After the confidentiality agreement, the Letter of Intent is the next step in the sale of a business and is intended to be a non-binding document which outlines the material deal points of the transaction. Sellers want to know what the material terms of the offer are, and Buyers want to know that their [...]
In a show of how strong the market is right now, we assisted another mid-market Arizona based corporation with the sale of their business. Again, the private equity group and their national law firm insisted on the transaction being structured as an “F-reorganization” for tax purposes in lieu of an asset sale as originally proposed. [...]
Assisted long time mid-market corporate client with the sale of their business. The transaction was structured as an “F-reorganization” for tax purposes in lieu of a stock sale. For a description of the benefits of this type of transaction see https://www.deangelislegal.com/business-services/mergers-acquisitions/ DeAngelis Legal assisted the sellers with all phases of the transaction, including the [...]
Represented current client with the preparation of a revised estate plan. DeAngelis Legal previously represented client with her estate plan and she desired to make changes after her recent wedding. DeAngelis Legal assisted with a review of the previous estate planning documents and helped clarify how assets would be allocated between her new spouse, his [...]
DeAngelis Legal represented the personal representative with a simple probate of a will. Sister died and left a will naming her brother as personal representative and waived bond. DeAngelis Legal prepared, filed and obtained approval of the informal probate of a will application with the Maricopa County Probate Court. Upon the Letters of Personal Representative [...]
Assisted Scottsdale business owner with a comprehensive review of the ownership records and succession plan. DeAngelis Legal worked with the long-term client to prepare a business succession plan of the Company upon the owner’s death or disability, update the entity's corporate records and prepare an amendment to the Stockholders Agreement.
Represented Scottsdale individual with respect to the termination of an irrevocable trust. DeAngelis Legal reviewed the options with the client, prepared a non-judicial settlement agreement to surrender a life insurance policy that was no longer necessary and terminate an irrevocable trust.
Represented Scottsdale attorneys with their core estate planning documents. DeAngelis Legal assisted the couple with the preparation of an estate plan which named guardians for their minor children, created trusts which deferred the children’s control over the assets and integrated other aspects of the couple’s assets such as retirement accounts, real estate and closely held [...]
Scottsdale shareholder of closely held entity identified several corporate issues that needed to be resolved with co-owner. DeAngelis Legal worked with shareholder and co-owner’s counsel to conduct director meetings and provide solutions to current issues and implement a process for resolving future issues.
Estate Planning Update July, 2019 2019 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2019 Gift and Estate Tax Exclusion: $11,400,000 per donor through 2025, see #6 below. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2019 Generation Skipping Tax Exclusion: $11,400,000 per donor through 2025, see #6 below. Top rate for [...]