Estate Planning

/Estate Planning

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+00:00January 21st, 2019|Past Newsletters, Probate and Trust Administration, Estate Planning|Comments Off on Personal Property – Things, UTs and TUTs

January 2019 Estate Plannning Update

Estate Planning Update January, 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 |2019-01-19T15:41:08+00:00January 19th, 2019|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Estate Planning|Comments Off on January 2019 Estate Plannning Update

December Estate Planning

Assisted a wealthy Scottsdale couple with an update to their existing revocable trust. DeAngelis Legal assisted couple with the preparation of a complex trust intended to hold concentrated and illiquid assets and limited rights of the beneficiaries to use the trust assets.

By |2019-01-02T11:33:25+00:00January 15th, 2019|Recent Projects, Estate Planning|Comments Off on December Estate Planning

November Corporate Planning

Represented high net worth Scottsdale couple owning numerous closely held business and real estate interests with a comprehensive review of their corporate plan. DeAngelis Legal reviewed current terms and structure and made significant recommendations to maximize creditor protection, minimize estate taxes and facilitate administration of structure upon a death or disability of the couple.  DeAngelis Legal [...]

By |2019-01-02T11:49:13+00:00December 15th, 2018|Recent Projects, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on November Corporate Planning

November Estate Planning

Represented elderly Scottsdale couple with an update to their estate plan. The retired husband and wife have adult children with different economic means.  DeAngelis Legal reviewed the couple’s current plan, made recommendations, discussed alternatives and drafted a new estate plan creating trusts with third party corporate trustees for their children which had the effect of [...]

By |2019-01-02T11:38:37+00:00December 15th, 2018|Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on November Estate Planning

November Estate Planning

Represented young Scottsdale couple with core estate planning documents. DeAngelis Legal interviewed the young entrepreneur and his wife, made recommendations, and ultimately drafted and implemented a comprehensive estate plan which named guardians for their minor children, created trusts which deferred the children’s control over the assets and integrated other aspects of the couple’s assets and [...]

By |2019-01-02T11:49:51+00:00December 15th, 2018|Estate Planning, Protecting Family Wealth|Comments Off on November Estate Planning

October 2018 Trust and Probate Administration

October was the month of trust and estate administration. DeAngelis Legal assisted several different families with the administration of irrevocable trusts in Scottsdale, the filing of a formal probate of a copy of a will in Maricopa County and in informal probate of a murder victim’s intestate estate in Mohave County.

By |2018-11-18T15:15:58+00:00November 15th, 2018|Recent Projects, Probate and Trust Administration|Comments Off on October 2018 Trust and Probate Administration

Legal Implications of Community Property in Arizona

Legal Implications of Community Property While love may be in the air in the spring, October is the most popular month to get married.  With the excitement of the engagement and all the planning for the wedding, travel and gifts, few couples spend the time to reflect on how their financial rights and obligations will [...]

By |2018-10-23T13:59:39+00:00October 20th, 2018|Past Newsletters, Estate Planning, Protecting Family Wealth|Comments Off on Legal Implications of Community Property in Arizona

July 2018 Estate Plan Update

Estate Planning Update July, 2018 2018 Annual Gift Tax Exemption: increased to $15,000 (from $14,000) per donor, per donee. 2018 Gift and Estate Tax Exemption: $11,180,000 per donor through 2025, see below. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2018 Generation Skipping Tax Exemption: $11,180,000 per donor through 2025, see below. Top rate for [...]

By |2018-08-11T16:23:59+00:00July 15th, 2018|Annual Estate Plan Updates, Past Newsletters|Comments Off on July 2018 Estate Plan Update

June 2018 Trust Administration

Represented trustees with administration of a multi-million dollar trust. Trustees desired to protect beneficiaries and provide for continued management of the trust's assets.  DeAngelis Legal worked with the trustees, beneficiaries and successor co-trustees, including adding a corporate trustee, to resolve the issues and document the transition and ongoing management plan.  The plan included decanting the terms of [...]

By |2018-07-19T18:13:37+00:00July 15th, 2018|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on June 2018 Trust Administration