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 [...]
Because the values of a married couple’s estate and the amount of the estate tax exemption change over time, estate planners commonly use formulas in a will or trust to avoid inadvertently triggering an estate tax on the first spouse’s death. These formulas divide a deceased person's assets between a marital share which qualifies for [...]
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.
High net worth widow knew how she wanted her estate plan handled at death, but was not confident her estate planning attorney understood her desires and therefore had not updated her estate plan in years. After an in-depth review of her finances and objectives, DeAngelis Legal proposed a comprehensive estate plan which achieved her goals [...]
Estate Planning Update July 2025 2025 Annual Gift Tax Exclusion: increased to $19,000 per donor, per donee. 2025 Gift and Estate Tax Exemption: increased to $13,990,000 per donor through 2025 (an increase of $380,000). See paragraph 6 below. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2025 Generation Skipping Tax Exemption: increased to $13,990,000 [...]
Does your estate plan look like this old mine? The pieces are there, but you just don’t know if it is going to work. Not all things stand the test of time, and that includes estate plans. Is it time to review your estate plan? DeAngelis Legal has updated and administered estate plans drafted before [...]
