Darling & Wilson, PC Legal Blog
Starting a medical partnership in California
It’s not unusual for medical professionals to dream about owning their own partnership, but California’s laws surrounding such partnerships are somewhat different than in other states. In addition, medical partnerships can run into unexpected complications when it...
Instances in which you might be able to remove a trustee
Many individuals who fund trusts have significant wealth to be distributed to specific loved ones at different intervals in their lives. It's not necessary to have significant wealth to warrant the funding of a trust, though. Individuals of more modest means may also...
How does cryptocurrency fit into estate planning?
Purchases of cryptocurrency have increased in recent years -- and that's thrown a new curveball into the estate planning process for some families. Estate planning attorneys have learned how to guide their clients in most effectively securing, transferring or gifting...
What are benefits of setting up a living trust in California?
Most people consider creating living trusts as part of their estate planning process. Basically, a living trust is a legal document that shares a lot of similarities with a will. The will lets you name the people or organization that you would want to inherit your...
Ask ‘what if?’ when drafting a trust
A trust is an excellent way to leave money and other assets to the next generation. It gives you control in a way that a will cannot. For instance, a trust could stipulate that the beneficiary has to use it for educational purposes, or it could hold the money until...
What can extend the probate process?
When a loved one passes away, the probate process can end up being immensely frustrating to their relatives. It’s hard to grieve properly when you’re caught up in what seems to be a terribly slow legal process. There are some common reasons (outside of a contested...
Every adult should have a health care directive and power of attorney
Many individuals have at least a rudimentary understanding of the importance of having a will, yet many will still wait until later in life to get their affairs in order. Estate planning, including drafting a will, isn't really something that you should delay. Life is...
Make an estate plan after these life events
Most people don’t have an estate plan, and there is something to be said for the argument that everyone needs to make one quickly. Far too many people pass away without a plan and leave confusion for their heirs. That said, there are certain times in life when you...
You just discovered your partner is stealing from the business: What now?
You wouldn’t have gone into business with your partners unless you trusted them -- but your trust has been misused and outright broken. One of your partners has been actively dipping into the accounts for their own expenses. You know you need to act fast to limit the...
How family legacy planning can help you transfer your wealth to future generations
Estate planning is crucial to ensuring that the wealth you’ve worked hard to accumulate, grow and preserve is handed down to your family and given to nonprofit organizations doing work you value. However, once you finish your estate planning, it’s time to think about...