Darling & Wilson, PC Legal Blog
When should you review your estate plan?
Creating your estate plan isn’t a one-and-done event. Instead, it’s the start of a process that continues until you die. Even though most people don’t want to think about these final affairs, you mustn’t forget to review your estate plan once you have it set. At a...
Remedies for breaches of business contracts in California
When a business contract is broken, it can lead to serious financial and legal consequences. In California, the law offers several remedies to help the non-breaching party recover losses or enforce the terms of the agreement. Below are the most common remedies for...
A trust can be an alternative to disinheritance
It is a big step to disinherit someone by taking them out of your estate plan. But you may feel that it’s necessary. Perhaps you are worried about their spending habits, for example. Maybe they frivolously waste the money they have, so you believe they will burn...
Who pays a decedent’s debts?
Some people don’t have a chance to pay off all their debts before they pass away. This leaves the question of who will pay for those debts when the person dies. The answer to this isn’t always easy, but taking the time to review the circumstances around the debt may...
3 reasons business partners get into disputes
You hope that you and your business partner will be able to run the company amicably, but you also know that disputes are possible. Some of these disputes may be so significant that you have to go your separate ways and close down the business. Others may be...
When might you need to change your executor?
When you named your current executor, you may have thought they would assume their duties when the time came. However, this may not happen. You may need to name another party to serve. Here are five circumstances that may require you to change your executor: Divorce...
What is a medical power of attorney?
When you’re creating an estate plan, you have to make decisions that go beyond who will receive what assets as their inheritance. Some of these have to do with making sure you’ll be taken care of if you aren’t able to make decisions on your own. If you become...
2 things to know regarding your executor
When estate planning, you need to choose an executor to manage your estate before distribution. They are required to follow all the instructions in your will, manage your properties, pay debts, file tax returns, communicate with beneficiaries and interested parties...
2 reasons not to procrastinate estate planning
Did you know that the average person in the United States does not have an estate plan? Reports consistently find that the majority of people haven’t taken this critical step. They have not written a will, drafted a power of attorney, or addressed other important...
What to know about the advance health directive form in California
One of the documents to draft when estate planning is an advance health directive form. This document allows you to provide health care instructions to be observed if you become incapacitated. This way, your family won't need to spend time figuring out what you would...