Episode description
Episode description
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)
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