify trust te...2025-04-3014 min

Repair The Roof - Estate & Retirement Planning PodcastWho Will Decide For You? The Importance of Incapacity Planning | Repair The Roof PodcastEver thought about what happens if you become unable to make decisions for yourself? In this friendly chat, seasoned attorney Ted Gudorf explains why incapacity planning deserves your attention—right alongside planning for death. Ted clearly outlines essential documents, warns of common pitfalls like expensive court hassles and family squabbles, and shares how living trusts can help your family smoothly manage your assets in uncertain situations. =======================TakeawaysIncapacity planning is crucial for everyone, not just the elderly.Without incapacity documents, families may face court battles.A durable power of attorney is es...2025-04-2215 min

Repair The Roof - Estate & Retirement Planning PodcastProtect Your Digital Assets: What Happens After You're Gone? | Repair The Roof PodcastThis conversation delves into the critical importance of planning for digital assets in estate planning. Ted Gudorf discusses what constitutes digital assets, the challenges families face when these assets are not properly managed after death, and the steps individuals should take to ensure their digital legacy is protected. He emphasizes the need for a comprehensive digital inventory, appointing a trusted digital executor, and understanding the legal implications surrounding digital assets. The conversation also highlights common pitfalls in digital asset planning and the necessity of keeping plans updated. TakeawaysDigital assets include online ac...2025-04-1515 min

Repair The Roof - Estate & Retirement Planning PodcastHow to Build a Three Bucket Retirement Portfolio | The Limitless Retirement PodcastDanny Gudorf highlights the critical role of a structured retirement income plan, outlining the three-bucket strategy as an effective method for achieving financial stability in retirement. His discussion clearly defines each bucket’s role, detailing how they collectively mitigate market volatility risks, fulfill retirees’ income requirements, and deliver psychological reassurance. He further underscores the necessity of periodic review and adjustments, introducing "income guardrails" as an additional safeguard for retirement sustainability. TakeawaysThe three-bucket strategy provides stability and growth potential.Traditional retirement income approaches often expose retirees to market volatility.Sequence of returns risk...2025-04-0818 min

Repair The Roof - Estate & Retirement Planning PodcastIs Your Retirement Investment Strategy Setting You Up for Disaster? | The Limitless Retirement PodcastFinancial advisor Danny explores essential elements of investing for retirement, stressing the need to adjust strategies as retirement draws nearer. He underscores the hazards of relying on obsolete investment approaches, the risks linked to excessive cash reserves, and the value of routinely assessing portfolio resilience. Danny presents the three bucket method as an effective tool to help retirees handle market fluctuations and inflation, safeguarding their financial stability. TakeawaysMany retirees use outdated investment strategies that jeopardize their retirement.Investing for retirement requires a shift in strategy as one approaches retirement.Market downturns ca...2025-04-0117 min

Apple Farm ChatterApple Farm Chatter: Estate Planning, Till Death Do We Part (W/Ted Gudorf)On this episode of Apple Farm Chatter we talk with Ted Gudorf, of Gudorf Law Group, about why famers need to think about proper estate planning. We also hear a couple of oddly written wills, that Mr Gudorf got a real kick out of!2025-03-2831 min

Repair The Roof - Estate & Retirement Planning PodcastDon't Let Beneficiary Designations Ruin Your Estate Plan | Repair The Roof PodcastThis conversation explores why beneficiary designations are a cornerstone of estate planning. It reveals how they can take precedence over wills and trusts, the risks of outdated designations, and why periodic reviews are essential.Practical tips for choosing beneficiaries wisely and keeping plans aligned with life changes are discussed.TakeawaysBeneficiary designations can override your will or trust.They help avoid the lengthy probate process.Direct control over asset distribution is crucial.Regularly updating beneficiary designations is essential.Consider naming contingent beneficiaries for added security.Trusts can provide extra protection for beneficiaries...2025-03-2514 min

Repair The Roof - Estate & Retirement Planning PodcastBefore You Surrender Your Annuity Watch This! | The Limitless Retirement PodcastThinking about surrendering your annuity? Danny Gudorf warns about hidden fees, unexpected taxes, and why careful timing can make or break your financial future. He emphasizes the importance of understanding the structure of surrender fees, the potential tax liabilities associated with cashing out or transferring annuities, and the need for a comprehensive analysis of personal financial goals. Danny also highlights the significance of timing and strategic decision-making in the context of retirement planning, ultimately advocating for a tailored approach to each client's unique financial situation.TakeawaysSurrender fees can significantly impact financial...2025-03-2013 min

Repair The Roof - Estate & Retirement Planning PodcastYour Most Asked Estate Planning Questions—ANSWERED! | Repair The Roof PodcastThis conversation delves into the intricacies of estate planning, addressing common concerns and misconceptions. Ted Gudorf discusses the importance of clear legal designations, the role of trusts, the challenges of probate, and the necessity of planning for loved ones. He emphasizes proactive measures to avoid disputes and ensure that one's wishes are honored, while also touching on the implications of Medicaid planning.TakeawaysEstate planning is crucial to avoid family disputes.Clear legal designations prevent misunderstandings.Trusts can streamline asset transfer and protect beneficiaries.Probate can be a lengthy process, often taking m...2025-03-1113 min

Repair The Roof - Estate & Retirement Planning PodcastWhat’s the Right Way to Transfer Your Home to Your Kids | Repair The Roof PodcastIn this conversation, estate planning attorney Ted Gudorf discusses the complexities of transferring property to children, particularly the pitfalls of gifting a home versus using a trust. He explains how gifting can lead to significant tax liabilities, such as capital gains taxes, and the complications of gift taxes. Gudorf advocates for the use of trusts as a more efficient and beneficial method for property transfer, highlighting their advantages in avoiding probate, providing tax benefits, and allowing for greater control over inheritance. The discussion emphasizes the importance of evaluating family needs and goals when deciding between these two...2025-03-0611 min

Repair The Roof - Estate & Retirement Planning PodcastReady to Retire in 2025? Follow These 3 Simple Steps | The Limitless Retirement PodcastIn this conversation, Danny Gudorf, a financial planner, discusses the essential steps for preparing for retirement. He emphasizes the importance of assessing one's financial condition, envisioning an ideal retirement, and connecting financial realities with retirement goals. Danny also addresses the common fears associated with retirement and provides a framework to help individuals feel more confident about their financial future.TakeawaysRetirement can be daunting even for those financially prepared.Assessing your financial condition is the first crucial step.Understanding your monthly income and expenses is vital.Visioning your ideal retirement helps in...2025-02-2717 min

Repair The Roof - Estate & Retirement Planning PodcastHow to Legally Pay 0% Capital Gains Tax On $100,000 In Retirement Income | The Limitless Retirement PodcastIn this conversation, Danny Gudorf, a financial planner, discusses strategies for generating tax-free income in retirement, focusing on the 0% tax rate on capital gains. He explains how retirees can structure their income to take advantage of this tax benefit, emphasizing the importance of tax diversification and strategic planning. The discussion also covers tax gain harvesting and the need for a flexible retirement plan that includes various account types to optimize tax efficiency and income.TakeawaysYou can generate over $100,000 in retirement income tax-free.The 0% tax rate on capital gains can significantly boost r...2025-02-2615 min

Repair The Roof - Estate & Retirement Planning PodcastCan a Living Trust Lower Your Taxes? | Repair The Roof PodcastThis conversation explores the relationship between living trusts and taxes, clarifying common misconceptions and outlining when living trusts can be beneficial for tax savings. Ted Gudorf, an experienced estate planning attorney, discusses the limitations of living trusts regarding income and estate taxes, while also highlighting scenarios where they can provide significant advantages, such as estate tax planning and preserving the step-up in basis for heirs. Real-life examples illustrate how living trusts can effectively minimize tax burdens and streamline the estate planning process.TakeawaysA living trust does not save on in...2025-02-2211 min

Repair The Roof - Estate & Retirement Planning PodcastNavigating Farmland Values, Income Trends, and Estate Planning: A Conversation with Howard Halderman | Repair The Roof PodcastIn this conversation, Howard Halderman from Halderman Companies discusses the current state of farm management, focusing on trends in farm income, land values, and the impact of renewable energy initiatives. He highlights the challenges faced by farmers due to declining commodity prices and the importance of estate planning in light of potential changes to tax laws. The discussion also touches on the implications of the expired farm bill and the evolving landscape of agriculture in the context of sustainability and economic viability.TakeawaysFarm incomes are projected to decline by 16-2...2025-02-1839 min

Repair The Roof - Estate & Retirement Planning PodcastHow Do Social Security Survivor Benefits Work? A Clear Breakdown | The Limitless Retirement PodcastThis conversation delves into the complexities of survivor benefits in social security, particularly focusing on what happens when a spouse passes away before claiming their own benefits. It covers eligibility criteria, various scenarios based on claiming timing, and the importance of strategic planning to maximize financial security for surviving spouses. The discussion emphasizes the need for understanding the rules and making informed decisions to ensure financial stability in retirement.TakeawaysUnderstanding survivor benefits is crucial for financial security.Eligibility criteria for survivor benefits include age and marital status.Survivor benefits di...2025-02-1415 min

Repair The Roof - Estate & Retirement Planning PodcastHow to Leave More Than Money Legacy Planning with Stan Miller | Repair The Roof PodcastIn this conversation, Stan Miller, a nationally recognized estate planning attorney, discusses the critical distinction between legacy planning and estate planning. He emphasizes the importance of not only transferring financial wealth but also instilling values and creating a lasting impact on future generations. The discussion covers various strategies for incorporating legacy planning into estate plans, the democratization of legacy planning for all families, and the integration of these concepts into the planning process. Stan shares personal anecdotes and practical examples, highlighting the transformative power of legacy planning in fostering family connections and community impact.T...2025-02-1141 min

Repair The Roof - Estate & Retirement Planning PodcastAvoid Losing Everything to Nursing Home Costs Medicaid Strategies That Work | Repair The Roof PodcastThis conversation focuses on crisis Medicaid planning, detailing how individuals can protect their assets while qualifying for Medicaid. Ted explains the eligibility requirements, asset limits, and various strategies available for both single individuals and married couples. He emphasizes the importance of legal planning and the role of Gudorf Law Group in assisting families during these challenging times.TakeawaysCrisis Medicaid planning can protect a significant portion of assets.Medicaid eligibility requires strict asset limits: $2,000 for singles, $3,000 for married couples needing care.Legal strategies can help preserve about 50% of remaining assets for singles a...2025-02-1104 min

Repair The Roof - Estate & Retirement Planning Podcast2025 Retirement Rule Changes What They Mean for Your Retirement | The Limitless Retirement PodcastIn this conversation, financial planner Danny Gudorf discusses the significant changes to retirement planning that will take effect in 2025. He covers various aspects including increased contribution limits for workplace retirement plans, the introduction of super catch-up contributions, changes to inherited IRA rules, and the new emergency savings accounts. Danny emphasizes the importance of understanding these changes for effective retirement planning and offers insights into strategic approaches to optimize retirement savings and tax efficiency.TakeawaysThe retirement landscape is changing significantly in 2025.Contribution limits for 401k plans will increase to $23,500.Catch-up contributions for t...2025-02-0518 min

Repair The Roof - Estate & Retirement Planning PodcastAging Risks Ahead Are You Prepared for What’s Coming | Repair The Roof PodcastIn this episode of the Repair the Roof podcast, host Ted Gudorf speaks with Mark George, owner of Issue Insurance Agency, about the significant trends affecting the aging population. They discuss the implications of increased longevity, the baby boomer demographic shift, and declining fertility rates on long-term care needs. Mark emphasizes the importance of planning for these changes and the disconnect between public perception and reality regarding long-term care requirements. Personal anecdotes highlight the challenges faced by families in navigating long-term care options, underscoring the need for early planning and education.2025-02-0332 min

Repair The Roof - Estate & Retirement Planning Podcast6 Critical LLC Formation Mistakes That Could Destroy Your Business | Repair The Roof PodcastIn this conversation, Ted Gudorf shares critical insights on forming a limited liability company (LLC) and highlights common mistakes entrepreneurs make during the process. He emphasizes the importance of selecting the right state for registration, the implications of management structure, and the necessity of a comprehensive operating agreement. By avoiding these pitfalls, business owners can establish a solid foundation for their ventures and ensure long-term success.Takeaways:Selecting the right state for LLC formation is crucial.Ohio's updated LLC laws make it competitive with other states.Serving as your own re...2025-01-2810 min

Repair The Roof - Estate & Retirement Planning PodcastHow to Leave More Than Money: Legacy Planning with Stan Miller | Repair The Roof Podcast"I think that the act of thinking about how to make the world a better place is transformative in the lives of humans."Join our host Attorney Ted Gudorf as he unlocks the secrets to impactful legacy planning with Stan Miller, a celebrated estate planning attorney and author.Stan takes us through his remarkable journey from the inception of his career to the successful expansion of his firm, Pinnacle Legacy Law, to his plans for the future of his educational platform, WealthCounsel.Ted and Stan dive into...2025-01-1737 min

Repair The Roof - Estate & Retirement Planning PodcastFarm Succession Planning: Keeping the Family Farm in the Family | Repair The Roof PodcastToday, our host Attorney Ted Gudorf discusses the ins and outs of farm succession planning, so that you can have peace of mind that your life's work is preserved for future generations!Ted tackles the emotional and practical challenges faced by baby boomer farmers as they approach retirement. Discover how to navigate the complex landscape of estate planning, from managing reluctance to relinquish control, to mitigating potential family disputes, taxes, and operational hiccups.Communication is the cornerstone of any successful succession plan, and in this episode, you’ll see wh...2024-12-3117 min

Repair The Roof - Estate & Retirement Planning Podcast8 Must Know Year-End Tax Saving Strategies | The Limitless Retirement PodcastIn this conversation, Danny Gudorf, a financial planner, discusses eight powerful year-end tax saving strategies that can significantly impact your tax liabilities.He emphasizes the importance of these strategies in light of the impending expiration of the Tax Cuts and Jobs Act of 2017. The strategies include retirement plan contributions, tax loss and gain harvesting, Roth IRA conversions, charitable giving techniques, and qualified charitable distributions. Each strategy is designed to help individuals optimize their tax situation and save money as they approach the end of the year.Takeaways:Year-end tax planning is crucial t...2024-12-2418 min

Repair The Roof - Estate & Retirement Planning PodcastNavigating Farmland Values, Income Trends, and Estate Planning: A Conversation with Howard Halderman | Repair The Roof PodcastToday, our host Attorney Ted Gudorf is joined by Howard Halderman of Halderman Companies to discuss the evolving challenges and opportunities in farm management across Indiana, Ohio, and Michigan.Despite record crop yields in 2023, farmers face decreased incomes due to lower commodity prices. Howard discusses fluctuating land values, noting a peak in 2022 with a slight expected downturn.Ted and Howard explore the integration of renewable energy in agriculture, with a focus on financial benefits from solar and wind developments and innovative practices like carbon sequestration. Howard also gets into...2024-12-1737 min

Repair The Roof - Estate & Retirement Planning PodcastAre You Considering Part-Time Work in Retirement? Here Are 8 Key Factors | The Limitless Retirement PodcastToday, our host Danny Gudorf discusses eight key factors to keep in mind when exploring part-time jobs and volunteer opportunities that fit your lifestyle in retirement.If there’s one key lesson to take away from this episode, it’s to seek balance between mental stimulation and physical activity while avoiding stress, as well as considering the right mix of financial rewards and employee benefits that different part-time options offer.As a retiree, you’ll be off to a running start on your search for work by leveraging your existi...2024-12-0319 min

Repair The Roof - Estate & Retirement Planning PodcastWhy You May Need 20% Less Spending in Retirement. The Retirement Spending Smile | The Limitless Retirement PodcastWhat would you do if your current retirement savings plan is built on a myth?Our host, Danny Gudorf, flips the script on traditional retirement planning by introducing a little-known, yet powerful concept called the “Retirement Spending Smile.” Through it, he demonstrates why you may actually need 20% less in retirement income than you think to live a comfortable life!Danny explores the groundbreaking research by CFA David Blanchett and Michael Stein, the latter of whom coined the three phases of a retiree’s spending journey: the go-go years, the slow-g...2024-11-2613 min

Repair The Roof - Estate & Retirement Planning PodcastFINCEN’s Corporate Transparency Act: What Every Business Owner Needs to Know | Repair The Roof Podcast"With penalties of up to three years in prison and a $10,000 fine for intentionally not complying, the implications of noncompliance are severe.”Ever wondered whether your business complies with the latest governmental regulations, or if you're at risk of severe penalties? Our host, Attorney Ted Gudorf, unravels the complexities of the Corporate Transparency Act. This influential legislation could impact anyone owning, controlling, or forming U.S. corporations and LLCs by mandating the reporting of detailed identifying information to FinCEN (Financial Crimes Enforcement Network).Ted breaks down the nitty-gritty of who counts as a...2024-11-1217 min

Repair The Roof - Estate & Retirement Planning PodcastMedicaid's Five-Year Lookback Period Explained: Protect Your Assets! | Repair The Roof Podcast"Medicaid planning isn't about beating the system, but ensuring that you or your loved ones can receive necessary care without unnecessarily depleting all your assets.”Unlock the secrets to safeguarding your financial future as our host Attorney Ted Gudorf guides us through the intricate world of Medicaid planning. Discover the crucial elements of the five-year look-back rule, a pivotal factor in qualifying for Medicaid long-term care services without depleting your hard-earned assets. Navigate the often misunderstood intricacies between Medicaid and Medicare, particularly the limitations of Medicare when it comes to long-term nursing home care. Attorney Gudorf explains th...2024-10-2918 min

Repair The Roof - Estate & Retirement Planning PodcastFinal Inherited IRA Rules Breaking Down the Secure Act 2.0 FINAL | The Limitless Retirement Podcast"The SECURE Act 2.0 has changed things a lot. We will explore every detail of the new rules, and trust me when I say pouring over 260 pages of new legislation wasn't exactly a walk in the park, but I've done the heavy lifting for you, so you don't have to."What if understanding the SECURE Act 2.0 could absolutely transform your retirement planning strategies? Our host, Danny Gudorf unpacks the complexities of inherited IRAs. He dissects the fine line between eligible and non-eligible beneficiaries, shedding light on the nitty-gritty criteria like being a surviving spouse, a...2024-10-2224 min

Repair The Roof - Estate & Retirement Planning PodcastRejected POA? Steps to Take When Your Bank Won't Cooperate | Repair The Roof Podcast“It's far easier to address these issues proactively than to scramble for solutions in the midst of a crisis. By planning ahead, you’re not just protecting your assets. You're giving yourself and your loved ones peace of mind.”Our host, Ted Gudorf dissects the real-world struggles of dealing with power of attorney (POA) and financial institutions. With heart-wrenching anecdotes like being turned away at the bank during a crisis, Ted unravels why some POAs fail and what you can do to prevent this from happening. From understanding why certain banks reject POAs due to age...2024-09-2407 min

Repair The Roof - Estate & Retirement Planning PodcastNavigating Blended Families: How to Protect Your Children's Inheritance | Repair The Roof Podcast“The beauty of a trust is its flexibility. You can customize it to fit your unique family situation and financial goals. However, this flexibility also means there are a lot of decisions to make.”Imagine being in your mid-60s, like John and Sarah, and facing the challenge of how to ensure both your surviving spouse and children from previous marriages are taken care of. Our host Ted Gudorf tackles the often-overlooked estate planning nuances for blended families. He shares John and Sarah’s story to illustrate common pitfalls in traditional wills and reveal the po...2024-09-1722 min

Repair The Roof - Estate & Retirement Planning PodcastFlorida Community Property Trust For Ohio Resident and The Upcoming Estate Tax Cliff with Craig R. Hersch | Repair the Roof PodcastDid you know that Ohio residents have the opportunity to leverage some of Florida's unique tax advantages? Listen in as tax attorney Craig Hersch from the Sheppard Law Firm does a deep dive into the Florida Community Property Trust statute.Along with our host Ted Gudorf, he and Craig share how owning trusts in Ohio (and other common law states) can help you achieve a full step-up in basis for capital gains tax purposes upon a spouse's death, potentially eliminating those capital gains taxes for your heirs. Even Ohio farmers who own highly appreciated land can take...2024-09-0334 min

Repair The Roof - Estate & Retirement Planning PodcastHow Much Do I Need to Retire? 5 Numbers to Help You Decide | The Limitless Retirement Podcast“Remember to overestimate your expenses and build in a margin for unexpected costs and consider the impact of taxes in retirement.”Without the right strategy, planning for retirement can be overwhelming. In this episode, you'll take the first step towards creating a personalized retirement plan simply by taking stock of five essential numbers.“Fixed expenses” means different things to different people. Learn how to zero in on what exactly those expenses are for you. You’ll also find out how much money really goes into an emergency savings fund, and how to factor in fixed income sou...2024-08-2718 min

Repair The Roof - Estate & Retirement Planning PodcastHow to Pay Taxes On A Roth Conversion | The Limitless Retirement PodcastEver wondered how to strategically manage the tax implications of Roth conversions without falling into the trap of unexpected penalties? Join me, Danny Gudorf, as I uncover the essential tactics for optimizing Roth IRA growth and tax benefits in our latest episode. You'll learn how to transition funds from traditional IRAs or 401ks into Roth IRAs effectively, enjoying tax-free growth and withdrawals in retirement. We explore the two critical methods for handling taxes on these conversions—whether to withhold taxes directly from the conversion amount or to use cash on hand. Through detailed examples, I'll guide you on...2024-08-2416 min

Repair The Roof - Estate & Retirement Planning Podcast7 Simple Tips to Increase Retirement Income Without Extra Work or Saving More | The Limitless Retirement Podcast"Whether you're 45 and have 40 years of retirement to live through, or you're 65 and have roughly 20 years of a retirement time horizon, deciding on how you can take money out of your portfolio is going to really impact how much it can generate in monthly or annual income."What if you could boost your retirement cash flow without taking on another job or putting more aside for savings?Listen in as our host Danny Gudorf shares seven powerful steps to significantly increase your monthly payments and protect your money for...2024-08-1416 min

Repair The Roof - Estate & Retirement Planning PodcastShould You Be Your Own Registered Agent? | Repair The Roof PodcastIn this conversation, Ted Gudorf discusses the critical role of a registered agent in business operations, emphasizing the importance of choosing whether to serve as your own registered agent or hire a professional service. He outlines the responsibilities, risks, and potential legal implications of being your own registered agent, including privacy concerns and the management of legal documents. The conversation highlights the benefits of using a professional registered agent service, such as enhanced privacy, reliable document handling, and peace of mind for business owners.Key Topics:A registered agent is re...2024-07-3011 min

Repair The Roof - Estate & Retirement Planning PodcastWhy You Shouldn’t Use the 4% Rule In Retirement (And a Better Strategy) | The Limitless Retirement Podcast"A different strategy is going to be one that can be flexible and solve these issues better than the 4% rule.”Can you really rely on the 4% rule for a comfortable retirement? In this episode, our host Danny Gudorf tackles this controversial topic head-on, revealing why this popular rule might lead you astray. Danny dissects the four major pitfalls of the 4% rule while offering a superior strategy to help you retire sooner and generate more income.By examining hypothetical portfolios and different investment return scenarios, you'll gain a clear understanding of...2024-07-1615 min

Repair The Roof - Estate & Retirement Planning PodcastHow to Pay ZERO TAXES on Social Security - 6 Simple Strategies | The Limitless Retirement Podcast"It's crucial to understand how different income sources can impact the taxation of your Social Security benefits."Unlock the secrets to reducing your tax burden on Social Security benefits! Nearly half of all recipients now find themselves taxed on these crucial benefits, and the number is only climbing. On today's episode of The Limitless Retirement Podcast, our host Danny Gudorf explains why this is happening and provides actionable strategies to help you manage it. Learn how the unchanged income thresholds from the Reagan era have trapped more retirees in taxable brackets and discover how...2024-07-0221 min

Repair The Roof - Estate & Retirement Planning PodcastShould You Consider Roth Conversions If Over 70? | The Limitless Retirement Podcast“I always come back to one simple litmus test, do you want to pay the taxes on your IRA now, or do you want the beneficiaries to pay the taxes later?"In this episode of The Limitless Retirement Podcast, Danny Gudorf of Gudorf Financial Group uncovers the myriad of benefits of Roth conversions for those in their 70s, including the potential for a tax-free inheritance and the flexibility gained by avoiding required minimum distributions (RMDs). Tune in to understand why having a mix of traditional and Roth accounts can optimize your tax management and fi...2024-06-2517 min

Repair The Roof - Estate & Retirement Planning PodcastTop 10 Most Common Required Minimum Distribution Mistakes | The Limitless Retirement Podcast"RMDs can be a complex and intricate situation in retirement. But knowing these common mistakes can help you navigate this important part of your retirement plan."Our host, Danny Gudorf, unravels the complexities of RMDs and spotlights the top 10 mistakes that could derail your retirement strategy. With new laws changing the starting age from 70.5 to 73, and eventually to 75, it's more crucial than ever to be informed. Discover why you can’t combine RMDs with your spouse's and the hefty tax consequences of postponing your first RMD. Danny also debunks myths like converting RMDs to Ro...2024-06-1220 min

Repair The Roof - Estate & Retirement Planning PodcastThe HSA Advantage: 5 Strategies for Retirement Success | The Limitless Retirement Podcast"By strategically contributing to your HSA throughout your working years, you can build up a substantial balance to help mitigate this impact of the rising health care costs that you're likely to face in retirement."Unlock the full potential of your Health Savings Account and take control of your financial future as our host Danny Gudorf of Gudorf Financial Group, guides us through the world of HSAs on this edition of the Limitless Retirement Podcast. Prepare to have your eyes opened to the power of these accounts, not just for medical expenses but as...2024-05-2828 min

Repair The Roof - Estate & Retirement Planning PodcastThe Pitfalls of Investing Overly Conservative In Retirement | The Limitless Retirement Podcast“Creating a three-bucket retirement plan is essential for a successful retirement that enables you to avoid being unnecessarily conservative.”Could your well-intentioned, conservative investment strategy for retirement actually be setting you up for financial instability? In this episode of The Limitless Retirement, our host Danny Gudorf flips the script on traditional retirement planning wisdom. He takes a deep look into the world of investment risk, timing risk, and the much-overlooked sequence of return risk. As we age, conventional advice leans towards playing it safe, but Danny illustrates why a one-size-fits-all approach could do more harm...2024-05-2130 min

Repair The Roof - Estate & Retirement Planning PodcastWhy a One-Page Financial Plan is So Powerful | The Limitless Retirement Podcast“The problem is, a lot of people end up not retiring simply because they don't have the confidence to do it.”Navigating the murky waters of retirement planning often feels like trying to read a map in the dark, but what if there were a beacon to guide you through? That's precisely what our host Danny Gudorf offers in this latest discussion: a one-page financial plan designed to clear the haze of overwhelming choices and set you on a definitive path to a worry-free retirement. As Danny unfolds this method, you'll discover how condensing a li...2024-05-0731 min

Repair The Roof - Estate & Retirement Planning Podcast3 Things to Do Before You Retire | The Limitless Retirement Podcast"I encourage all of my clients to view retirement not as what they're retiring from, but what they're retiring to. Thinking about retirement this way creates a mental shift and gives you a sense of hope and joy as you enter this new phase of life."Have you ever looked into your financial future and wondered how you can retire not just comfortably but with a genuine zest for life? That's the journey our host Danny Gudorf takes us on in the latest episode of The Limitless Retirement Podcast. Danny tackles the critical need...2024-04-2922 min

Repair The Roof - Estate & Retirement Planning PodcastWelcome to The Limitless Retirement Podcast!Welcome to the inaugural episode of The Limitless Retirement Podcast with Danny Gudorf, Owner of Gudorf Financial Group. Whether retirement is on your horizon, or you've already made the leap, this podcast tackles your most important questions about retirement.From real-life success stories to practical advice, each episode promises to enrich your understanding and equip you with the tools necessary for a retirement as limitless as your dreams. Make sure to Follow this podcast on Apple Podcasts, Spotify, or your favorite podcast app for weekly episodes, and check out GudorfFinancial.com for more details...2024-04-2905 min

Repair The Roof - Estate & Retirement Planning PodcastUnderstanding Ohio Property TaxesGet 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 resale value. Our host dives into the intricate details of the mass appraisal system employed by local counties and the independent appraisal process which determines a property's fair market value. Ted offers invaluable insights into h...2023-07-2518 min

Repair The Roof - Estate & Retirement Planning Podcast7 Key Trust Assets and How to Effectively Fund Them Into Your TrustListen 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 implications. He also covers the specifics of transferring real estate into trusts, the role of title insurance, and the need for a general warranty deed in Ohio.He continues by explaining the medallion signature guarantee process required...2023-07-1132 min

Repair The Roof - Estate & Retirement Planning PodcastTrusts 101: Understanding the Basics of the Four Essential Trusts We Create for Our ClientsOur 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 Medicaid, federal, and state estate tax.Ted focuses on irrevocable trusts for Medicaid asset protection, emphasizing the role of a third-party trustee and why the trust maker cannot be a beneficiary. He also touches on the importance of having a limited...2023-07-0334 min

Repair The Roof - Estate & Retirement Planning PodcastThe Perilous Pitfalls: Navigating The 5 Major Estate Planning BlundersAre 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 Gudorf Law Group’s preferred method of addressing long-term care, asset-based long-term care, and why it's essential for your future.Taxes and probate can be confusing and overwhelming, but they don't have to be. Ted reveals critical insights on...2023-06-1340 min

Repair The Roof - Estate & Retirement Planning PodcastRevocable Living Trust Essentials: The 10 Must-Have Provisions for SuccessDiscover 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 you become incapacitated or pass away.Ted addresses the importance of identifying the individuals involved, the significance of a spendthrift clause, and the crucial no-contest clause. Additionally, he’ll cover often-overlooked provisions regarding incapacity determination an...2023-05-2316 min

Repair The Roof - Estate & Retirement Planning PodcastThe Inheritance Dilemma: Can Credit Card Debt Be Passed Down to HeirsHave 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 someone passes away. He breaks down the difference between secured and unsecured debt, and explains how Ohio law handles estate debts. You'll also learn how to protect your estate from creditor claims and...2023-05-1623 min

Repair The Roof - Estate & Retirement Planning Podcast10 Must-Discuss Topics for Married Couples Before Meeting an Estate Planning AttorneyHave 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 deciding whether to own assets separately or jointly. He also dives into planning for incapacity, long-term care insurance, and the many options available to couples looking to protect themselves and their assets.In the latter half...2023-05-0920 min

Repair The Roof - Estate & Retirement Planning PodcastGeneral Power of Attorney: Legal Insights for Effective PlanningOur 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 to the formation of general powers of attorney, and understand why these documents must be in writing, signed by the person granting it, and witnessed and notarized as appropriate.Learn how to effectively use the Ohio...2023-05-0227 min

Repair The Roof - Estate & Retirement Planning PodcastEp. 15: The Great Debate: Understanding the Key Differences Between LLCs and S-Corps Part 1Is 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 liability company, or LLC. Any entity or individual can be a member of an LLC, with some notable exceptions being banks or insurance companies. The operating agreement, commonly overlooked, is every LLC’s governing document, listing me...2023-04-1132 min

Repair The Roof - Estate & Retirement Planning PodcastEp. 14: Demystifying 1035 Exchanges: Your Ultimate Guide to Insurance Contract Transfers1035 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 pay a penny more in taxes than you need, and build more wealth all the while!Offering actual examples of transferring one annuity or life insurance policy for another, Ted demonstrates that...2023-04-0420 min

Repair The Roof - Estate & Retirement Planning PodcastThe Power of 1031 Exchanges: Saving Taxes and Growing WealthTwo 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 breaks down the seven essential must-knows around like-kind exchanges set forth in Section 1031 of the Internal Revenue Code.Key...2023-03-2816 min

Repair The Roof - Estate & Retirement Planning PodcastIrrevocable Trusts 101: Understanding the Basics and BeyondThere’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 trust is one in which the trust can be revoked within the lifetime of the trust-maker. An irrevocable trust is one that cannot be revoked, which means the tr...2023-03-2118 min

Repair The Roof - Estate & Retirement Planning PodcastCapital Gains Tax Made Simple: Key Concepts and ExamplesIn 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 term “capital asset,” when and how it is taxed, and what strategies we can employ in our estate planning to avoid the payment of capital gains tax in a legal and lawful manner.Key...2023-03-1418 min

Repair The Roof - Estate & Retirement Planning PodcastFederal Estate And Gift Tax BasicsIf 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 focuses on federal law, it’s important to know what applies to you on the state level.Each of our 50 states can, if they wish, impose their o...2023-03-0722 min

Repair The Roof - Estate & Retirement Planning PodcastUnderstanding Asset-Based Long-Term Care: What it is and How it WorksWith 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 above the already-high regular inflation rate, the cost of care is clearly going to double in as little as ten years.In this episode of Repair the Roof, Attorney Ted Gudorf disc...2023-02-2828 min

Repair The Roof - Estate & Retirement Planning PodcastMedicaid Planning 101 - How to Use It to Pay For Long-Term CareIn 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, whether it is at home, in assisted living, or at a nursing home.Certain steps have been taken to expand Medicaid coverage in certain states, whereas other states...2023-02-2128 min

Repair The Roof - Estate & Retirement Planning PodcastBasics of Asset ProtectionIn 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 lawyers advertise today is drastically different from how they advertised half a century ago. In 1977, the United States Supreme Court determined that lawyers should have the right to advertise—commercial speech—by virtue of the First Amendment. Sinc...2023-02-1442 min

Repair The Roof - Estate & Retirement Planning PodcastWhy Asset Alignment Is So Important to Your Estate PlanIn 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 individual name with a designated beneficiary.Before diving into asset alignment, it is important to first identify the assets you own and in whose name each is titled—often overlooked details. Once this is...2023-02-0722 min

Repair The Roof - Estate & Retirement Planning PodcastEp. 5: The Three Legal Documents You Need to Have to Make Sure Your Medical Wishes are Taken Care ofIn 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 when you can’t, and also to give you some guidance about end-of-life decisions.The first document is a HIPAA (Health Insurance Portability and Accountability Act...2023-01-2423 min

Repair The Roof - Estate & Retirement Planning PodcastEp. 4: What to Expect at Your Initial Goals & Responsibility MeetingIn 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 be asked, what questions you should be asking, and what documentation you should bring to the meeting.At the G&R meeting, you will go over two questions: 1...2023-01-1718 min

Repair The Roof - Estate & Retirement Planning PodcastEp. 3: How to Choose the Right Estate Planning AttorneyIn 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 many attorneys aren’t certified. The second question should be, How do you charge for your services? Some charge hourly, which can quickly build up in cost, where others charge flat fees. This is imp...2022-12-2214 min

Repair The Roof - Estate & Retirement Planning PodcastEp. 2: A Will vs. A Trust. Which Do You Need?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 which is in your name alone and guarantees that your estate will go through probate. Probate is a court-supervised process where wills are submitted, and it can be expensive and time-consuming. For his clients, Ted wants to ensure...2022-12-2215 min

Repair The Roof - Estate & Retirement Planning PodcastEp. 1: Estate Planning Attorney Ted Gudorf's Inaugural Episode: Repair The RoofAttorney 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, he was further inspired to educate himself in elder law. While estate planning is common, the legal profession is lacking in terms of long-term care planning and disability planning. The primary focus of Ted’s firm is...2022-12-2209 min

Repair The Roof - Estate & Retirement Planning PodcastWelcome to Repair The Roof Estate Planning Podcast with Attorney Ted GudorfWelcome 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 Estate Planning and Elder law in Ohio for over 35 years.The podcast episodes will last anywhere from 10 to 25 minutes and will explore different estate planning and elder law tops in a fun but informative format. The po...2022-12-2202 min $Ohio Outdoors Podcast - Sportsmen\'s Empire$ Ohio Outdoors Podcast - Sportsmen's Empire#45 - Buying a Multi-Owner Hunting Property: Conversation w/ Attorney Ted GudorfOn this episode we talk to an estate planning attorney, Ted Gudorf, J.D., LL.M., about buying hunting property with a group of buddies as well as some of the things to consider when passing down your hunting property to your children. You definitely need to give this one a listen if you are considering buying a piece of property with a couple of your buddies or maybe a couple of your family members. The information Ted shares in the episode could save you a lot of headaches, money, and broken relationships because going into a partnership like th...2019-06-2546 min