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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. 

 

The following link will direct you to an article provided by the Ohio Bar Association and one of its members, Attorney Bradley K. Adams about the different types of student loan debts; repayment options for your student loans; and how an attorney may assist you with questions about your student loan debt. Thanks to the Ohio Bar Association and Mr. Adams!

https://www.ohiobar.org/public-resources/commonly-asked-law-questions-results/education/understanding-student-loans/

If our office can assist you with any questions about your student loan debt, please call me at (513) 631-0022.

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.

 Student Loan Debt

Should you settle issues in a divorce action?

One of the dynamics of a divorce is that parties are not inclined to settle issues when they are hurt or angry. The emotions involved in a divorce action makes it extremely difficult for parties to resolve the issues of the marriage rationally.

There may be some issues that your spouse has taken a stand that would be inequitable to you in the division of assets and debts, or that may not be in the best interests of your children. In those circumstances, litigation may be necessary and unavoidable.

However, there may be issues that the parties are not really that far apart in resolving. Consider a compromise of the issues where common grounds exist. Compromise and settlement are better for you and your health in the long run.

If you have questions, please call me at (513) 631-0022.

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.

 

Settlement C

The following link from the University of Kentucky details what information you may need and a checklist for a successful estate plan. This information and checklist will aid your attorney in advising you regarding your estate planning, and shall assist those who survive you, such as your spouse and children, regarding your assets and the location of important documents.

http://www2.ca.uky.edu/agcomm/pubs/fcs5/fcs5422/fcs5422.pdf

If you should have questions, please call me at (513) 631-0022.

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

I have met with many clients who have sought legal advice regarding a contract after they have signed the contract. Examples would include contracts to purchase real estate and automobiles. Many times, clients wish to cancel the contract or do not understand the obligations imposed upon them by the signed contract.

It is always best to have all contracts reviewed by your attorney prior to signing them. If the other party to the contract is honest and wants to complete the transaction with you, they will allow you time to have your attorney review the contract.

Remember that the fees you shall incur to have the contract reviewed by your attorney prior to signing it may save you thousands of dollars later if you sign a contract without having full knowledge of the obligations imposed upon you by the contract.

If you should have questions, please call me at (513) 631-0022.

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.

 

Contract Review

 

We are told many times by clients that the reason they want us to prepare a Last Will & Testament for them is so that they can “avoid probate".

If your estate planning consists solely of having a Last Will & Testament, you have not done everything you can to avoid probate.

There is never a 100% guarantee that you can avoid probate, however, there are many things you can do, with the assistance of your attorney, to help accomplish this goal such as making sure your real estate is titled properly or having a living trust prepared.

If you own real estate, another example to avoid probate would be to have prepared and filed an affidavit called a “Transfer on Death Designation Affidavit”. This affidavit would allow your designated beneficiaries to receive the title for your real estate without probate by filing a subsequent affidavit upon your death.

If you should have any questions on ways you can avoid probate, please call me. I would be glad to help you with this important issue.

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.

If you have questions, please call me at (513) 631-0022.

 

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