Protecting Family Wealth

/Protecting Family Wealth

October 2018 LLC Formation and Termination

Created several new limited liability companies (LLCs). DeAngelis Legal represented a couple current and new clients with the formation of LLCs.  DeAngelis Legal assisted the clients with entity type selection and tax classification, preparing the formation documents and filing the Articles with the Arizona Corporation Commission for approval.  DeAngelis Legal also terminated one entity which was [...]

By | 2018-11-18T15:14:56+00:00 November 15th, 2018|Entity Formation, Recent Projects, Business Services, Protecting Family Wealth|Comments Off on October 2018 LLC Formation and Termination

Choice of Entity – Types and Uses of Legal Entities

Choice of Entity The Tax Cuts and Jobs Act signed in December of 2017 reduced the income tax rate on corporations and pass through entities.  The Act, coupled with an increase in business activity in Arizona, has created a lot of questions about the appropriate choice of entity, i.e., what is the best type of [...]

By | 2018-10-23T14:01:36+00:00 October 22nd, 2018|Real Estate, Past Newsletters, Entity Formation, Business Services, Protecting Family Wealth|Comments Off on Choice of Entity – Types and Uses of Legal Entities

Legal Implications of Community Property in Arizona

Legal Implications of Community Property While love may be in the air in the spring, October is the most popular month to get married.  With the excitement of the engagement and all the planning for the wedding, travel and gifts, few couples spend the time to reflect on how their financial rights and obligations will [...]

By | 2018-10-23T13:59:39+00:00 October 20th, 2018|Past Newsletters, Estate Planning, Protecting Family Wealth|Comments Off on Legal Implications of Community Property in Arizona

Types of Insurance Coverage

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 [...]

By | 2018-08-11T16:25:52+00:00 April 25th, 2018|Past Newsletters, Estate Planning, Protecting Family Wealth|Comments Off on Types of Insurance Coverage

Contract Documentation

Contract Documentation Contract documentation is another way to minimize risk.  Whether it is a core business contract or the construction of a personal residence, most contracts understandably focus on price and payment terms, but the other “boilerplate” provisions are equally important.  Every month we prepare or review contracts that attempt to shift the responsibility [...]

By | 2018-05-15T18:50:10+00:00 April 15th, 2018|Business Services, Protecting Family Wealth|Comments Off on Contract Documentation

Legal Structure

 Legal Structure The proper titling of assets combined with entities and irrevocable trusts can significantly enhance the protection of your assets and your family’s wealth.  This does not mean that everyone needs a complex pre-packaged structure of entities and trusts.  In fact, we spend a significant amount of time unwinding these complex structures because [...]

By | 2018-08-11T16:26:35+00:00 April 15th, 2018|Past Newsletters, Estate Planning, Protecting Family Wealth|Comments Off on Legal Structure

Education and Training

Education Everything starts with education, and we are not just talking about learning about asset protection.  In the protecting wealth context, education involves creating a culture around you that values safety, compliance, risk assessment and mitigation.  This includes your business owners, employees and family members.  Let’s explore what can be done prior to an [...]

By | 2018-05-15T18:52:44+00:00 April 5th, 2018|Estate Planning, Protecting Family Wealth|Comments Off on Education and Training