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...]
How to Choose an Executor for Your Will: Essential Tips and Advice | Warren & Migliaccio
Choosing the executor for your Will is a critical decision that will significantly affect the success of your estate plan. To help you choose the right person for the job, here are some essential tips and key considerations. 1. Understand the Role of an Executor... (source) … [Read more...]
What Do You Want in Your Plan? | Warren & Migliaccio
Estate Planning is not a ‘one size fits all’ tool. Instead, it involves collaborating with a knowledgeable professional to identify what your personal goals are for your estate and your family, and finding the best versions of the available legal tools to craft an estate plan which […] (source) … [Read more...]
What To Do If You Inherit Fine Art | Warren & Migliaccio
Managing Inherited Art: Your Options and Best Practices Inherited art often carries emotional, aesthetic, and financial value. Yet, it also brings a heavy responsibility. You can keep, donate, or sell the artwork. No matter the choice, ensure the art is insured, stored, and transported properly. … [Read more...]
Employee stock ownership plans | Warren & Migliaccio
Employee stock ownership plan - A versatile business exit and estate planning tool - If you own a closely held business, a significant portion of your wealth may be tied up in it. So, to prepare for retirement and provide for your loved ones, you need an exit plan. One option, if your business is a … [Read more...]
Anxiety is high as Mass. Steward hospitals await auctions | Warren & Migliaccio
After months of uncertainty around the future of Steward Health Care, the company’s hospitals are set to be sold at a series of auctions this summer. But the sales process is off to a rocky start, and public officials and health care leaders are growing concerned that not all of Steward’s hospitals … [Read more...]
Giuliani Seeks to Alter Bankruptcy to Speed Asset Sale but Keep Future Income | Warren & Migliaccio
Rudolph W. Giuliani told a bankruptcy court on Monday that he would like to have his assets sold to pay his creditors, including two Georgia election workers he defamed in his efforts to keep former President Donald J. Trump in office after the 2020 election. Mr. Giuliani asked the bankruptcy … [Read more...]
Chicken Soup for the Soul Entertainment Files Chapter 11 | Warren & Migliaccio
NEW YORK — Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection. The bankruptcy filing comes after months of a series of financial struggles for the company and piling unpaid bills. Chicken Soup for the Soul has … [Read more...]
Purdue Opioid Settlement on Verge of Collapse After Supreme Court Ruling | Warren & Migliaccio
After the Supreme Court struck down a controversial bankruptcy plan from Purdue Pharma, the maker of OxyContin, those who sued the drug company were left uncertain about when promised funds would be available to combat addiction and other damage from the ongoing drug epidemic. The ruling upended a … [Read more...]
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