Blog & Articles
In estate planning, designating beneficiaries for retirement accounts, life insurance policies, and Transfer on Death (TOD) accounts is a critical step that often gets overlooked. This simple action ensures that your assets are distributed according to your wishes, bypassing the complexities of probate and minimizing potential family disputes. At Widlast Legal, we emphasize the importance…
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When managing a trust, one of the key responsibilities of a trustee is to provide regular accounting to the beneficiaries. Trust accounting is essential for maintaining transparency and ensuring that all parties are informed about the financial activities within the trust. At Widlast Legal, we strive to make this process as clear and efficient as…
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A groundbreaking new blood test for Alzheimer’s disease could revolutionize your ability to plan ahead. The new test measures the level of a protein called “p-tau 217” and a biomarker known as the “amyloid 42/40 ratio” (which measures two types of amyloid proteins) both found in blood.. The p-tau 217 protein is a key marker…
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In recent years, the landscape of end-of-life arrangements has expanded beyond traditional burial and cremation. As individuals and families seek more personalized, environmentally friendly, and cost-effective options, alternative methods are gaining popularity. At Widlast Legal, we understand the importance of aligning end-of-life choices with personal values and legal considerations. In this article, we explore some…
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Summer is a time for relaxation, rejuvenation, and a well-deserved break from daily routines. For caregivers, however, planning a vacation can be challenging, as they must consider the ongoing care needs of their loved ones. Fortunately, respite care options can provide a solution, offering caregivers the chance to take a break while ensuring their loved…
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Estate planning involves preparing for the transfer of an individual’s assets after death. Three crucial roles often arise in this process: Executor, Administrator, and Trustee. Each has specific duties and responsibilities, essential for ensuring the decedent’s wishes are respected and their estate is managed correctly. Let’s delve into these terms to understand their distinct functions.…
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World Elder Abuse Awareness Day: Protecting Our Seniors from Scams In light of World Elder Abuse Awareness Day (June 15), this month we are shining a spotlight on prevalent scams affecting seniors, to try to raise awareness. At Widlast Legal, we are committed to safeguarding our senior community by educating our clients about common scams…
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The Importance of Estate Planning for Beneficiaries: A Crucial Step for Protecting Your Inheritance As a beneficiary of an estate currently under administration, you are likely anticipating the transfer of assets that a loved one left for you. While this period can be emotionally challenging, it also presents an opportunity to secure your financial future.…
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Understanding the Impact of the SECURE 2.0 Act on Retirement Accounts Overview of the SECURE 2.0 Act The SECURE 2.0 Act, signed into law in December 2022, builds on the original SECURE Act of 2019 to enhance retirement savings options and flexibility for Americans. The act aims to encourage savings, improve retirement rules, and reduce…
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Administering a trust can be a complex and challenging endeavor. Often individuals consider a do-it-yourself (DIY) approach to save on costs and maintain control. However, this decision is not without significant risks. Here, we evaluate the pros and cons of handling trust administration on your own versus seeking professional assistance. Rewards of DIY Cost Savings:…
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