Unmarried Scottsdale couple desired to purchase a personal residence together, but wanted their respective families to receive the financial benefit from the investment upon their death. DeAngelis Legal worked with the client to create a tenants in common agreement, which addressed who would be responsible for managing the property, how expenses related to the property [...]
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 [...]
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 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.
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. [...]
Estate Planning Update January 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. See paragraph 6(a) below. Marital Deduction for Transfers to U.S. Spouse: [...]
Ultra-high net worth client entered into negotiations to sell his business. The business’s attorneys handled the transaction documents, but DeAngelis Legal assisted the client to evaluate various transaction structures to reduce or defer income taxes on the transaction. After reviewing the alternatives, DeAngelis Legal created a new entity and other documents implementing the structure.
