Estate Planning Update July 2025 2025 Annual Gift Tax Exclusion: increased to $19,000 per donor, per donee. 2025 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. 2025 Generation Skipping Tax Exemption: increased to $13,990,000 [...]
Scottsdale client is entertaining the sale of a medical practice. DeAngelis Legal assisted the client with the review, negotiation and preparation of “standard” nondisclosure agreements from interested parties. We were able to identify the non-standard terms which had a potentially negative impact on the client's business and successfully negotiated alternative terms that satisfied all parties.
Long time snowbirds decided to make Arizona their primary residence and re-engineer their estate plan. What made this plan interesting is that they have assets in several states, one child running the family business and another child using other assets. DeAngelis Legal worked with the couple to clarify their objectives, balance the interests of their [...]
Arizona client required additional capital to fuel its growth. After evaluating alternatives, the client pursued a commercial line of credit. DeAngelis Legal assisted the client to evaluate the alternatives, negotiated the terms of the line of credit loan agreement, and facilitated closing.
Trade professional desired to purchase the assets of a competitor and engaged DeAngelis Legal to assist with the structure and acquisition documents. The buyer preferred to keep the operations of each business separate and not merge them post-closing. DeAngelis Legal discussed the alternative corporate structures, created the acquiring entity and prepared the documents evidencing the [...]
Business Transition Invitation 5.16.25
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 [...]
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 [...]
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 [...]
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 [...]
