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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

Planning for Trust Administration

Trust Administration Administrating a trust post-death should be as easy as your successor trustee accepting the responsibility for the trust, taking control of the assets, satisfying creditors and following the trust’s distribution provisions. Unfortunately, we are seeing longer administration times, most of which could have been greatly reduced with minimal upfront planning. Recent examples we [...]

By |2020-01-25T20:12:28-07:00January 25th, 2020|Past Newsletters, Probate and Trust Administration, Succession Planning, Protecting Family Wealth|Comments Off on Planning for Trust Administration

January 2020 Estate Planning Update

Estate Planning Update January, 2020 2020 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2020 Gift and Estate Tax Exclusion: increased to $11,580,000 per donor through 2025, see #8. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2020 Generation Skipping Tax Exclusion: increased to $11,580,000 per donor through 2025, see #8. [...]

By |2020-01-28T17:21:32-07:00January 15th, 2020|Annual Estate Plan Updates, Federal Estate Tax, Estate Planning, Protecting Family Wealth|Comments Off on January 2020 Estate Planning Update

December 2019 Trust Administration

Assisted personal representative with the administration of an estate and trust.  For the past couple of years DeAngelis Legal assisted the personal representative and trustee gather control over the decedent's assets, liquidate them and this December deliver the final checks to several charitable organizations.  The administration was complicated by the failure of the decedent to [...]

By |2020-01-25T20:57:20-07:00January 15th, 2020|Recent Projects, Probate and Trust Administration, Protecting Family Wealth, Homepage|Comments Off on December 2019 Trust Administration

December 2019 Estate Planning Post-Divorce

Represented husband and wife with their estate planning post-divorce.  DeAngelis Legal had represented the couple jointly for many years.  The couple amicably desired to separate their finances and each engaged DeAngelis Legal to assist them, on an individual basis, with their separate estate plans.  DeAngelis Legal assisted each spouse with the creation of a separate [...]

By |2020-04-11T16:10:28-07:00January 15th, 2020|Recent Projects, Estate Planning, Homepage|Comments Off on December 2019 Estate Planning Post-Divorce

Legally Changing Your Name in Arizona

Legally Changing Your Name in Arizona Tired of being referred to by your given name and not the name you have used for the last 50 years?  Frustrated with being pulled out of the TSA line at the airport because your name doesn’t match your ticket?  Just want to shorten your legal name (i.e., from [...]

By |2020-01-28T17:22:10-07:00November 25th, 2019|Estate Planning|Comments Off on Legally Changing Your Name in Arizona

July 2019 Probate Administration

DeAngelis Legal represented the personal representative with a simple probate of a will.   Sister died and left a will naming her brother as personal representative and waived bond.  DeAngelis Legal prepared, filed and obtained approval of the informal probate of a will application with the Maricopa County Probate Court.  Upon the Letters of Personal Representative [...]

By |2019-08-29T17:53:11-07:00August 15th, 2019|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on July 2019 Probate Administration