Darling & Wilson, PC Legal Blog
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...
Which creditors must you contact as representative of an estate?
Whether you volunteered to serve as the representative of someone's estate years ago or the probate courts appointed you, all of the major responsibilities fall to you. A big part of estate administration involves fulfilling someone's outstanding obligations after...
Does your business partner bring enough to the table?
You’ve created, financed and organized your company on your own. So far, the business has been a great success and is continuing to grow. In fact, the growth is so exponential that you're considering enlisting some help. You’re searching for a new business partner...