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FTC Bans Noncompete Provisions

On April 23, 2024, the Federal Trade Commission issued its final rule banning noncompetition (noncompete) provisions for all workers as an unfair method of competition.   The U.S. Chamber of Commerce has vowed to challenge the ruling, but employers need to start understanding the law and how it will impact their documents and their worker’s rights. [...]

By |2024-04-30T13:40:21-07:00April 23rd, 2024|Past Newsletters, Business Services, Protecting Family Wealth, Homepage|Comments Off on FTC Bans Noncompete Provisions

CTA Compliance Update – Seven Tips

Four months into complying with the Corporate Transparency Act (CTA), we have picked up a few tips that we thought would be helpful to pass along. Background. The CTA is a federal registration program for business owners administered by the Financial Crimes Enforcement Network (FinCEN). Compliance began January 1, 2024 and involves several disclosure requirements [...]

By |2024-04-30T12:01:43-07:00April 22nd, 2024|Past Newsletters, Entity Formation, Business Services, Homepage|Comments Off on CTA Compliance Update – Seven Tips

March 2024 Insurance Holding Company

A closely held corporate client had previously established a sophisticated shareholders agreement that provided for the purchase and sale of the entity’s shares upon certain triggering events. The purchase price was funded with large insurance policies on the lives of the shareholders.  Unfortunately, instead of naming the third-party trustee as the owner, the insurance agent [...]

By |2024-04-16T16:52:40-07:00April 15th, 2024|Entity Formation, Recent Projects, Business Services, Succession Planning, Protecting Family Wealth|Comments Off on March 2024 Insurance Holding Company

March 2024 Corporate Formations

Spring training was back in full swing this year, which meant agents were working hard and players were setting up their entities to hold endorsement deals and updating their estate plans before the season started.  DeAngelis Legal created several new entities for players to assist them with managing their endorsements and drafted new estate plans [...]

By |2024-04-16T16:40:11-07:00April 15th, 2024|Entity Formation, Recent Projects, Estate Planning, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on March 2024 Corporate Formations

Welcome Garren Carroll!

Garren W. Carroll, Esq. has joined DeAngelis Legal as an attorney.  Garren has been practicing general business and estate planning law since 2005.  Prior to joining DeAngelis Legal he worked in private practice and as in-house counsel at a small start-up. Garren regularly represents clients with their estate planning and probate matters, including simple wills, [...]

By |2024-04-16T16:48:58-07:00April 8th, 2024|Past Newsletters, Estate Planning, Business Services, Uncategorized|Comments Off on Welcome Garren Carroll!

February 2024 High Net Worth Estate Plan Review

Ultra high net worth Chandler couple asked for a review of their estate plan and associated estate taxes. DeAngelis Legal performed a comprehensive review of their finances and estate plan, including financial statements, trusts, and beneficiary designations on retirement accounts and life insurance. DeAngelis Legal identified several options for reducing their estate tax obligations by [...]

By |2024-04-30T13:18:50-07:00March 15th, 2024|Federal Estate Tax, Recent Projects, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on February 2024 High Net Worth Estate Plan Review

February 2024 Corporate Dissolutions

Several clients had entities with little or no purpose, so we began the dissolution and termination process. In addition to starting the statute of limitations on potential claims and limiting the potential for fraud, cleaning up your corporate structure will make it easier to administer of your affairs upon a death or disability and avoids [...]

By |2024-03-13T18:46:07-07:00March 15th, 2024|Recent Projects, Business Services, Protecting Family Wealth, Homepage|Comments Off on February 2024 Corporate Dissolutions

January 2024 High Net Worth Estate Planning

High net worth second marriage couple from Phoenix desired to review and update their estate plan, which included bequests of sole and separate property to each spouse’s children.    DeAngelis Legal reviewed the couple’s current estate plan, worked with their investment advisor and accountant to identify and resolve a variety of income tax, estate tax and [...]

By |2024-02-02T21:11:03-07:00February 15th, 2024|Federal Estate Tax, Recent Projects, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on January 2024 High Net Worth Estate Planning

January 2024 Trust Administration

Successor trustee desired assistance with the administration of a simple trust. During administration, the beneficiaries of the trust requested that the trustee modify the provisions of the trust, including altering the remainder beneficiaries, one of which was an incapacitated adult. DeAngelis Legal provided proper notice to creditors and beneficiaries, advised the trustee as to permissible [...]

By |2024-02-02T21:07:21-07:00February 15th, 2024|Recent Projects, Probate and Trust Administration, Protecting Family Wealth|Comments Off on January 2024 Trust Administration
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