TALK 94.5 Liz And Nick
TALK 94.5 Liz And Nick
LEGAL TALK WITH BAILEY GORDON (GSLG) 6/17/26
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Time to drop the gamble. It's legal talk with Angie Knight from the Grand Strand Law Group. On the list, call the way to go. It's number talk for the entire Grand Strand.
SPEAKER_02Alright, well, you may not be Angie Knight or a roller derby star. It is Belly Gordon. Let's say what is it? Like you're like a kung fu master or something?
SPEAKER_00Not kung fu. I do like to play basketball.
SPEAKER_02Okay, that's good. Alright, do you box out under the under the net there? Oh yeah.
SPEAKER_00That's always a post. Even though I'm only 5'6, that was definitely my position.
SPEAKER_02Okay, that's good because that's what we're looking for in an attorney.
SPEAKER_01Yeah, we like we like fighters.
SPEAKER_02Yeah, you have a rugby person, you got a roller derby expert. Uh, but yeah, Belly Gordon is.
SPEAKER_01You go to Angie Knight in her office, you'll get your butt kicked. And yeah, and some dogs, too. Oh, you know, watch dogs.
SPEAKER_02All right, so we are taking questions on the budget blinds text line from the Grand Strand Law Group. You can go to GrandstrandLawgroup.com to find out more information about the things they do. But the area of focus is estate planning, probate, business law, personal injury law. Also, we talk about business law and pre um prenuptial, postnuptial cohabitation agreements, title insurance. Uh, we talk about title theft and title fraud here, and you're particularly susceptible to that not being protected if you have a second home. Uh but Bailey Gordon, uh, her area of focus uh is primarily real estate estate planning. So if you have any questions, send them on over on the budget blinds text line, 843-798-talk 798-8255. All right, Bailey, I have a question for you.
SPEAKER_00Go ahead.
SPEAKER_02Um it's a you know, it's a terrible thing to think about, but that's what estate planning is about, right? Thinking about the worst case scenario and how do you plan ahead for that to avoid all sorts of issues afterwards. But many times when people are retired or you know older, they tend to travel together a lot. Um planes, trains, and automobiles, things can happen. What happens with a situation where both people, you know, they're married and they die at the same time, a simultaneous death?
SPEAKER_00Right. So that's actually a pretty tricky one to that we have to work with a lot of times. So um, for example, somebody is, you know, driving, they get in a car accident with their spouse in the car. Um, let's say either both people have an estate plan set up, only one does, neither of them do. Um all those scenarios can change very much how their estate gets distributed after they've passed away. Can you plan ahead for that? The best way to plan ahead is for everybody, both spouses, to have had their estate plan set up because it'll usually for our type of estate plans that we will set up, we will have contingencies in it that says if somebody does not survive for a certain amount of time, now we're actually going to distribute the property a separate way. You can plan ahead to do those things because you can't plan ahead that you're gonna die at the same time as possibly your spouse or somebody else important to you. So we want to make sure that we have those types of contingencies set out so you know how you would want your estate to pass if something happened happened to you as well as your spouse or your primary beneficiary.
SPEAKER_02Very interesting because um I mean there's so many scenarios, you can't plan for everything. But here's a question I have for you know, especially if you have blended families and you're either about to get married or you just got married, so you have pre-nuptial, post-nuptial, and estate planning. So in that case where you have blended families, you want to you don't want to leave a mess between kids and years-long battles and probate. Um so uh which which like route should you pick?
SPEAKER_00I mean, do you pick one, two of them? I mean, really they can all work in conjunction with each other. So let's go with the scenario where it's a blended family. So two people are getting married later in life, they both have children from previous marriages, maybe the children are still minors, maybe they're adults at this point. Um, all those things will really affect how we want to draft documents for you. So if you're getting married later in life, maybe you have already created your own business, maybe you're making money from that, you have your own employees, now you're getting married. What happens if you don't have any sort of prenuptial agreement set up or a state plan and something happens to you? Very well, you may want your business to maybe go to your children because maybe they've worked in it their whole lives. But now your spouse may actually have a say in what goes on. They may get an ownership interest in that business, even if that's not something that you wanted to happen. So it's important for the prenuptial agreements to do those. You can also do postnuptial agreements or anti-nuptial agreements as well.
SPEAKER_02Anti-nuptial.
SPEAKER_00Yep. So post and anti are essentially the same thing. Okay. But you can do those after you get married as well. So if maybe you've been married, but now you're making a business, you're doing something big, or somebody's gone to school to become a lawyer or a doctor or something, and maybe after the fact you want to start saying, like, maybe we really want to kind of figure out who owns what, who does this and that. Um so you can do those after you're married as well. And then to tie it all together, you want to have your estate plan as well with those, because even before you're married or after, we still want to do what you would say you would want your estate to go to if something happened to you. So if you have a prenuptial agreement and you have a will set up, now we know exactly how you want to one of your estate to pass with your spouse. Further, how you would want it to go to your children after the fact.
SPEAKER_02Very interesting. Now our budget lines text line is open, 843-798-talk, 798-8255.
SPEAKER_01Uh, we have an individual who works really weird hours, so standard hours don't fit. Are you willing to uh accommodate him? What are your hours?
SPEAKER_00So our hours are Monday through Thursday, 9 to 5, and on Friday from 9 to 3. It really depends. We can usually try to work with people, whether we're doing at-home visits, whether we are doing mail aways, it depends on the type of documents they want to get set up. Um but we can definitely try to work with them if they reach out to us and kind of explain their circumstances.
SPEAKER_01All right, very good.
SPEAKER_00All right.
SPEAKER_02So um in talking about estate planning, like sometimes you may come into and the fact that you also do real estate, you may come in with a real estate portfolio um or a second home, or maybe you know, you you bought this second home for your family to use. And is it how do you approach that if you are um getting married or got remarried?
SPEAKER_00So if you're getting married or got remarried, you're coming into this marriage with a lot of assets already, you got a second home, third home, investment properties, um, whatever you have, it's important to understand what you want to happen. And whether you get a prenuptial, an anti-nuptial, any of those, what you should do is sit down with an attorney to explain your goals. What are your goals? Do you want all these investments to go directly to your children? Do you want them all to go to your business partner because they're the ones that put in all the work with you as well? Do you want everything to go to your spouse? Those are things that we definitely want to set up. And if something happens down the road where maybe you and your soon-to-be spouse do decide to part ways later, do you want that soon-to-be spouse to also take away with them a portion of all those investments that you spent your life working on?
SPEAKER_02So when you get married, uh, you know, because those properties are deeded in a certain way. So how does that come into play with now a marriage certificate?
SPEAKER_00So once you get married, um well, I'm not really a family attorney, so I can't go too much on that side of things, but once you get married and you start coming mingling assets, let's say you own the house outright, but now your spouse lives in it with you, your spouse is taking care of the home, they're paying for the pest inspectors, they're paying utilities, they may now be starting to gain an interest in that home as well, whether they own the deed or not. Yes. Legally, we even without you changing the deed. Well, they're not an ownership interest, but there could be some sort of interest where after, say, you go through some sort of divorce or something like that, they may try to claim something that they, you know, should be paid back for the work or the time that they spend in the home.
SPEAKER_02Okay. Interesting, because um, you know, a lot of times you don't think about that sort of thing. Now, even as a business owner, if you have a partner of any kind, because you mentioned that before, you need a legacy plan as well. You definitely want a legacy plan. How does that work? Because sometimes uh business owners get life insurance for their partner.
SPEAKER_00Yep, that's definitely something. If something happens to them, you want the business to be able to buy out their interest if that's what your operating agreement says, if that's what you and your partner have decided you want the business to do. Maybe both of you, um, it could be a law firm. You know, you can't own a law firm when you're not an attorney. So for um a law firm, you may want to have those types of life insurance policies because maybe one of the partners will need to buy out one of the other partners um to keep the ownership in the name of an attorney. Um there's a lot of businesses, especially professional businesses like that, where you'll need to set something up like that.
SPEAKER_02Yeah. All right. Do we have any other questions on the budget blinds text line? No? Okay. Um regarding real estate, you know, it seems like, and we talk to Angie about this um often, and you handle that too, right? Real estate law. Yes, I do too. Okay. So if someone is, things are really going is or things are really changing a lot in real estate with contracts and things like that, and and people who haven't bought a house or sold a house in a while may be like, wait a minute, I don't remember doing this last time, and all these different little nuances in the contracts. If someone is just starting to look or looking to purchase a home, do you recommend that even before they call a realtor that they get with a real estate attorney to really understand how to make a proper bid on a home to like protect themselves or to understand the current contracts because they can get tricky and then you can get yourself jammed up and yeah, no, it can definitely get tricky.
SPEAKER_00Now, I do I do say I think that your real estate agent is definitely the first person you want to go to. They're the ones that are gonna be helping you negotiate, they're the ones that are gonna know the properties, they're gonna understand what your goals are. As soon as you find your agent, then you also want to loop in the attorney because before you sign any contracts, before you put paper to pen and bind yourself to something, that's when you now want to talk with your attorney because your agent's gonna help you find those contracts. They're gonna help you figure out the terms of what you want in this home, what you want fixed. Um but before you sign anything, bring it to an attorney because I'm gonna read that 20-page contract and I'm gonna explain the most important parts to you and I'm gonna give you advice as well as um information on the different types of things that could happen in the future based on what this contract says. Just because, you know, somebody says we're gonna do it this way, if it's not written on that contract, then I'm telling you it's not a guarantee that just because they said that, that that's gonna happen.
SPEAKER_02Yeah, because a lot of times, I mean, I find this especially with leases. Leases are not designed to be in your best interest if you're the lease C. You know.
SPEAKER_00Yeah, it can depend. I mean, I've definitely seen some great leases in the area where people try to work, you know, really well with each other. Um landlords, you know, definitely can try to help out as much as they can. But it's also just as important as a real estate contract as a lease to go over it with an attorney. You know, you're gonna want to know, especially one of the big ones, is people are getting into leases and they realize they can't have an animal, that they've had an animal for 10 years. Right. They're not gonna get rid of their senior dog. No. But now they're under contract on this lease and they gotta rent this property. Now they have to figure out what are they gonna do next? Are they gonna try to sublease? Is there a landlord even gonna allow that? So those types of terms are very important to talk with talk with an attorney about.
SPEAKER_02Okay. Uh, we do see a lot of uh apartments popping up and these townhomes popping up and a lot of uh probably a lot of lease issues that are gonna happen with that. Seems like a lot of people are renting these days, and uh seems like a lot of those apartment buildings are all over the place right now. All right. Well, the budget blinds text line is open, 843-798-talk 798-8255. Bailey Gordon is joining us here from the Grand Strand Law Group. You can go to Grand Strand Law Group.com to get more information. Uh, one of the things that Angie uh Knight has spoken to us about is the title insurance protection, uh, especially if you have a second home. Right. So I do know that there are two things that I want to point out that she always uh makes sure that everybody knows she does offer a complementary uh estate planning consultation and a complimentary title insurance consultation where someone reads through that title insurance to see if you're protected against title theft and title fraud. And she says that most second home title uh insurance does not include that protection for a title fraud. Yeah, yeah. Right. So can can you just um maybe just give us a little maybe you can invite people uh to contact the Grand Stern Law Group if they want to get that consultation.
SPEAKER_00Yeah, definitely. I I highly recommend, especially whether if you know you have title insurance, you have your policy or not, come um give us a call. Um we would be happy to review it for you, um, let you know what you are covered with and and what's not, and then hopefully we can get you some extra endorsements on top of that policy as well to maybe help you cover for um any sort of potential title fraud. Okay, very good.
SPEAKER_02Bailey Gordon, thank you so much. Which office do you work mostly out of? I work out of our Myrtle Beach office on Broadway Street. All right, and they also have one in Loras on Main Street and on Highway 17 in North Myrtle Beach. Thank you so much, Bailey. Yep, thank you appreciate it.