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July 2021 Estate Planning Update

 Estate Planning Update July, 2021 1. 2021 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2. 2021 Gift and Estate Tax Exemption: increased to $11,700,000 per donor through 2025, see #6. 3. Marital Deduction for Transfers to U.S. Spouse: unlimited. 4. 2021 Generation Skipping Tax Exclusion: increased to $11,700,000 per donor through [...]

By |2021-08-04T17:56:26-07:00July 20th, 2021|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Estate Planning, Protecting Family Wealth, Uncategorized|Comments Off on July 2021 Estate Planning Update

June 2021 Letters of Intent

Business activity is normalizing, with merger and acquisition increasing.  In June DeAngelis Legal reviewed two letters of intent, prepared another and talked with several other business owners who were considering a transaction.  We had not seen this level of activity since 2019, but it remains to be seen whether the activity will continue or result [...]

By |2021-07-31T07:28:36-07:00July 15th, 2021|Past Newsletters, Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on June 2021 Letters of Intent

June 2021 Probate and Trust Administration

The death toll resulting from COVID-19 continues to climb.  June was no exception, with several new probates opened and trusts administered.  A common theme among them was the failure to find the decedent’s original documents.  The probate process is one of the few remaining areas where an original will is still required.  This is because [...]

By |2021-07-31T06:56:10-07:00July 15th, 2021|Past Newsletters, Recent Projects, Probate and Trust Administration, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on June 2021 Probate and Trust Administration

Delegation of Trustee Powers

DELEGATION OF TRUSTEE POWERS When a client has a large asset base and a trust that will continue for a long period of time or in perpetuity, trustee selection often becomes an important issue to address. There may not be another person the client trusts to make decisions or who has the sophistication to invest, [...]

By |2021-07-01T20:25:36-07:00June 15th, 2021|Probate and Trust Administration, Estate Planning, Protecting Family Wealth|Comments Off on Delegation of Trustee Powers

May 2021 Estate Planning and Corporate Update

Long time Phoenix husband and wife clients own a closely held business among other assets.  DeAngelis Legal met with the new clients to discuss their objectives and alternatives and drafted the updated wills, revocable trust, powers of attorney and ancillary documents to achieve their objectives.  DeAngelis Legal also updated the corporate records of their business, [...]

By |2021-06-25T17:27:50-07:00June 15th, 2021|Recent Projects, Estate Planning, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on May 2021 Estate Planning and Corporate Update

May 2021 Complex Estate and Business Planning

New Surprise client had complex and illiquid business and real estate structure with his son intertwined with the estate plan of his deceased spouse.  DeAngelis Legal retraced years of financial transactions, met with the client regarding his documents and objectives and developed a plan for moving forward.  The plan cleaned up and documented past transactions, [...]

By |2021-06-25T17:24:45-07:00June 15th, 2021|Recent Projects, Probate and Trust Administration, Estate Planning, Homepage|Comments Off on May 2021 Complex Estate and Business Planning

May 2021 General Business

In May we saw a significant uptick in business transactions and investment activity, including the review and analysis of start up companies.  In one such matter, DeAngelis Legal reviewed the proposed documents, assisted the client in negotiations and structuring of the investment and documented the transaction.  Documents included a promissory note and security agreement and [...]

By |2021-06-25T17:21:11-07:00June 15th, 2021|Mergers & Acquisitions, Business Services, Homepage|Comments Off on May 2021 General Business

April 2021 Estate Planning Post-Divorce

Unfortunately, divorce is a fact of life and has a significant impact on the legal rights of the spouses.  In addition to changing their status on Facebook, spouses need to consider the impact the divorce will have on their estate plan.  In this matter, DeAngelis Legal discussed the impact on the estate plan post-divorce, offered [...]

By |2021-06-25T17:16:46-07:00May 15th, 2021|Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on April 2021 Estate Planning Post-Divorce

April 2021 Sophisticated Estate Tax Planning

New Scottsdale client relocating from Nevada asked DeAngelis Legal to review her estate plan documents prepared by a firm in Nevada.  The sophisticated estate tax plan included a revocable trust, irrevocable trust and family limited partnership.  DeAngelis Legal provided a summary of the documents and recommendations.  After reviewing the suggestions with the client, DeAngelis Legal [...]

By |2021-06-25T17:12:43-07:00May 15th, 2021|Federal Estate Tax, Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on April 2021 Sophisticated Estate Tax Planning

April 2021 Legal Name Change

New client had a long list of previously used names and desired to clean it up legally.  DeAngelis Legal prepared the pleadings and supporting documents to legally change her name to her preferred name, obtained the court order and provided an outline of the next steps.  For more on how to legally change your name [...]

By |2021-06-25T17:08:32-07:00May 15th, 2021|Recent Projects, Estate Planning|Comments Off on April 2021 Legal Name Change