Probate and Trust Administration

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December 2022 Trust Administration

DeAngelis Legal resolved trust administration disputes between a trustee and beneficiary.  Upon death, a parent set up a trust for a beneficiary naming the beneficiary’s older sibling as trustee. Over the years, the Trustee and beneficiary clashed over budgets, distributions, and reporting which adversely impacted their relationship.  DeAngelis Legal advised the trustee, coordinated delivery of [...]

By |2023-01-23T14:58:14-07:00January 15th, 2023|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on December 2022 Trust Administration

October 2022 Letters of Personal Representative

DeAngelis Legal obtained Letters of Personal Representative for a trustee who identified an asset that was not transferred to the trust.  The deceased participated in his employer’s stock option plan.  Unfortunately, the plan failed to name a beneficiary and the employer would not transfer the asset without the Letters of Personal Representative.  DeAngelis Legal prepared [...]

By |2022-11-13T14:53:02-07:00November 15th, 2022|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on October 2022 Letters of Personal Representative

September 2022 Trust Administration

Sometimes trust administrations are easy.  DeAngelis Legal represented the beneficiary of a trust created by the beneficiary’s parents.  Years of strained relations caused tension between family members, one of which was the trustee.  After obtaining the documents clarifying past transactions, accounting and distribution amounts, the beneficiary signed off on the trust and received his share [...]

By |2022-11-13T14:49:52-07:00October 15th, 2022|Recent Projects, Probate and Trust Administration, Protecting Family Wealth|Comments Off on September 2022 Trust Administration

July 2022 Trust Non-Judicial Settlement Agreement

DeAngelis Legal created another non-judicial settlement agreement modifying the terms of an irrevocable trust.  Decedent died before updating his estate plan, an all-too-common occurrence, leaving the beneficiaries of his trust to piece it together and work out the details themselves.  DeAngelis Legal prepared the settlement agreement, modifying the decedent’s trust to conform with his intentions [...]

By |2022-08-15T16:55:09-07:00August 15th, 2022|Recent Projects, Probate and Trust Administration|Comments Off on July 2022 Trust Non-Judicial Settlement Agreement

June 2022 Complex Trust Administration

June marked the end of a four year complex trust administration odyssey.  This administration could have been a television show, as it had every intrigue you can imagine - power struggles, illiquid assets, environmental claims, a defunct closely held business with unpaid claims, an injunction preventing the sale of real estate, property tax claims, third [...]

By |2022-07-21T12:14:07-07:00July 15th, 2022|Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on June 2022 Complex Trust Administration

May 2022 Probate and Trust Administration

An increase in deaths in Arizona over the winter caused an increase in probate and trust administration.  DeAngelis Legal continued to provide assistance to family members with these administrations from the preparation of simple Affidavit of Small Estates and Informal Probates to more complex situations requiring Formal Probates and difficult trust administrations.  Each situation is [...]

By |2022-07-21T12:11:31-07:00June 15th, 2022|Recent Projects, Probate and Trust Administration|Comments Off on May 2022 Probate and Trust Administration

April 2022 Estate Planning for Generational Wealth

DeAngelis Legal prepared the estate plan for a young couple with generational wealth.  This project was made more complicated by one spouse’s interest in four irrevocable trusts and a myriad of out of state family businesses gifted from the spouse’s parents.  While the couple’s planning was simple, DeAngelis Legal assisted the spouse understand her rights [...]

By |2022-07-21T12:11:11-07:00May 15th, 2022|Federal Estate Tax, Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on April 2022 Estate Planning for Generational Wealth

March 2022 Irrevocable Trust Decanting

DeAngelis Legal represented a Scottsdale estate planning client with the decanting of his parent’s irrevocable trust.  The client is a current beneficiary of the trust, but wanted to clarify the terms upon which his children as secondary beneficiaries would receive its assets, especially because one child had special needs. DeAngelis Legal prepared the new trust [...]

By |2022-07-21T12:10:47-07:00April 15th, 2022|Recent Projects, Probate and Trust Administration, Protecting Family Wealth|Comments Off on March 2022 Irrevocable Trust Decanting

February 2022 Informal Probate

DeAngelis Legal assisted two new clients to open informal probate to transfer assets out of the deceased person’s name.  In both situations, the deceased person failed to transfer the asset to their trust and the account custodian (one a financial institution and the other a title company) required “Letters of Personal Representative” before they would [...]

By |2022-07-28T20:04:50-07:00March 15th, 2022|Recent Projects, Probate and Trust Administration|Comments Off on February 2022 Informal Probate

January 2022 Trust Decanting

DeAngelis Legal assisted with the trust decanting of an irrevocable trust.  We prepared the new trust instrument which holds a variety of closely held businesses, real estate entities and marketable securities.  The old instrument was prepared by another law firm and its terms did not meet with the settlors’ intent.  DeAngelis Legal worked with the [...]

By |2022-07-21T12:10:04-07:00February 15th, 2022|Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on January 2022 Trust Decanting