Darling & Wilson, PC Legal Blog
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...
Will your estate plan benefit from powers of attorney?
If you are new to estate planning, you might not understand what one or more powers of attorney can do for you and your family. These legal documents empower you to address several different issues in your estate plan. As a bonus, well-drafted powers of attorney can...
Doctors’ duties regarding your Advance Health Care Directive
A California Advance Health Care Directive is a crucial part of any estate plan. All adults can benefit from having one in place because it allows you to make your wishes for medical treatment or ending of treatment known if you’re unable to speak for yourself. Most...
Two reasons to create a trust for college tuition
As you consider how you want to leave an inheritance to your family, you may decide that you want to pay for your grandchildren's college tuition. You want to leave money behind so that you know they can get an education without having to worry about the cost,...
If your parents die in debt, do you have to pay?
When your parents passed away, you knew that they would have assets to leave you. You also knew that they had named you as the estate executor. You are the one who is in charge of gathering up those assets, reading the will, talking to the other family members and...
After a loved one’s passing, do not remove items from their home
Emotions run high after a loved one passes away, even if you knew for a long time that their passing was coming. You may want to return to their home, which could even be your childhood home, to collect sentimental items. You want something to remember them by and you...
Why it might be best to have nonrelatives as trustees
When setting up your estate plan, if it includes a trust, the trustee must manage the capital and handle the fund’s disbursements to your heirs. Naturally, you want to put someone in place whom you trust implicitly. It only makes sense that your first pick might be...
Are your nephews and nieces your heirs?
You don't have any children, but you and your spouse make a good living working in the tech industry. You decide to make an estate plan because you want to ensure that you have some say in what happens to your money and other assets if you were to pass away...
Is a Totten trust part of your estate plan?
There are many parts of estate plans, especially for people who have considerable assets. Some people may have a part of their estate plan already set without even knowing it. When you open a financial account, you might fill out a form that tells the institution who...
When should you update your estate plan?
Make no mistake, life changes. And these changes come in all shapes and forms. People come and go. Circumstances change, too. Just like life, your estate plan should also be something that changes over time. At the very basic, estate planning is the process of...