Estate Planning Update July 2026 2026 Annual Gift Tax Exclusion: remains $19,000 per donor, per donee. 2026 Gift and Estate Tax Exemption: increased to $15,000,000 per person this year (an increase of $110,000 per individual or $220,000 for a married couple) and made permanent. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2026 Generation [...]
In today’s evolving workplace, clarity and consistency are essential for building strong employer-employee relationships. One of the most effective tools for achieving this is a well-drafted employment agreement. Far from being just a formality, an employment agreement plays an important role in protecting businesses, setting expectations, and fostering long-term success. What is an Employment Agreement? [...]
High net worth Scottsdale couple sought assistance with creating a structure and strategy to make lifetime gifts to their children. DeAngelis Legal advised the clients on the varying interests of their children in the family business and income and estate tax issues. We also worked with the client’s bookkeeper, accountant and banker to design, draft [...]
Long time corporate client asked DeAngelis Legal to review a detailed letter of intent from a potential purchaser. DeAngelis Legal advised the client regarding its terms and revised the agreement to incorporate the client's desires. We also updated the entity’s records so they were up to date if a transaction occurs.
Long time high net worth Arizona based client desired to make large lifetime gifts to his children. DeAngelis Legal advised the client regarding funding, control and use of the gifts to take advantage of the new 2026 estate tax exemptions, protect the assets from the children’s creditors and control the disposition of the funds. We worked [...]
DeAngelis Legal performed a five-year review of a current high net worth Scottsdale couple’s estate plan in connection with the 2025 estate tax changes. After the review, the couple identified several areas that they desired to change, including the distribution scheme and lifetime gifting. DeAngelis Legal prepared the updated estate plan documents and implemented the [...]
Corporate client in Phoenix desired to create a new construction company with a minority owner. DeAngelis Legal formed the entity and integrated the entity into their estate plan structure and advised the client with the selection of the type of entity, tax characterization and the terms of operating agreement. We also drafted the formation documents.
Retiring owner of a Scottsdale business desired to sell her closely held LLC interest, triggering the buy-sell provisions of the operating agreement. DeAngelis Legal assisted the manager of the LLC to comply with the terms of the operating agreement and prepare the necessary documents implementing the transaction.
DeAngelis Legal provided legal services to a local physician regarding the sale of his medical practice in Arizona. We advised the client throughout the negotiations, which included the review of several letters of intent, drafting transaction documents and successfully closing the transaction. Even with several moving parts, the transaction was completed within six weeks. Congratulations [...]
Winter usually results in several deaths, but this January DeAngelis Legal was hit especially hard with several long-time and beloved clients dying over the holidays triggering the provisions of their formerly revocable trusts. Over time, we develop an affinity for our clients and learn so much from them that we also grieve their premature death. [...]
