Business Transition Lunch Invite
Business Transition Invitation 5.16.25
Helping Your Children Build Wealth
Net Worth and Home Ownership It starts at home. Home ownership is a cultural mainstay of personal finance in the U.S. The home is often the largest asset we see on a balance sheet of a moderately wealthy family. Unfortunately, recent appreciation in the housing market coupled with increased interest rates is causing declining housing [...]
March 2025 Mergers and Acquisitions
Client previously sold its operating business in better economic times, but the buyer couldn’t perform and ultimately liquidated the business. DeAngelis Legal assisted the client with the delicate multiparty negotiations (landlord, bank, trade creditors) to re-quire the assets of the business, prepared the documentation evidencing the purchase of the assets and closed the re-acquisition of [...]
March 2025 Gifting
Long time clients came in for their five year estate plan review and stated that they were contemplating additional financial gifts to their children. However, they had not addressed important issues regarding this complex and emotional decision. Persons contemplating gifts should ask a few important questions, including: Do you have sufficient capital and resources for [...]
Notice of Rate Increase
We hope you’re doing well. It’s been a privilege working with you on your estate planning and additional matters, and we truly value the trust you’ve placed in DeAngelis Legal to handle your legal needs. As things have progressed, and as the demands of the legal profession continue to grow, we’ve taken steps to stay [...]
Small Estate Affidavit Limits Increased
In Arizona, a successor of a decedent may sign an affidavit effectively transferring the decedent's personal property and real estate without the need for a probate if the value of the asset is under certain limits. A.R.S. § 14-3971. On March 31, 2025 the governor signed HB2116 increasing the personal property limit to $200,000 and [...]
February 2025 Informal Probate
It happened again! Successful, smart, responsible Scottsdale couple signed well drafted estate plan documents with another law firm and after signing, promptly threw the documents in a drawer. Fast forward 10+ years, numerous asset acquisitions in their individual names and an unexpected death, the surviving spouse engaged DeAngelis Legal to sort out the mess. DeAngelis [...]
February 2025 Premarital Agreement
New client engaged DeAngelis Legal to review the proposed premarital agreement with a wealthier spouse. DeAngelis Legal advised the client on his rights and obligations post-marriage and provided changes to the agreement which gave each party the protections they desired, but made the terms easier to implement. DeAngelis Legal worked with the spouse’s attorney to [...]
CTA Compliance Update #5 – US Treasury Suspends Enforcement
US Treasury Department Release On March 2, 2025, the United States Treasury Department announced that that it will not enforce any penalties or fines associated with the beneficial ownership reporting rule under the existing regulatory deadlines (currently March 21, 2025) pertaining to the Corporate Transparency Act (“CTA”). Furthermore, it announced that it will not enforce [...]
CTA Compliance Update #4 – Texas Court Lifts Injunction
On February 17, 2025, the U.S. District Court for the Eastern District of Texas granted a Department of Justice request for a stay of the court’s nationwide injunction which had temporarily blocked the enforcement of the Corporate Transparency Act (“CTA”) and its reporting rule (“Reporting Rule”). This ruling effectively revives, again, the requirement for reporting [...]