Estate Planning

March 2024 Corporate Formations

Spring training was back in full swing this year, which meant agents were working hard and players were setting up their entities to hold endorsement deals and updating their estate plans before the season started.  DeAngelis Legal created several new entities for players to assist them with managing their endorsements and drafted new estate plans [...]

By |2024-04-16T16:40:11-07:00April 15th, 2024|Entity Formation, Recent Projects, Estate Planning, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on March 2024 Corporate Formations

Welcome Garren Carroll!

Garren W. Carroll, Esq. has joined DeAngelis Legal as an attorney.  Garren has been practicing general business and estate planning law since 2005.  Prior to joining DeAngelis Legal he worked in private practice and as in-house counsel at a small start-up. Garren regularly represents clients with their estate planning and probate matters, including simple wills, [...]

By |2024-04-16T16:48:58-07:00April 8th, 2024|Past Newsletters, Estate Planning, Business Services, Uncategorized|Comments Off on Welcome Garren Carroll!

February 2024 High Net Worth Estate Plan Review

Ultra high net worth Chandler couple asked for a review of their estate plan and associated estate taxes. DeAngelis Legal performed a comprehensive review of their finances and estate plan, including financial statements, trusts, and beneficiary designations on retirement accounts and life insurance. DeAngelis Legal identified several options for reducing their estate tax obligations by [...]

By |2024-04-30T13:18:50-07:00March 15th, 2024|Recent Projects, Federal Estate Tax, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on February 2024 High Net Worth Estate Plan Review

January 2024 High Net Worth Estate Planning

High net worth second marriage couple from Phoenix desired to review and update their estate plan, which included bequests of sole and separate property to each spouse’s children.    DeAngelis Legal reviewed the couple’s current estate plan, worked with their investment advisor and accountant to identify and resolve a variety of income tax, estate tax and [...]

By |2024-02-02T21:11:03-07:00February 15th, 2024|Recent Projects, Federal Estate Tax, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on January 2024 High Net Worth Estate Planning

January 2024 Trust Administration

Successor trustee desired assistance with the administration of a simple trust. During administration, the beneficiaries of the trust requested that the trustee modify the provisions of the trust, including altering the remainder beneficiaries, one of which was an incapacitated adult. DeAngelis Legal provided proper notice to creditors and beneficiaries, advised the trustee as to permissible [...]

By |2024-02-02T21:07:21-07:00February 15th, 2024|Recent Projects, Probate and Trust Administration, Protecting Family Wealth|Comments Off on January 2024 Trust Administration

January 2024 Estate Planning Update

Estate Planning Update January 2024 1. 2024 Annual Gift Tax Exclusion: increased to $18,000 per donor, per donee. 2. 2024 Gift and Estate Tax Exemption: increased to $13,610,000 per donor through 2025, see #6, an increase of $690,000. 3. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 4. 2023 Generation Skipping Tax Exemption: increased [...]

By |2024-01-22T20:10:52-07:00January 15th, 2024|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Entity Formation, Business Services|Comments Off on January 2024 Estate Planning Update

November 2023 Charitable Giving

During the review and update of a new ultra high net-worth Scottsdale couple’s estate plan, DeAngelis Legal identified estate tax issues, provided alternative solutions for achieving the couple’s charitable giving objectives and restructured their charitable giving to maximize the amount given to charities and the couple’s family members through changes to their revocable trust, retirement [...]

By |2024-01-22T19:40:47-07:00December 15th, 2023|Recent Projects, Federal Estate Tax, Estate Planning, Protecting Family Wealth|Comments Off on November 2023 Charitable Giving

October 2023 Irrevocable Life Insurance Trust

High net-worth Scottsdale couple asked for assistance with funding their revocable trust with complex closely held business interests, retirement accounts and life insurance. DeAngelis Legal assisted with the update of each entity’s corporate records and transfer them to their revocable trust. The updates included amendments to the operating agreement to comply with recent ownership changes [...]

By |2024-01-22T19:35:11-07:00November 15th, 2023|Recent Projects, Federal Estate Tax, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on October 2023 Irrevocable Life Insurance Trust

October 2023 Complex Revocable Trust

High net worth Arizona couple had not reviewed their revocable trust in over ten years. The husband became ill and upon review, their advisors found the trusts to be ambiguous and tax inefficient. DeAngelis Legal worked with the couple and their adult children to evaluate and prepare a comprehensive and complex revocable trust. The new [...]

By |2024-01-22T19:25:34-07:00November 15th, 2023|Recent Projects, Federal Estate Tax, Estate Planning, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on October 2023 Complex Revocable Trust

September 2023 Informal Probate

During the administration of a decedent’s trust, the trustee identified a brokerage account in the decedent’s individual name, even though all other assets were either titled in the name of the revocable trust or transferred outside the trust directly pursuant to a beneficiary designation. Because the account was over the threshold for a small estate [...]

By |2024-01-22T19:16:49-07:00October 15th, 2023|Recent Projects, Probate and Trust Administration|Comments Off on September 2023 Informal Probate
Go to Top