Estate Planning

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May 2020 Estate Planning for Second Marriage

Represented a Scottsdale couple with the preparation of a comprehensive review of their estate plan.  Both spouses in this second marriage had children from their prior marriages and maintained both separate and combined finances.  DeAngelis Legal identified issues, including tax implications and inequities in their proposed structure, identified potential solutions and drafted the appropriate changes [...]

By |2020-07-04T16:06:50-07:00June 15th, 2020|Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on May 2020 Estate Planning for Second Marriage

April 2020 Estate Planning

Not surprisingly, DeAngelis Legal devoted much of the month of April preparing and finalizing estate plans for physicians, nurses and other healthcare workers in preparation for Arizona's COVID-19 outbreak.  Everything from simple wills to complex trusts, most of which was done on an expedited basis given the COVID-19 crisis.  Preparing these plans required balancing social [...]

By |2020-07-04T15:50:55-07:00May 15th, 2020|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on April 2020 Estate Planning

April 2020 Irrevocable Trust Termination

Scottsdale couple transferred their personal residences to several irrevocable Qualified Personal Residence Trusts (QPRTs) under the advice of prior counsel.  Clients now desired to unwind the transactions.  DeAngelis Legal reviewed the facts, trust documents and client’s objectives in order to propose alternatives for terminating the QPRTs in conjunction with the client’s tax and accounting professionals.  [...]

By |2020-07-04T15:39:41-07:00May 15th, 2020|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on April 2020 Irrevocable Trust Termination

Pandemic Planning for Individuals

DeAngelis Legal's pandemic planning for individuals is a list of topics you should address in light of the COVID-19 outbreak.  For topics related to businesses see Pandemic Planning for Businesses. CARES Act for Individuals. The CARES Act has many provisions benefiting individuals. These pandemic planning topics are wide ranging from the much discussed rebates, to lesser [...]

By |2020-04-27T19:24:18-07:00April 27th, 2020|Past Newsletters, Estate Planning, Protecting Family Wealth|Comments Off on Pandemic Planning for Individuals

March 2020 Informal Intestate Probate

Opened informal intestate probate.  Father prepared his estate plan documents but never signed them.  DeAngelis Legal represented personal representative open an informal intestate probate in Arizona to transfer assets to the beneficiaries.  Using Arizona's simplified and expedited informal probate process, the personal representative was able to gain control over the decedent's assets and distribute the [...]

By |2020-04-11T16:56:04-07:00April 15th, 2020|Recent Projects, Probate and Trust Administration|Comments Off on March 2020 Informal Intestate Probate

March 2020 Estate and Trust Law Specialist

Quinn DeAngelis was re-certified as an Estate and Trust Law Specialist for another five years by the Arizona State Bar Board of Legal Specialization.  Quinn is one of only seven lawyers in Scottsdale currently holding the Estate and Trust Law specialization designation.  From the State Bar of Arizona’s website:  “Being a certified legal specialist is [...]

By |2020-04-27T19:49:16-07:00March 16th, 2020|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on March 2020 Estate and Trust Law Specialist

February 2020 Ultra High Net Worth Estate Planning

Represented long time ultra high net worth clients with an overhaul of their estate plan.  Husband and wife engaged DeAngelis Legal over 20 years ago to assist with their estate planning and amended the plan periodically over the years to account for changes in their family wealth.  They desired to amend their plan to update [...]

By |2020-04-11T16:36:21-07:00March 15th, 2020|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on February 2020 Ultra High Net Worth Estate Planning

February 2020 Separate IRA Accounts for Beneficiaries

Represented surviving children with administration of trust.  Husband and wife each had children from a previous marriage and entered into a trust agreement which became irrevocable upon the first spouse’s death.  Successor trustees engaged DeAngelis Legal to assist them with the administration of the trust and provide solutions for a beneficiary designation that was rejected [...]

By |2020-04-11T16:24:20-07:00March 15th, 2020|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on February 2020 Separate IRA Accounts for Beneficiaries

January 2020 Modified Terms of Irrevocable Trust

Another irrevocable trust bites the dust.  Surviving spouse failed to fund the bypass trust upon her husband’s death.  Trustee engaged DeAngelis Legal to negotiate and draft a non-judicial settlement agreement between the trustees and beneficiaries.  The agreement provided for a revised allocation of the assets upon the surviving spouse’s death and a release of claims [...]

By |2020-04-13T10:17:20-07:00February 15th, 2020|Recent Projects, Probate and Trust Administration|Comments Off on January 2020 Modified Terms of Irrevocable Trust

January 2020 Bob Shane

On January 26, 2020 it was with heavy heart that DeAngelis Legal learned of the passing of longtime client and music legend, Bob Shane of the Kingston Trio.  The Trio was the biggest act of the 1950s and two time Grammy Award winners.  Bob was the lead vocal on the group’s famous songs “Tom Dooley” [...]

By |2020-04-13T10:00:45-07:00January 26th, 2020|Recent Projects, Estate Planning, Homepage|Comments Off on January 2020 Bob Shane