It is important to note that sometimes assets, such as retirement accounts, life insurance policies, etc., could have different beneficiaries (aka, the people who will acquire that asset) than what you put in your will. These beneficiary designations are typically made when setting up financial … [Read more...]
The Truth About Probate: Turning Fear Into Confidence | JD Supra | Warren & Migliaccio
Avoiding probate is a goal frequently stated by our estate planning clients. When “probate” is mentioned, it conjures images of conflict, time-consuming legal battles, exorbitant fees, and endless headaches. Clients may also be concerned about the lack of privacy in the probate process because … [Read more...]
Remarriage and Blended Families: Protecting Your Loved Ones through Estate Planning | Warren & Migliaccio
Remarriage and blended families are becoming increasingly common, especially here in Texas and across the United States. If you are considering remarriage, or already have a blended family, it is essential to have a comprehensive estate plan in place to protect the interests of all your loved … [Read more...]
The Ripple Effect: How Divorce Impacts Your Estate Plan | Estate Planning in New Hampshire & Massachusetts | Warren & Migliaccio
Divorce is rarely simple and never easy. It typically has a profound effect on every aspect of your life, including financial and legal matters. All too often, the emotional upheaval that frequently accompanies divorce makes it difficult to focus on anything but the divorce. It is imperative, … [Read more...]
Courts Allowing More Flexible Trust Amendments | Estate Planning in New Hampshire & Massachusetts | Warren & Migliaccio
As much as I enjoy writing about celebrity Estate Planning gone wrong, and less often, right, occasionally, a court opinion catches my attention. That’s particularly true when the decision will have lasting implications for Estate Planning. This blog returns to the basic lessons about amending a … [Read more...]
How Adult Guardianship Can Go Wrong | Estate Planning in New Hampshire & Massachusetts | Warren & Migliaccio
As the population ages, the number of seniors who cannot safely make financial decisions and/or care for themselves increases. When an adult needs someone to help make personal and/or financial decisions, adult guardianship can be a solution. Adult guardianship, however, gives the guardian … [Read more...]
Inheritance Planning Missteps: How to Steer Clear of Common Pitfalls – O’Drobinak & Nowaczyk, P.C. | Warren & Migliaccio
Inheritance planning is a critical task that ensures your assets are managed and distributed according to your wishes after your passing. However, it’s easy to fall into traps that could complicate or even undermine your intentions. Avoiding these common estate planning pitfalls is key to creating a … [Read more...]
Does a Spouse Automatically Inherit Everything in Texas?
When your spouse passes away in Texas, you might assume you'll automatically inherit everything. But the reality isn't always so straightforward. Various factors come into play, from community property laws to the existence (or absence) of a will. And let's be honest - navigating the legal … [Read more...]
The 10 biggest mistakes people make during the Estate Planning process
Estate planning. It's a term that often evokes feelings of procrastination and distant futures. But for Texans facing their mortality or simply wanting to ensure their wishes are respected after they're gone, proper estate planning is a crucial step. Here at Warren & Migliaccio, L.L.P. in … [Read more...]
Why Is Estate Planning Necessary to Consider as You Graduate From High School in Texas?
As young adults in Texas step into a new chapter of their lives after graduating high school, estate planning often gets overlooked. While the idea of estate planning might seem far off for someone just graduating, there are several key reasons why getting at least a few documents prepared to … [Read more...]
