Darling & Wilson, PC Legal Blog
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...
How can an estate plan help me in injury or illness?
Many people do not understand the full range of tasks that estate planning covers and think it only refers to determining what happens to the things you own when you die. Planning for death is a crucial part of estate planning. Yet, an estate plan can also benefit...
Most people don’t have an estate plan. It’s time to fix that
Did you know that the majority of Americans do not have an estate plan? Despite the fact that everyone will someday need to use such a plan and pass assets to their heirs, most people have not even taken the basic steps to create their personal plan. You may think...
What is a breach of contract?
Contracts are important in business because they enable the parties involved to know what to expect from an agreement. They can be written or verbal, but they should always be followed. Businesses that meet the terms of contracts are usually known as reliable and...