Serving individuals, families & businesses for more than 25 years | Raleigh Durham Cary Chapel Hill. David offers a unique blend of legal experience to families - families in business, families planning for their futures, and families in transition. David attained an advanced tax degree to bring an informed perspective to every stage of family planning, helping to protect the wealth and assets of his clients.
David's experience in these often overlapping legal areas brings a very broad legal perspective to his clients. For example, a divorce will involve changes to the parties' estate planning and may involve business and tax issues as well. Clients who own businesses often have family law, estate planning, and business succession issues in addition to their day to day business issues such as contracts, internal corporate documents, and tax issues.
David's experience in these often overlapping legal areas brings a very broad legal perspective to his clients. For example, a divorce will involve changes to the parties' estate planning and may involve business and tax issues as well. Clients who own businesses often have family law, estate planning, and business succession issues in addition to their day to day business issues such as contracts, internal corporate documents, and tax issues.
Services
An estate plan is something you should have in place at all stages of your adult life so that your wishes regarding the transfer of property to your heirs, appointment of guardians of your children (should that become necessary) and other issues (such as burial and funeral preferences) are honored and conducted as smoothly as possible.
In a family business, a single family controls business activities such as leasing property, strategic planning, marketing of products and succession planning. There are also financial transactions to be considered, including asset purchases, raising capital for business expansion and sales, mergers and acquisitions.
Divorce proceedings in and of themselves can be complicated and challenging matters to deal with. When business ownership is involved, divorce proceedings can become overwhelming issues to deal with alone. Fortunately, with the assistance of an experienced lawyer, you may be able to find the resolutions and closure you need to move on, without harm befalling your business or your financial well being.
David has been a trusted advisor to businesses, individuals and families since 1990 in a wide range of legal practice areas. This breadth of experience brings depth and to his advice and informs his decision making across all his areas of practice.
David spent 10 years practicing business, family law, estate planning and probate in Seattle, WA and then attended the Georgetown School of Law where he obtained a Master of Laws Degree (LL.M) in Taxation with honors.He is included in Best Lawyers in America Trust and Estates Section.
David spent 10 years practicing business, family law, estate planning and probate in Seattle, WA and then attended the Georgetown School of Law where he obtained a Master of Laws Degree (LL.M) in Taxation with honors.He is included in Best Lawyers in America Trust and Estates Section.
A will has legal effect only upon death and thus can be amended or revoked anytime during the testator's life as long as the testator is mentally competent, not being "unduly influenced" and has not agreed in a contract to not amend the will.
Because a will only has legal effect upon death, it is important to appoint persons to act on your behalf during your life if you become mentally or physically incapacitated, which is accomplished using powers of attorney, which are discussed below.Many married people believe their spouse would have the right to act for them in a legal capacity if they become incapacitated without these powers of attorney, but that is not correct.
Because a will only has legal effect upon death, it is important to appoint persons to act on your behalf during your life if you become mentally or physically incapacitated, which is accomplished using powers of attorney, which are discussed below.Many married people believe their spouse would have the right to act for them in a legal capacity if they become incapacitated without these powers of attorney, but that is not correct.
Reviews (3)
Theresa Harris
Oct 02, 2020
Report
David Franklin has helped me form a limited liability company to protect my assets, create an estate plan and create commercial leases and contracts. I have worked with him for more than a decade in both business and estate planning matters.
He is extremely smart, caring and diligent. He was responsive, timely and consistent in his approach.
I strongly recommend his services in all of these areas of law.
He is extremely smart, caring and diligent. He was responsive, timely and consistent in his approach.
I strongly recommend his services in all of these areas of law.
Rick Hamlett
Aug 29, 2020
Report
Jason Hamlett
May 22, 2019
Report
David Franklin handled my father's estate. The estate supposedly signed a piece of land over to my brother and myself, but David Franklin did not do the paperwork correctly and my sister still owns the land and he is refusing to to do the neccessary paperwork that he has already been paid for to make this right. I would not recommend this attorney for any estate planning as it is my opinion that he does not care for the inheritors.
