Estate Planning

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

August 2023 Estate Plan and Corporate Records Update

Scottsdale couple desired to update their estate plan and corporate records.  Complicating the planning were a mix of community and sole and separate assets, including a legal practice, long-standing construction company, children from a previous marriage and less than complete corporate records.  DeAngelis Legal worked with the couple to identify their objectives, discuss alternatives and [...]

By |2024-01-18T19:46:12-07:00September 15th, 2023|Recent Projects, Entity Formation, Estate Planning, Homepage|Comments Off on August 2023 Estate Plan and Corporate Records Update

August 2023 Simple Estate Plan

Scottsdale couple with adult children desired to update their estate plan.  After a quick discussion regarding the assets, the children and the couple’s objectives, DeAngelis Legal created and implemented a simple revocable trust and ancillary documents necessary to achieve their objectives upon disability and death.  The documents included wills, financial powers of attorney, healthcare powers [...]

By |2024-01-18T19:41:41-07:00September 15th, 2023|Recent Projects, Estate Planning|Comments Off on August 2023 Simple Estate Plan

July 2023 Sophisticated Estate Planning

Long time Scottsdale estate and business clients desired to overhaul their estate plan.  DeAngelis Legal worked with the clients and their investment advisor to rework goals and objectives, including restructuring the terms of the gifts to their children, evaluating insurance needs and incorporating large gifts to charitable organizations.  DeAngelis Legal prepared the documents updating their [...]

By |2024-01-18T19:54:58-07:00August 15th, 2023|Recent Projects, Federal Estate Tax, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on July 2023 Sophisticated Estate Planning

July 2023 Estate Plan and Marital Agreement

Gilbert estate planning and business client got married and required an update to her estate plan to include her new spouse.  DeAngelis Legal worked with the client on an appropriate division of her assets between her new spouse and her children from a previous marriage at death in accordance with her desires.  DeAngelis Legal prepared [...]

By |2024-01-18T19:51:54-07:00August 15th, 2023|Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on July 2023 Estate Plan and Marital Agreement

Residential Real Estate

Residential real estate continues to be a significant asset in most estates we plan.  It also continues to cause considerable issues with the estates and trusts we administer.  Whether caused by poor financial planning, poor estate planning or poor execution, the result is always the same – increased family discord, frustration and expense during administration [...]

By |2023-07-27T14:34:43-07:00July 22nd, 2023|Past Newsletters, Probate and Trust Administration, Estate Planning|Comments Off on Residential Real Estate

July 2023 Estate Planning Update

Estate Planning Update July 2023 2023 Annual Gift Tax Exclusion: increased to $17,000 per donor, per donee. 2023 Gift and Estate Tax Exemption: increased to $12,920,000 per donor through 2025, see #6, an increase of $860,000. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2023 Generation Skipping Tax Exclusion: increased to $12,920,000 per donor [...]

By |2023-07-25T10:27:39-07:00July 22nd, 2023|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Recent Projects, Probate and Trust Administration, Estate Planning|Comments Off on July 2023 Estate Planning Update

June 2023 Informal Probate

At the end of the administration of a trust, the title company required the trustee to open a probate and obtain letters of personal representative before closing. This is the second matter in as many months where DeAngelis Legal has had to deal with simple mistakes that caused significant delays and additional expenses in trust [...]

By |2023-07-27T14:37:07-07:00July 15th, 2023|Past Newsletters, Recent Projects, Probate and Trust Administration, Homepage|Comments Off on June 2023 Informal Probate

May 2023 Formal Probate

Trustee of a large estate identified a small investment account that was not transferred to the decedent’s revocable trust during his lifetime (mistake #1).  Unfortunately, while making a copy of his will prior to his death the decedent had mixed the pages of the original and the copy (mistake 2), so while we had the [...]

By |2023-07-09T12:16:42-07:00June 15th, 2023|Past Newsletters, Recent Projects, Probate and Trust Administration, Homepage|Comments Off on May 2023 Formal Probate

April 2023 Marital Agreement

A recently re-married Scottsdale client desired to define the financial relationship with their spouse. DeAngelis Legal met with the client identifying common issues and solutions and drafted a comprehensive agreement addressing issues such as the waiver of community property laws, the waiver of the obligation to provide support, restricting gifts and joint debts, and providing [...]

By |2023-07-09T12:15:44-07:00May 15th, 2023|Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on April 2023 Marital Agreement
Go to Top