Darling & Wilson, PC Legal Blog
3 things about irrevocable trusts you should remember
One of the most important things you can do as an adult is to ensure you have your affairs in order in case something happens to you. Getting your estate plan in order is vital. A comprehensive estate plan includes more than just a will. Some individuals choose to...
2 ways a partner can steal from the business
You’ve entered into a business partnership with a long-time friend. Recently, however, you’ve noticed an unusual dip in sales. Could your partner be up to something sinister? Trust is the cornerstone of any successful business partnership. Unfortunately, theft is not...
Conservatorship vs. power of attorney: What to Know
Creating a plan to deal with your incapacitation can be a challenging part of estate planning. However, since your family is important, you must ensure they will be cared for if something happens. If you are trying to figure out how to handle this situation, consider...
2 things that can make your will ambiguous
Estate planning ensures your loved ones are taken care of when you become incapacitated or die. Its primary elements protect your assets and distribute them according to your wishes. And a will is one of the essentials. Your will should be clear to make work more...
What is a pour-over will?
A pour-over will is an estate planning tool that can ensure that all your assets are accounted for. It avoids the problems that can occur when people are left wondering what to do with assets that you forgot to include in your estate plan. When you first create your...
3 attributes of good estate executor
Once you have made your estate plan, you need to designate someone to put it into practice when you pass away. If you forget to pick someone, the probate court will choose someone for you, but typically it’s best to make your own choice. Here are some qualities you...
What can you do with your estate if you have no children?
In the modern world, families can look a lot different than they did when you were growing up. They can have the typical mother, father and kids, or they can comprise two adults who never plan to have children. Like many others, you may think you do not need estate...
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...