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Various Blogs regarding Cincinnati Family Law, Estate Planning And Bankruptcy.

At Bailey & Gunderson, our attorneys help people going through some of life's most difficult challenges. We bring our experience, skill and creativity to every case, taking on all types of Family Law including Divorce, Bankruptcy, Probate and Estate Planning issues.  Learning that most people ask the same questions - this blog is our way of providing some general legal information.  Feel free to contact our Cincinnati Law Offices to discuss your specific situation. 

Did you know that a surviving spouse is entitled to have the titles for an unlimited number of automobiles transferred to him or her from their deceased spouse without going through the probate process as long as the combined value of the automobiles is no greater than $65,000.00?

Call our attorneys at Bailey & Gunderson Co., L.P.A. at 631-0022 to learn how to transfer the auto titles to the surviving spouse without having to go through the probate process.

This insight into the law is provided by the law firm of Bailey & Gunderson Co., L.P.A., with offices in Norwood, Western Hills and Anderson Township. Phone: (513) 631-0022.

 

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A guardianship is a legal relationship ordered by a Probate Court where one person has the legal authority and duty to care for another's person or property due to the other person's minority, incapacity, or disability. The person who is incapacitated, disabled, or a minor is called the "ward." The person who is appointed by the Probate Court to be responsible for the ward's person or property is called the "guardian."

A guardianship for an adult can be avoided most times if the adult who is incompetent or incapacitated executed a Durable Power of Attorney and a Durable Power of Attorney for Health Care prior to the person becoming incompetent or incapacitated.

We can assist you or a relative with obtaining a Durable Power of Attorney and a Durable Power of Attorney for Health Care.

This insight into the law is provided by Michael S. Bailey, Esq. of the law firm of Bailey & Gunderson Co., L.P.A., with offices in Norwood, Western Hills and Anderson Township. Phone: (513) 631-0022.

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Many times, parties who are divorcing to do not take into consideration hidden tax obligations.

For example, a spouse may wish to purchase a home after the divorce or dissolution of marriage is final and intends to use the sale of investments, such as stocks or bonds, for the funds to purchase a home. The spouse may not realize that the sale of the investments may cause a tax obligation for them.

The tax consequences of an award of an asset to a spouse should be taken into consideration when equitably dividing the assets between the spouses. It is also important to consider the “intent” of the disposition of those assets by the spouses.

It’s always best to consult with a CPA or other income tax expert when considering these issues. Your family law attorney can help guide you through this process.

This insight into the law is provided by Michael S. Bailey, Esq. of the law firm of Bailey & Gunderson Co., L.P.A., with offices in Norwood, Western Hills and Anderson Township. Phone: (513) 631-0022.

 

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What Are the Responsibilities of an Executor of an Estate?

One of the advantages of having a Last Will & Testament is that you can choose who you wish to serve as the Executor of your estate after your death.

What does an Executor do to administer a Decedent’s estate? An Executor is the person appointed by a Probate Court to carry out the instructions in the Decedent’s Last Will & Testament.

After a Last Will & Testament is filed in a Probate Court, the Executor must collect, inventory, and set a value for all of the Decedent's assets. All of the Decedent’s debts, taxes, and expenses are then paid, and any remaining assets are distributed to the beneficiaries named in the Last Will & Testament. All of this is done under the supervision of the Probate Court and usually with the help of an attorney chosen by the Executor.

Do you have any questions about having a Last Will & Testament prepared for yourself, or the procedures to administer an estate? What about steps you can take now to avoid probate? If you have questions, please call our office and we would be happy to help you!

This insight into the law is provided by Michael S. Bailey, Esq. of the law firm of Bailey & Gunderson Co., L.P.A., with offices in Norwood, Western Hills and Anderson Township. Phone: (513) 631-0022.

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Today is “Love Your Lawyer Day”.

Attorneys (or lawyers) help resolve conflicts and protect individual rights. The next time you see your attorney, thank him or her for the services they provide for you.

Bailey & Gunderson Co., L.P.A., with offices in Norwood, Anderson Township and Western Hills. Phone: (513) 631-0022.

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