Probate and Trust Administration

Home/Estate Planning/Probate and Trust Administration

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

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

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

July 2019 Estate Plan Update

Estate Planning Update July, 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 |2019-07-29T18:13:29-07:00July 22nd, 2019|Annual Estate Plan Updates, Federal Estate Tax, Probate and Trust Administration, Estate Planning|Comments Off on July 2019 Estate Plan Update

May 2019 Trust Administration

Beneficiaries were the victims of bank fraud in Phoenix.  Bank employee embezzled funds from an irrevocable trust for his personal use.  DeAngelis Legal worked with the beneficiaries and the bank to identity fraudulent transactions, complete an audit of the accounts and recover 100% of misappropriated funds and reimbursement of attorney fees incurred.

By |2019-07-17T16:45:49-07:00June 15th, 2019|Recent Projects, Probate and Trust Administration|Comments Off on May 2019 Trust Administration

March 2019 Trust Administration

Represented successor trustee with trust administration.   DeAngelis Legal represented parents with creation of a trust that established sub-trusts for their adult children upon their deaths.  DeAngelis Legal assisted the successor trustee with negotiating and closing the sale of a large Paradise Valley residence, distributing personal property to the beneficiaries, interviewing and selecting an investment advisor, [...]

By |2019-04-23T14:10:47-07:00April 15th, 2019|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on March 2019 Trust Administration

February 2019 Trust Administration

Represented Scottsdale beneficiary with the decanting of an irrevocable trust.  DeAngelis Legal previously represented beneficiary with the termination of different trust and updated his estate plan.  Beneficiary’s parents created an irrevocable trust, but the administrative provisions were inflexible.  DeAngelis Legal prepared the documents necessary to decant the trust into a trust with the same beneficiaries, [...]

By |2019-04-23T14:09:21-07:00March 15th, 2019|Recent Projects, Probate and Trust Administration, Estate Planning, Homepage|Comments Off on February 2019 Trust Administration