Darling & Wilson, PC Legal Blog
How to deal with a breach of a partnership agreement
Getting a helping hand in business can make things a little easier. As such, it comes as no surprise that most people get into business partnerships. Done right, a business partnership can help you harness your potential and build a stronger and more profitable...
What to consider when appointing a power of attorney
One consideration people sometimes overlook when estate planning is appointing a power of attorney. It’s something that many think of as only needing to be done when you become unwell, but in fact, the earlier you arrange it, the better. You can choose someone to have...
Can a business partner act without the other partners?
When you hear the words business partner, you probably envision people always working in close collaboration on all key matters pertaining to a company. But what if your business partner makes a deal to acquire a major new client or drop a client, for example, without...
Who pays the taxes on your estate?
As you do your estate planning, you realize that you probably cannot plan everything out so that your heirs don’t have to take care of any details. If you were to pass away unexpectedly, for instance, someone would still have to pay the property taxes and your income...
Handling your parents’ estate
It can be difficult to handle the death of a loved one, but when you are left to deal with their estate, things can get even more complicated. If you have been named executor in your parents' will, it is important to know the next steps. The responsibilities of an...
Don’t delay your estate planning
When you ask people why they haven’t created an estate plan, one of the main reasons they’ll give you is simply that they are procrastinating. They won’t say it this way, necessarily. But they’ll talk about how it’s something that they mean to do in the future or how...
Is your will legally valid?
A will is more than putting your last wishes on paper. It is a legal document enforceable by a court, and it must be legal and valid. Otherwise, it might be declared null and void when distributing your estate. Can the document you have withstand the legal test when...
3 common estate planning mistakes
Thinking about the end of your life may not be at the top of your list of things to do – but planning now can provide peace of mind down the road. End-of-life planning, more commonly called estate planning, is all about getting plans in place to help manage risks...
Understanding capital gains tax on an inherited home
While there’s no state inheritance tax in California, that doesn’t mean you’re completely in the clear from taxes after a loved one dies. For example, you may have to pay capital gains tax if you inherit property and then sell it. However, fortunately, it’s not as bad...
Which documents control your life insurance policy?
As someone creating or updating an estate plan in California, your life insurance likely plays a significant role in your plans. Your life insurance may be how you intend to replace your income to help support your family or how you intend to cover funeral costs and...