High net-worth Scottsdale couple asked for assistance with funding their revocable trust with complex closely held business interests, retirement accounts and life insurance. DeAngelis Legal assisted with the update of each entity’s corporate records and transfer them to their revocable trust. The updates included amendments to the operating agreement to comply with recent ownership changes [...]
High net worth Arizona couple had not reviewed their revocable trust in over ten years. The husband became ill and upon review, their advisors found the trusts to be ambiguous and tax inefficient. DeAngelis Legal worked with the couple and their adult children to evaluate and prepare a comprehensive and complex revocable trust. The new [...]
New out of state client’s mother and her boyfriend jointly owned their personal residence in Maricopa County as tenants in common and subject to a cohabitation agreement. The cohabitation agreement granted the surviving party an option to acquire the property upon a death. Client’s parent named her child as the designated beneficiary of her half [...]
During the administration of a decedent’s trust, the trustee identified a brokerage account in the decedent’s individual name, even though all other assets were either titled in the name of the revocable trust or transferred outside the trust directly pursuant to a beneficiary designation. Because the account was over the threshold for a small estate [...]
Scottsdale couple desired to update their estate plan and corporate records. Complicating the planning were a mix of community and sole and separate assets, including a legal practice, long-standing construction company, children from a previous marriage and less than complete corporate records. DeAngelis Legal worked with the couple to identify their objectives, discuss alternatives and [...]
Scottsdale couple with adult children desired to update their estate plan. After a quick discussion regarding the assets, the children and the couple’s objectives, DeAngelis Legal created and implemented a simple revocable trust and ancillary documents necessary to achieve their objectives upon disability and death. The documents included wills, financial powers of attorney, healthcare powers [...]
New Scottsdale business client offered a key employee the right to purchase the business. DeAngelis Legal worked with the client and its CPA to structure the terms of the deal and documented the letter of intent, purchase agreement and security documents evidencing the transaction.
Arizona closely held service business navigated the resignation of an employee and the mutual termination of the entirety of their business and employment relationship. DeAngelis Legal reviewed the company’s Buy-Sell Agreement and General Release, responded to the departing employee’s claims, advised the remaining owners of their rights and obligations and successfully negotiated the resolution of [...]
Long time Scottsdale estate and business clients desired to overhaul their estate plan. DeAngelis Legal worked with the clients and their investment advisor to rework goals and objectives, including restructuring the terms of the gifts to their children, evaluating insurance needs and incorporating large gifts to charitable organizations. DeAngelis Legal prepared the documents updating their [...]
Gilbert estate planning and business client got married and required an update to her estate plan to include her new spouse. DeAngelis Legal worked with the client on an appropriate division of her assets between her new spouse and her children from a previous marriage at death in accordance with her desires. DeAngelis Legal prepared [...]
