Entity Formation Created consulting company, an investment company and several real estate investment companies for retired executive. DeAngelis Legal previously represented the executive and his spouse with their estate planning. Upon retirement, executive decided to provide consulting services on a limited basis and began investing in several private equity and real estate projects. Working with [...]
Probate Represented personal representative in opening a simple informal probate for deceased friend without a will. Elderly woman’s former husband died without a will, leaving unpaid obligations including debt to woman secured by real estate. DeAngelis Legal assisted friend of woman to be informally appointed as Personal Representative of the former husband’s estate. After appointment, [...]
Mergers and Acquisitions; Real Estate Represented the buyer with the acquisition of a dental practice and office condominium. DeAngelis Legal has represented this client since 1994, working on the acquisition of his first dental practice. Now, twenty years later, this successful dentist acquired his third practice and a commercial office condominium simultaneously. DeAngelis Legal documented [...]
Estate Planning Assisted young couple to create and implement simple estate plan and real estate holding company. Shortly after the birth of the first child, this couple wanted to insure that the child would receive funds to cover living, healthcare and educational expenses, but wanted a trusted family member to control the investment and management [...]
Trust Administration Represented couple with the administration of an irrevocable life insurance trust. Couple created a life insurance trust in the 90s with a prior advisor and attorney who served as trustee. Unfortunately, the trustee failed to review the insurance policy and administer the trust properly. In connection with their new investment advisor, DeAngelis Legal [...]
Business Law Advised company with a comprehensive review and update to their business succession plan and documented update to comprehensive shareholders agreement. This 30 year old private company is family owned by three siblings, two of which do not work in the company. DeAngelis Legal explored liquidity alternatives for the shareholders during their lifetime and [...]
Probate Represented the surviving spouse with the formal appointment as personal representative of deceased spouse’s estate without the original will. Couple previously prepared estate plan with another attorney. Husband unexpectedly died, but spouse could not locate original will and was required to open a probate to transfer assets out of the deceased husband’s name. DeAngelis [...]
Trust Administration Represented surviving spouse with allocation of assets among sub-trusts upon the death of spouse. Having recently completed their estate plan, this elderly couple had an expected death. DeAngelis Legal assisted the surviving spouse wrap up the affairs of the deceased spouse and allocate the assets between the Survivor’s, Marital and Family trusts. DeAngelis [...]
Mergers and Acquisitions Represented the buyer with the negotiations and documentation relating to the acquisition of an interest in a design firm. This closely held long time Arizona firm had a minority owner that desired to retire. DeAngelis Legal provided a review and explanation of the transaction documents as well as the operating agreement and [...]
Estate Planning Update 2016 2016 Annual Gift Tax Exemption: remains at $14,000 per donor, per donee. 2016 Gift and Estate Tax Exemption: rose to $5,450,000 per donor, inflation adjusted. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2016 Generation Skipping Tax Exemption: $5,450,000 per donor, inflation adjusted. Top rate for Federal Estate, Gift and Generation Skipping [...]
