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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. 

You should make sure you have designated a beneficiary (or beneficiaries) for all of your financial accounts, including investment, retirement and bank accounts. Doing so will allow you to designate to whom you want the funds in those accounts to be transferred when you die. Make sure those review your beneficiary designations periodically to make sure they are up to date.

If you have not designated a beneficiary for a financial account, the transfer of the funds in the financial account will be determined by the Probate Court pursuant to your Last Will & Testament or the probate laws of the state of your last residence.

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.

 

Beneficiary B

The first rule of divorce is “document, document, document”. What is the second rule of divorce? If you guessed “document, document, document”, you would be correct.

It is absolutely critical that you maintain and retain good financial records for many reasons. One of the most important reasons would be for use in a divorce action. Your divorce team, including your attorney and financial planner, require reliable and accurate financial information in order to advise you and protect your interests.

Many people are now storing electronic versions of historic and recent financial records in a secure location to provide to their attorney and financial planner in the event of their divorce.

These financial records can include such documents as income tax returns, retirement plan statements, paystubs, real estate deeds, auto titles, credit card and debt statements, Social Security benefits and earnings records, life insurance policies, investment accounts (including stocks, bonds, mutual funds, etc.), checking and savings account statements, etc.

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.

 

Divorce

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