Represented Scottsdale property manager with the preparation of a Tenants In Common agreement with his sister. Brother and sister desired to jointly acquire and own Scottsdale real estate. Rather than holding title to the property in a jointly owned entity, the parties desired to hold title separately as tenants in common to preserve income tax [...]
Represented recently divorced Scottsdale client transfer corporate structure. DeAngelis Legal previously represented client with respect to his estate plan and corporate structure. Upon the client’s divorce, he was required to terminate the trust and remove the divorced spouse’s name from the corporate structure. DeAngelis Legal prepared and filed the necessary documents transferring the structure.
Represented two separate clients with the purchase of residential real estate. In each case DeAngelis legal assisted with the review of the purchase contract, title commitment and exceptions, including the CC&Rs, and the closing documents.
Choice of Entity The Tax Cuts and Jobs Act signed in December of 2017 reduced the income tax rate on corporations and pass through entities. The Act, coupled with an increase in business activity in Arizona, has created a lot of questions about the appropriate choice of entity, i.e., what is the best type of [...]
Real Estate and Estate Planning. Assisted trust beneficiary with a co-tenancy agreement with the sister for a family vacation home. DeAngelis Legal successfully drafted, negotiated and implemented the agreement which addressed the use, financial obligations, transfer restrictions, valuation and arbitration of issues related to the joint ownership of the property.
Real Estate. Assisted client with the sale of a retail shopping center. DeAngelis legal advised the seller with respect to the terms of the purchase and sale agreement, the negotiations of changes with the buyer's counsel, the ancillary closing documents and disbursement of the proceeds.
Real Estate. Reviewed and negotiated purchase and sale documents for retail shopping center. Client engaged DeAngelis Legal to review buyer's proposed real estate purchase agreement, advise seller as to issues and suggest changes to minimize future liability. DeAngelis Legal's edits were incorporated into the agreement without objection from buyer or its counsel.
Real Estate. Reviewed and revised simple residential real estate purchase agreement. Client inherited son's personal residence and desired to sell it "as is" and without warranty. Buyer prepared standard Arizona Association of Realtors standard contract, which contained the standard representations and warranties as if client had owned and lived in the residence. DeAngelis Legal revised [...]
Real Estate Created several real estate development and holding companies. DeAngelis Legal advised real estate investors on the formation of a development company and formed the entity to separate gains from investment and gains from development activities. DeAngelis Legal also advised several different clients with the formation of real estate investment holding companies and the [...]
Real Estate Advised husband and wife with the structure, terms and documentation associated with a loan from daughter. Daughter made significant contribution to the acquisition of parent’s personal residence. DeAngelis Legal suggested alternative ways to structure transaction to minimize risk, allocate appreciation and protect the funds contributed. DeAngelis Legal documented the transaction and updated the [...]