Estate Planning Update July, 2018 2018 Annual Gift Tax Exemption: increased to $15,000 (from $14,000) per donor, per donee. 2018 Gift and Estate Tax Exemption: $11,180,000 per donor through 2025, see below. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2018 Generation Skipping Tax Exemption: $11,180,000 per donor through 2025, see below. Top rate for [...]
Represented several different entrepreneurs with the formation of entities in the medical and construction industries. DeAngelis Legal assisted with the entity selection, structure and prepared the necessary formation documents for the entities which included a comprehensive shareholders agreement, bylaws and employment agreements for one entity and an operating agreement for the other.
Represented trustees with administration of a multi-million dollar trust. Trustees desired to protect beneficiaries and provide for continued management of the trust's assets. DeAngelis Legal worked with the trustees, beneficiaries and successor co-trustees, including adding a corporate trustee, to resolve the issues and document the transition and ongoing management plan. The plan included decanting the terms of [...]
Represented husband and wife with reorganization of their various real estate and construction entities. Couple had several entities, an operating company and properties held outside the structure. DeAngelis legal reviewed and updated the corporate structure to limit their liability exposure and address income tax compliance issues. We also prepared the deeds and governing instruments.
May 2018 Sophisticated Estate Planning Represented Canadian citizens, but permanent residents of the United States, with the review, preparation and implementation of a comprehensive trust. Couple relocated to the United States after selling their business. They have two adult children and a large estate. Working with a large financial institution, DeAngelis Legal led the process [...]
Quinn has been participating on the State Bar's Business Law Section committee reviewing and drafting Arizona's new Limited Liability Company Act that was signed into law April 10, 2018. He is also on the panel of speakers introducing the legislation at the State Bar Convention in June. The Act does not become effective until September [...]
Represented couple with the termination of an irrevocable trust, re-assignment of a life insurance policy and overhaul of their estate plan documents. Over the last thirty years the couple accumulated a hodgepodge of entities and trusts. DeAngelis reviewed the documents, proposed and implemented a re-organization of their estate plan, including the termination of an irrevocable [...]
Types of Insurance There are may different types of insurance coverage Life insurance is usually your primary defense and has the two-pronged effect of protecting your family’s assets from being depleted or lost and providing liquidity. This post lists the various types of insurance for you to consider and briefly introduces some of their [...]