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Quinn Celebrates 25 Years of Practicing Law

For Quinn the practice of law started as a job, turned into a career and is evolving into a lifetime journey. He is grateful for the support of clients, attorneys and staff who have assisted him every step of the way and humbled by their kind words as he passes the quarter century mark. Practicing [...]

By | 2017-12-06T11:57:15+00:00 October 30th, 2017|Uncategorized|Comments Off on Quinn Celebrates 25 Years of Practicing Law

September 2017 Mergers and Acquisitions

September 2017 Mergers and Acquisitions Represented the seller with the negotiation and documentation of the sale of a veterinary hospital.  DeAngelis Legal previously represented the seller for over 10 years, from formation and opening of the hospital to a variety of leasing and general business matters.  DeAngelis Legal advised the seller from letter of intent [...]

By | 2017-10-30T18:55:16+00:00 October 15th, 2017|Homepage, Mergers & Acquisitions, Recent Projects|Comments Off on September 2017 Mergers and Acquisitions

September 2017 Probate and Trust Administration

September 2017 Probate and Trust Administration Assisted the successor trustee and personal representative with the documents necessary to gain control over decedent’s assets.  The decedent failed to fully fund the trust, therefore an informal probate was required.  DeAngelis Legal prepared the application documents and obtained Letters of Personal Representative in addition to the trust documents [...]

By | 2017-12-06T11:57:16+00:00 October 15th, 2017|Recent Projects|Comments Off on September 2017 Probate and Trust Administration

August 2017 Trust Administration

August 2017 Trust Administration Assisted surviving spouse with the administration of a complex trust.  Couple’s estate consisted of illiquid assets including a family business, large Arizona residence and California commercial property.  DeAngelis Legal worked with the client’s CPA to prepare and file the IRS Form 706 Estate Tax Return, allocate assets among the various sub-trusts [...]

By | 2017-12-06T11:57:16+00:00 September 15th, 2017|Recent Projects|Comments Off on August 2017 Trust Administration

August 2017 Entity Formation

August 2017 Entity Formation Created real estate holding company and loan documents.  Parent and child desired to purchase real estate.  Prior to forming the entity, DeAngelis Legal discussed issues, objectives and alternatives with the parent and recommended an alternative structure to achieve the family’s objectives in an easy to maintain and tax efficient structure.  DeAngelis [...]

By | 2017-10-30T16:09:25+00:00 September 15th, 2017|Recent Projects|Comments Off on August 2017 Entity Formation

July, 2017 Succession Planning

July 2017 Succession Planning. Documented the exercise of a put option established under a previous comprehensive succession plan for long time family owned business.  The company purchased the remaining interests of a minority shareholder, consolidating ownership and creating liquidity for the departing owner.  DeAngelis Legal previously worked with the business to establish the succession plan [...]

By | 2017-12-06T11:57:16+00:00 August 15th, 2017|Homepage, Recent Projects, Succession Planning|Comments Off on July, 2017 Succession Planning

July 2017 Estate Planning.

July 2017 Estate Planning. Reviewed, commented and implemented a marital agreement prior to a client’s second marriage.  DeAngelis Legal educated the client on the differences between community property and sole and separate property and marital obligations in addition to reviewing the marital agreement.  DeAngelis Legal also prepared

By | 2017-12-06T11:57:16+00:00 August 15th, 2017|Recent Projects|Comments Off on July 2017 Estate Planning.

July 2017 Operating Agreements for LLCs

LLC News.  Limited liability companies or LLCs have become the entity of choice over the last 20 years and can be used for a variety of purposes from a single member real estate holding company to a multimember operating business and everything in between.  The lack of annual filing requirements, flexible taxation and ease to [...]

By | 2017-12-06T11:57:16+00:00 July 15th, 2017|Business Services|Comments Off on July 2017 Operating Agreements for LLCs

July 2017 Estate Planning Update

 Estate Planning Update  July, 2017 2017 Annual Gift Tax Exemption:  remains at $14,000 per donor, per donee. 2017 Gift and Estate Tax Exemption:  rose to $5,490,000 per donor, inflation adjusted. Marital Deduction for Transfers to U.S. Spouse:  unlimited. 2017 Generation Skipping Tax Exemption:  $5,490,000 per donor, inflation adjusted. Top rate for Federal Estate, Gift and Generation [...]

By | 2017-12-06T11:57:16+00:00 July 15th, 2017|Annual Estate Plan Updates, Estate Planning, Federal Estate Tax|Comments Off on July 2017 Estate Planning Update

June, 2017 Informal Probate.

June, 2017 Informal Probate.  Prepared and filed documents for informal probate of will and appointment of personal representative with the Probate Court.  DeAngelis legal assisted two separate clients obtain Letters of Personal Representative from the Probate Court, even though the decedents had valid trusts created by another attorney.  Not all assets were transferred to the [...]

By | 2017-12-06T11:57:16+00:00 July 15th, 2017|Recent Projects|Comments Off on June, 2017 Informal Probate.