Repair The Roof - Estate Planning Podcast Ted Gudorf, Gudorf Law Group

"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 for a healthy cash reserve as you step into retirement, ensuring you have the freedom to draw on your funds without the worry of heavy taxation. He unpacks the secrets of navigating tax-deferred accounts and the strategic finesse of Roth conversions, aiming to protect your Social Security benefits from becoming a casualty of tax implications.


But it's not all about the numbers; your retirement dreams are just as pivotal. Danny guides us through crafting a retirement plan that resonates with our deepest aspirations, looking at how to accurately calculate your monthly expenses to secure your financial future, and more importantly, how to intertwine those dreams into your fiscal strategy. The goal is to transform this concept of retirement from just a financial milestone into an inspired, purpose-driven chapter of your life.



Key Topics:
Three Things To Do Before You Retire (00:40)1: Building Up Your Cash Position in Retirement (01:31)2: Figuring Out How Much You’re Spending Monthly (09:46)3: Creating a List of Important Things to Accomplish or Do During Retirement (16:34)Wrap-Up and Review (20:07)

Resources:
Gudorf Financial GroupGet Your Free Retirement AssessmentSubscribe to Youtube

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 and personalized assistance on your financial and retirement journey!


Resources:
Gudorf Financial GroupGet Your Free Retirement AssessmentSubscribe to Youtube

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 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 how to appeal your property's value, the overall impact of property taxes on local school districts, and potential changes looming in property tax laws. All this and more in this episode of Repair The Roof!








Key Topics:
Tax Value and Fair Market Value (02:24)Mass Appraisal (04:34)Appealing an Appraisal (06:28)Real Estate Tax in the State of Ohio (08:46)Funding School Districts (11:23)Challenges to Property Tax (13:18)Wrap-Up (17:15)







Resources:
Gudorf Law GroupThe Ohio Estate Planning Guide - Free BookGudorf Law: What We Do and How We Help WebinarDon't Go Broke in Nursing Home WorkshopWhen a Loved One Dies: A Legal Guide - Free BookSubscribe on YouTube

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 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 for transferring stocks, bonds, mutual funds, annuities, and other investments into your trust. He also discusses creating an investment LLC to protect your assets from creditors. Wrapping up the conversation, Ted emphasizes the urgency of starting your estate planning now and provides valuable insight to begin. So, listen in as our host demystifies the often overwhelming process of estate planning, providing practical advice and clear guidance every step of the way.








Key Topics:
The One Item That Cannot Be Put Into Your Trust (1:19)Real Estate in Your Trust (1:53)Transferring Property into a Trust (7:08)Vehicles in Your Trust (10:48)Getting All Our Accounts Titled Into the Same Name as the Trust (18:24)Change Both the Owner and Beneficiary to Trust (22:30)Properly Forming an LLC Company (23:20)



Resources:
Gudorf Law GroupThe Ohio Estate Planning Guide - Free BookGudorf Law: What We Do and How We Help WebinarDon't Go Broke in Nursing Home WorkshopWhen a Loved One Dies: A Legal Guide - Free BookSubscribe on YouTube

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 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 power of appointment to change beneficiaries.


Lastly, Ted delves into the federal estate tax and how it relates to trusts and how a married couple can transfer up to $26 million during their lifetime or upon death, tax-free, and how the rollback of this exemption amount in 2026 could impact your estate planning. He also discusses the benefits of transferring assets into an irrevocable trust and the need for a professional service trustee. This and much more in this episode of Repair The Roof, from Gudorf Law Group.






Key Topics:
Intro to the Types of Trusts (00:28)Revocable Trusts (01:56)Irrevocable Trusts (06:55)Medicaid Asset Protection Trust MAPT (09:31)Longterm Care Insurance (18:04)Revocable Irrevocable Trust (20:09)Estate Tax Trust (22:43)Irrevocable Life Insurance Trust (30:10)Wrap-up (32:39)





Resources:
Gudorf Law GroupThe Ohio Estate Planning Guide - Free BookGudorf Law: What We Do and How We Help WebinarDon't Go Broke in Nursing Home WorkshopWhen a Loved One Dies: A Legal Guide - Free BookSubscribe on YouTube

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 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 how to address estate planning, tax issues, and the importance of avoiding probate. Learn about living probate and death probate, and why working with the right law firm is crucial for your estate's future.


Life is unpredictable, but your estate plan doesn't have to be. Gudorf Law Group aims to give you clarity and confidence as you move forward with your estate plan, and to help you avoid pitfalls along the way.




Key Topics:
Major Estate Planning Blunders (0:44)Blunder #1: Not Addressing Longterm Care (0:55)Blunder #2: Not Addressing Taxes (13:06)Blunder #3: Having No Plan or an Inappropriate Plan in Place to Avoiding Probate (27:50)Blunder #4: Working with the Wrong Law Firm (32:12)Blunder #5: Not Covering all of the Contingencies that could Happen (37:32)Wrap up (39:36)


Resources:
Gudorf Law GroupThe Ohio Estate Planning Guide - Free BookGudorf Law: What We Do and How We Help WebinarDon't Go Broke in Nursing Home WorkshopWhen a Loved One Dies: A Legal Guide - Free BookSubscribe on YouTube