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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. 

Questions about returning to work during the COVID-19 pandemic? See the following article provided by the Ohio Bar Association.

This insight into the law is provided by Michael S. Bailey, Esq. of the law firm of Bailey & Gunderson Co., L.P.A.
Phone: (513) 631-0022.

 

Covid 19 Work

How do you make sure your assets are transferred to your surviving spouse or children in a manner as efficiently and quickly as possible?

There are many methods to accomplish this goal. The types of assets you have and the values of your assets must be evaluated to accomplish your goals. It may be as simple as designating a beneficiary with the administrator of the asset, or more complex by creating your own trust.

Get your estate planning completed soon (before it’s too late). It is worth your time to meet with your attorney to discuss your estate planning objectives so that your surviving spouse or children can complete the orderly transfer of your assets, and to minimize the expense to do so.

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 and Western Hills. Phone: (513) 631-0022.

 Estate Planning C

 

I wanted to pass along to you this link which has an article from the Ohio State Bar Association regarding the COVID-19 crisis and its impact on debt collection, especially with your stimulus checks, garnishments, payment of federal student loans and the like.

 

Debt Collection and the COVID-19 Crisis.

 

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 and Western Hills. Phone: (513) 631-0022.

 

Covid 19 A

Your family and friends want the best for you during your divorce and have good intentions. They all want to support you through the process of resolving your divorce. Unfortunately, the advice of family and friends is most of the times not correct and may cause you more harm than good.

Do your family and friends know the divorce laws in your state? Do they know the totality of your financial situation: The identity and value of your assets? The amount of your debt? How much you and your spouse earn per year? How much you spend? If not, how can your family and friends possibly give you good advice?

It's perfectly fine to use your family and friends for emotional support and to vent. It’s best not to follow their advice on what you are entitled to receive from your divorce or what you should do about issues arising during your divorce.

It’s best to leave that advice to your attorney. Your attorney has the education, training and experience to look after your best interests in your divorce.

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 and Western Hills. Phone: (513) 631-0022.

 

Advice of Family 060320

Do you own real estate? Do you know where your real estate deed is located? Have you reviewed your real estate deed recently?

If you cannot locate your deed, you may be able to obtain a copy of it from your county recorder's website. It is not necessary that you have the original, recorded deed in your possession. A copy of the deed shall be sufficient for your future use.

Is your real estate properly titled to meet your future goals? A husband and wife should make sure that their deed is a “survivorship deed”. Attorneys look for certain language in the deed to verify that the husband and wife in fact have a “survivorship deed”.

If you want your real estate to be transferred to your children (or other beneficiaries) after your death, you can accomplish this goal by having a Transfer-on-Death Designation Affidavit prepared and recorded indicating your wish to transfer the real estate to your children (or other beneficiaries) after your death.

Either of the methods described herein can help avoid the requirement to “probate” your real estate after your death.

 

Real Estate Probate

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