Business Transition Lunch Invite
Business Transition Invitation 5.16.25
Helping Your Children Build Wealth
Net Worth and Home Ownership It starts at home. Home ownership is a cultural mainstay of personal finance in the U.S. The home is often the largest asset we see on a balance sheet of a moderately wealthy family. Unfortunately, recent appreciation in the housing market coupled with increased interest rates is causing declining housing [...]
March 2025 Mergers and Acquisitions
Client previously sold its operating business in better economic times, but the buyer couldn’t perform and ultimately liquidated the business. DeAngelis Legal assisted the client with the delicate multiparty negotiations (landlord, bank, trade creditors) to re-quire the assets of the business, prepared the documentation evidencing the purchase of the assets and closed the re-acquisition of [...]
March 2025 Gifting
Long time clients came in for their five year estate plan review and stated that they were contemplating additional financial gifts to their children. However, they had not addressed important issues regarding this complex and emotional decision. Persons contemplating gifts should ask a few important questions, including: Do you have sufficient capital and resources for [...]
CTA Compliance Update #5 – US Treasury Suspends Enforcement
US Treasury Department Release On March 2, 2025, the United States Treasury Department announced that that it will not enforce any penalties or fines associated with the beneficial ownership reporting rule under the existing regulatory deadlines (currently March 21, 2025) pertaining to the Corporate Transparency Act (“CTA”). Furthermore, it announced that it will not enforce [...]
CTA Compliance Update #4 – Texas Court Lifts Injunction
On February 17, 2025, the U.S. District Court for the Eastern District of Texas granted a Department of Justice request for a stay of the court’s nationwide injunction which had temporarily blocked the enforcement of the Corporate Transparency Act (“CTA”) and its reporting rule (“Reporting Rule”). This ruling effectively revives, again, the requirement for reporting [...]
December 2024 General Business and Estate Plan Update
Scottsdale couple, each with children from a previous marriage, desired to update their general business and estate plans. DeAngelis Legal worked with the couple to design an overall plan that addressed their particular circumstances. DeAngelis Legal drafted the estate plan documents, which included a joint trust, an amended and restated separate property trust for one [...]
December 2024 Consulting Agreement Review
DeAngelis Legal assisted Scottsdale business with the review and revision of a consulting agreement for a large construction project. The agreement presented contained overly broad provisions shifting responsibility to the consultant. DeAngelis Legal provided comments and recommended language changes to the agreement to limit the indemnification provisions, clarify the insurance obligations, expand the termination provisions [...]
December 2024 Industrial Real Estate Acquisition
DeAngelis Legal assisted established Arizona business with the purchase of industrial real estate in Northern Arizona from a large multi-national corporation. DeAngelis Legal drafted and negotiated the letter of intent, purchase agreement and ancillary closing documents and coordinated the satisfaction of title insurance requirements. In addition, DeAngelis Legal created a separate structure for the entity [...]
January 2025 Estate Planning Update
Estate Planning Update January 2025 2024 Annual Gift Tax Exclusion: increased to $19,000 per donor, per donee. 2024 Gift and Estate Tax Exemption: increased to $13,990,000 per donor through 2025 (an increase of $380,000). See paragraph 6 below. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2024 Generation Skipping Tax Exemption: increased to $13,990,000 [...]