Blog

Home/Blog/

June 2022 Complex Trust Administration

June marked the end of a four year complex trust administration odyssey.  This administration could have been a television show, as it had every intrigue you can imagine - power struggles, illiquid assets, environmental claims, a defunct closely held business with unpaid claims, an injunction preventing the sale of real estate, property tax claims, third [...]

By |2022-07-21T12:14:07-07:00July 15th, 2022|Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on June 2022 Complex Trust Administration

June 2022 Sale of Goodwill

DeAngelis Legal documented the sale of goodwill of a Phoenix food distributer.  In this friendly sale of the business, the buyer and seller had a long standing relationship.  DeAngelis Legal prepared the purchase and sale agreement on behalf of the seller and the transaction closed with minimal changes from either party.

By |2022-07-21T12:13:28-07:00July 15th, 2022|Recent Projects, Mergers & Acquisitions, Business Services, Succession Planning|Comments Off on June 2022 Sale of Goodwill

June 2022 Employment Agreement

DeAngelis Legal prepared a comprehensive employment agreement with change in control provisions for this Scottsdale based business.  For closely held companies, guaranteeing compensation upon a change in control or sale of the business is better than giving key employees equity in the entity.  The benefits of this structure are (a) the employee does not have [...]

By |2022-07-28T20:03:59-07:00July 15th, 2022|Recent Projects, Business Services|Comments Off on June 2022 Employment Agreement

May 2022 IRA Beneficiary Designations

DeAngelis Legal advised long time Scottsdale clients on appropriate IRA beneficiary designations.  After the 2017 Tax Act, non-spouse beneficiaries can no longer take distributions over their lifetime and in most cases must take all distributions within 10 years of the account owner’s death.  This makes planning for large retirement accounts difficult, especially when you see [...]

By |2022-07-21T12:11:51-07:00June 15th, 2022|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on May 2022 IRA Beneficiary Designations

May 2022 Probate and Trust Administration

An increase in deaths in Arizona over the winter caused an increase in probate and trust administration.  DeAngelis Legal continued to provide assistance to family members with these administrations from the preparation of simple Affidavit of Small Estates and Informal Probates to more complex situations requiring Formal Probates and difficult trust administrations.  Each situation is [...]

By |2022-07-21T12:11:31-07:00June 15th, 2022|Recent Projects, Probate and Trust Administration|Comments Off on May 2022 Probate and Trust Administration

April 2022 Estate Planning for Generational Wealth

DeAngelis Legal prepared the estate plan for a young couple with generational wealth.  This project was made more complicated by one spouse’s interest in four irrevocable trusts and a myriad of out of state family businesses gifted from the spouse’s parents.  While the couple’s planning was simple, DeAngelis Legal assisted the spouse understand her rights [...]

By |2022-07-21T12:11:11-07:00May 15th, 2022|Federal Estate Tax, Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on April 2022 Estate Planning for Generational Wealth

March 2022 Irrevocable Trust Decanting

DeAngelis Legal represented a Scottsdale estate planning client with the decanting of his parent’s irrevocable trust.  The client is a current beneficiary of the trust, but wanted to clarify the terms upon which his children as secondary beneficiaries would receive its assets, especially because one child had special needs. DeAngelis Legal prepared the new trust [...]

By |2022-07-21T12:10:47-07:00April 15th, 2022|Recent Projects, Probate and Trust Administration, Protecting Family Wealth|Comments Off on March 2022 Irrevocable Trust Decanting

February 2022 Informal Probate

DeAngelis Legal assisted two new clients to open informal probate to transfer assets out of the deceased person’s name.  In both situations, the deceased person failed to transfer the asset to their trust and the account custodian (one a financial institution and the other a title company) required “Letters of Personal Representative” before they would [...]

By |2022-07-28T20:04:50-07:00March 15th, 2022|Recent Projects, Probate and Trust Administration|Comments Off on February 2022 Informal Probate

January 2022 Trust Decanting

DeAngelis Legal assisted with the trust decanting of an irrevocable trust.  We prepared the new trust instrument which holds a variety of closely held businesses, real estate entities and marketable securities.  The old instrument was prepared by another law firm and its terms did not meet with the settlors’ intent.  DeAngelis Legal worked with the [...]

By |2022-07-21T12:10:04-07:00February 15th, 2022|Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on January 2022 Trust Decanting

December 2021 Sale of Business

DeAngelis Legal negotiated the terms of the letter of intent and purchase documents and assisted the closing of the sale of the business of a long time corporate client in Phoenix.  DeAngelis Legal had represented the entity since formation over 20 years ago.  Over the years, DeAngelis Legal provided advice on a variety of business [...]

By |2022-07-28T20:00:09-07:00January 15th, 2022|Past Newsletters, Recent Projects, Mergers & Acquisitions, Homepage|Comments Off on December 2021 Sale of Business