Menu Contact
Tilford Dobbins & Schmidt, PLLC
Call
502-584-1000
For A Consultation
Practice Areas Menu

Louisville Legal Blog

How a real estate attorney can help with a commercial purchase

Are you looking to purchase a commercial property in Louisville? If so, this is a serious investment you are making for yourself, your business or your family. Buying commercial property costs more than buying residential property. It is a more complex contract and you have to consider zoning ordinances and laws. That's why you need to hire a real estate attorney when buying a commercial property.

Quite possibly the most important reason for hiring a real estate attorney when buying a commercial property is to reduce your risk in the purchase. An attorney will be able to examine the zoning laws where the property is located so that you know what type of business you can operate on the property. The attorney will also be able to determine if you can lease the property to someone else once you take ownership of it.

How to plan vacations around custody agreements

With the summer in full swing in Louisville, Kentucky it can mean only one thing: vacation. It's almost a rite of passage to go on a family vacation during the summer months. It's still possible to do even if you are divorced, separated or living based on a child custody agreement. Here are some tips for planning vacations this summer around child custody agreements.

Try to sit down with the other parent and have a civil discourse regarding what you want to do with your children this summer. Both of you should have a chance to discuss your wishes for a vacation before any decisions are made.

Are you prepared to become a sole proprietor?

If you are about to launch your own business, you have to consider several formats, such as a corporation, a partnership, a limited liability corporation or a sole proprietorship.

For various reasons, you may settle on becoming a sole proprietor, but you should also be aware that there are certain drawbacks.

How to handle a breach of a confidentiality agreement

Almost every company will have its employees sign a confidentiality agreement when hired. This is a document that protects the company from secrets and other information getting out to the public or to its competitors. Employees are to follow the stipulations listed in the agreement or risk being fired and sued for breach of the agreement. Here's how to handle a breach of a confidentiality agreement.

Speak with the employee immediately. Find out if they understand the serious nature of the breach. Ask them why they shared trade secrets and who they spoke with about the secrets. Make sure the employee has an understanding of how much this breach is going to affect the company.

Securing an uncontested divorce

An uncontested divorce is the goal of every couple going through a divorce in Kentucky. Why? This divorce is the easier of the two because you can avoid going to court, unlike a contested divorce. Let's take a look at how you can secure an uncontested divorce in today's post so you can make sure your divorce goes as smoothly as possible.

The first step towards an uncontested divorce is to have a conversation with your spouse about your expectations after filing. Try to get on the same page as your spouse when it comes to dividing assets, property and when deciding on other important items.

Preparing your employees for a merger

If you are in charge of a business, no matter its size, you have a lot of responsibility. You will be questioned by your employees often, especially when it comes to merging with another company. If there is a merger on the horizon, make sure you inform your employees ahead of time, so they have more than enough information about what is happening.

An open line of communication is quite possibly the most important step you can take when preparing for a business merger. You need to communicate with your employees as much as possible throughout the entire process. Don't ever think that you can communicate too much with your employees. If you don't offer enough information to your employees, they will begin to wonder, and rumors will spread.

Why you should sell your home before finalizing the divorce

Going through a divorce is one of the most difficult times in life. Despite this, knowing ahead of time that the marriage is over can be an advantage. When it comes to the marital home, you have a couple of options. One spouse can keep it and live in it with the children. Both spouses could choose to remain in the home. Or, you could sell the home and split the proceeds. Here's why you need to sell it before you get divorced.

Capital gains are the biggest reason you should sell the marital home before you are officially divorced. Why? The capital gains for a married couple are worth $500,000. This is an exception that you take on your annual tax return. You can both take advantage of this while still legally married. If you sell the home after getting divorced, the capital gains exception drops to $250,000.

Estate planning considerations as you enter a second marriage

When you navigate your way through a divorce, you will typically find that your life, as you know it, will undergo considerable change. While divorcing has numerous estate planning and tax implications, so, too, does marrying for a second time. When your marital status changes, so, too, do your estate planning needs. People marrying for a second time often face unique hurdles with regard to the estate planning process that those in first marriages may not.

When you and your new spouse-to-be discuss your estate planning objectives, it is critical that you maintain open and honest communications while doing so. Exercising full disclosure early on can potentially prevent considerable hardship or family strife later on, so the more you can sort out before you say, “I do,” the better. So, what types of estate planning matters might you want to reevaluate once you see a second marriage on the horizon?

The benefits of attending a divorce support group

Going through a divorce can be one of the most challenging parts of life. Everything you've come to know as a married person is being thrown upside down with the divorce. There's a great way to deal with the emotions of divorce during and after the process is finalized and that's to join a divorce support group in Louisville, Kentucky.

A big benefit of a divorce support group is that you will be in a judgment-free zone. You will be among people who are in the same situation as you. Everyone there has gone through what you are going through. They've dealt with the same emotions and have had the same fears.

The benefits of owning commercial real estate in Kentucky

Have you ever wanted to own a piece of commercial real estate in Kentucky? Are you getting closer to pulling the trigger on such a purchase? Commercial real estate has plenty of advantages. Let's take a look at the benefits of owning a piece of commercial real estate in today's post.

One of the biggest benefits of owning commercial property is the possibility of cash flow. Does the property allow for business or residential tenants? If so, renting out the space in your building will create cash flow. The income from having tenants can help you pay down the purchase price of the property or the mortgage/loan you used to acquire it.

Call 502-584-1000 to speak to a lawyer today.

  1. Charles W. Dobbins, Jr.

    Charles earned his J.D. degree from the University of Virginia in 1974

    He was graduated from Washington & Lee University in 1970 with a B.A. with Distinction

    Read More

    Mark W. Dobbins

    Mark earned his B.A. from Emory University.

    He earned his J.D. from the University of Louisville.

    Read More

    Patrick T. Schmidt

    Patrick earned his B.S. in Accounting from the University of Kentucky in 1989.

    He earned his J.D. from the University of Kentucky in 1992.

    Read More

    Terrence L. McCoy

    Terry earned a B.A. from Dartmouth College in 1964.

    He earned his J.D. from Duke University in 1967.

    Read More

    Lisa Koch Bryant

    Ms. Bryant has extensive commercial litigation and bankruptcy experience. Prior to entering private practice, Ms. Bryant served as head of litigation for the Federal Land Bank of Louisville.

    Read More
  2. Wm. Stephen Reisz

    Thomas graduated from the University of Louisville Business School with a B.A. in 1973

    Thomas earned his J.D. degree from the

    Read More

    Sandra F. Keene

    Sandra earned her Bachelor of Health Science degree, with Honors, from the University of Louisville in 1982.

    She earned her J.D. degree from the

    Read More

    Elizabeth M. Jenkins

    Colgate University, B.A., Political Science, magna cum laude, 1983

    University of Virginia, J.D., 1992

    Read More

    Edward L. Galloway

    Ed graduated from Indiana University in 1967 with a degree in history.

    After obtaining a master’s degree in political science from the University of

    Read More

    Thomas G. Karageorge

    Thomas graduated from the University of Louisville Business School with a B.A. in 1973

    Thomas earned his J.D. degree from the

    Read More
  3. Tacasha E. Thomas

    Tacasha attended Harvard University in Cambridge, Massachusetts during the summer of 2001, where she studied courses in law and psychology.

    Read More

    Ayala Golding

    Ayala received her J.D. in 1994 from the University of Louisville, Louis D. Brandeis School of Law, Louisville, Kentucky, where she was a member of the Brandeis Family Law Journal, and

    Read More

    Kacie A. Wilkinson

    Kacie A. Wilkinson recently joined Tilford, Dobbins & Schmidt, PLLC, where she practices in the areas of business law & transactions, real estate, estate planning and probate.

    Read More

    Gwendolyn Chidester

    Gwen recently joined the Firm after being employed by notable Louisville companies for over 15 years in a variety of capacities including Corporate Counsel, Director of Human Resources, and Risk Manager.

    Read More

    William A. Buckaway, Jr.

    Bill earned his B.A. from Centre College in Kentucky in 1956.

    He earned his J.D. from the University of Louisville in 1961 where he was a

    Read More

    Terrell L. Black

    Terry earned a B.S. in Social Science from Campbellsville College in 1966.

    In 1969, he attended graduate school at Eastern Kentucky University focusing on

    Read More

    John A. Wilmes

    John was admitted to the Kentucky bar in 1977 and admitted to practice before the U.S. District Court, Western District of Kentucky in 1979.

    Read More

Contact Us

401 West Main Street, Suite 1400
Louisville, KY 40202

Phone: 502-584-1000
Fax: 502-584-2318
Louisville Law Office Map