Estate Planning

/Estate Planning

July 2019 Estate Plan Update

Estate Planning Update July, 2019 2019 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2019 Gift and Estate Tax Exclusion: $11,400,000 per donor through 2025, see #6 below. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2019 Generation Skipping Tax Exclusion: $11,400,000 per donor through 2025, see #6 below. Top rate for [...]

By |2019-07-29T18:13:29-07:00July 22nd, 2019|Annual Estate Plan Updates, Federal Estate Tax, Probate and Trust Administration, Estate Planning|Comments Off on July 2019 Estate Plan Update

June 2019 Estate Planning

Husband and wife recently relocated to Fountain Hills, Arizona.  DeAngelis Legal reviewed their current estate plan documents, provided comments and suggestions and prepared the documents necessary to overhaul their plan to better achieve their objectives.  DeAngelis Legal also provided the couple with alternative gifting strategies.

By |2019-07-17T16:51:19-07:00July 15th, 2019|Recent Projects, Estate Planning, Homepage|Comments Off on June 2019 Estate Planning

May 2019 Simple Estate Plan

Current client’s mother, a Scottsdale resident, with a modest estate needed a new estate plan.  DeAngelis Legal worked with the mother to create a simple will, financial power of attorney, healthcare power of attorney, living will and last instructions.

By |2019-07-17T16:47:53-07:00June 15th, 2019|Recent Projects, Estate Planning|Comments Off on May 2019 Simple Estate Plan

May 2019 Trust Administration

Beneficiaries were the victims of bank fraud in Phoenix.  Bank employee embezzled funds from an irrevocable trust for his personal use.  DeAngelis Legal worked with the beneficiaries and the bank to identity fraudulent transactions, complete an audit of the accounts and recover 100% of misappropriated funds and reimbursement of attorney fees incurred.

By |2019-07-17T16:45:49-07:00June 15th, 2019|Recent Projects, Probate and Trust Administration|Comments Off on May 2019 Trust Administration

March 2019 Trust Administration

Represented successor trustee with trust administration.   DeAngelis Legal represented parents with creation of a trust that established sub-trusts for their adult children upon their deaths.  DeAngelis Legal assisted the successor trustee with negotiating and closing the sale of a large Paradise Valley residence, distributing personal property to the beneficiaries, interviewing and selecting an investment advisor, [...]

By |2019-04-23T14:10:47-07:00April 15th, 2019|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on March 2019 Trust Administration

February 2019 Trust Administration

Represented Scottsdale beneficiary with the decanting of an irrevocable trust.  DeAngelis Legal previously represented beneficiary with the termination of different trust and updated his estate plan.  Beneficiary’s parents created an irrevocable trust, but the administrative provisions were inflexible.  DeAngelis Legal prepared the documents necessary to decant the trust into a trust with the same beneficiaries, [...]

By |2019-04-23T14:09:21-07:00March 15th, 2019|Recent Projects, Probate and Trust Administration, Estate Planning, Homepage|Comments Off on February 2019 Trust Administration

February 2019 Marital Agreement

Represented Scottsdale spouse with respect to a marital agreement and update to estate plan.  DeAngelis Legal previously represented spouse with respect to the termination of an irrevocable trust.  Spouse, with children from a prior marriage, got engaged and desired to define the rights and obligations of each spouse and update his estate plan prior to [...]

By |2019-04-23T14:05:20-07:00March 15th, 2019|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on February 2019 Marital Agreement

January 2019 Trust Administration

Represented beneficiary with respect to his interest in irrevocable trust. Beneficiary’s late spouse left her assets in trust for surviving spouse.  DeAngelis Legal analyzed trust terms, explained terms and alternatives to beneficiary and prepared the documents necessary to exercise beneficiary's rights to without amending or terminating the trust.

By |2019-03-15T19:06:55-07:00February 15th, 2019|Recent Projects, Probate and Trust Administration|Comments Off on January 2019 Trust Administration

Personal Property – Things, UTs and TUTs

“I recommend you dispose of anything that does not fall into one of three categories: currently in use, needed for a limited period of time, or must be kept indefinitely.”― Marie Kondo, “The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing”* Ms. Kondo offers great advice in the above book for discarding [...]

By |2019-01-21T15:35:38-07:00January 21st, 2019|Past Newsletters, Probate and Trust Administration, Estate Planning|Comments Off on Personal Property – Things, UTs and TUTs