Probate and Trust Administration

Small Estate Affidavit Limits Increased

In Arizona, a successor of a decedent may sign an affidavit effectively transferring the decedent's personal property and real estate without the need for a probate if the value of the asset is under certain limits. A.R.S. § 14-3971. On March 31, 2025 the governor signed HB2116 increasing the personal property limit to $200,000 and [...]

By |2025-04-28T13:49:39-07:00April 2nd, 2025|Past Newsletters, Probate and Trust Administration, Estate Planning, Homepage|Comments Off on Small Estate Affidavit Limits Increased

February 2025 Informal Probate

It happened again!  Successful, smart, responsible Scottsdale couple signed well drafted estate plan documents with another law firm and after signing, promptly threw the documents in a drawer.  Fast forward 10+ years, numerous asset acquisitions in their individual names and an unexpected death, the surviving spouse engaged DeAngelis Legal to sort out the mess.  DeAngelis [...]

By |2025-04-27T21:07:28-07:00March 15th, 2025|Past Newsletters, Recent Projects, Probate and Trust Administration, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on February 2025 Informal Probate

January 2025, Irrevocable Trust Administration

New Scottsdale client engaged DeAngelis Legal to assist with changes to her estate plan, which included an irrevocable trust.  The joint trust created with her deceased husband contained provisions dividing the trust principal into a Survivor’s Trust and a Family Trust, with the later being irrevocable. After reviewing her alternatives, DeAngelis Legal prepared a Non-judicial [...]

By |2025-02-20T22:50:08-07:00February 15th, 2025|Recent Projects, Estate Planning, Probate and Trust Administration, Protecting Family Wealth, Homepage|Comments Off on January 2025, Irrevocable Trust Administration

Is it time to review your estate plan?

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 [...]

By |2025-01-07T14:25:55-07:00January 8th, 2025|Past Newsletters, Federal Estate Tax, Estate Planning, Probate and Trust Administration, Protecting Family Wealth, Homepage|Comments Off on Is it time to review your estate plan?

January 2025 Estate Planning Update

Estate Planning Update January 2025 2024 Annual Gift Tax Exclusion: increased to $19,000 per donor, per donee. 2024 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. 2024 Generation Skipping Tax Exemption: increased to $13,990,000 [...]

October 2024 Trust Administration

An irrevocable trust held title to vacation properties and an operating fund used for family reunions.   The trustee engaged DeAngelis Legal to assist with the trust administration.  Certain members of the family desired to continue to use the property, while others were ready to liquidate the trust and distribute the proceeds.  Unfortunately, title to the [...]

By |2025-01-31T16:55:41-07:00November 15th, 2024|Recent Projects, Probate and Trust Administration, Protecting Family Wealth, Homepage|Comments Off on October 2024 Trust Administration

July 2024 Informal Probate

Two more informal probates.  In two separate matters, the decedent had a valid and enforceable revocable trust.  As we see time and time again, the decedent's transferred a majority of their assets to their trust, but failed to transfer a few of them, thus requiring the survivors to open probate.  DeAngelis Legal prepared and filed [...]

By |2024-08-27T20:39:53-07:00August 15th, 2024|Recent Projects, Estate Planning, Probate and Trust Administration, Homepage|Comments Off on July 2024 Informal Probate

July 2024 Estate Planning Update

Estate Planning Update July 2024 2024 Annual Gift Tax Exclusion: increased to $18,000 per donor, per donee. 2024 Gift and Estate Tax Exemption: increased to $13,610,000 per donor through 2025 (an increase of $690,000). See paragraph 6 below. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2024 Generation Skipping Tax Exemption: increased to $13,610,000 [...]

June 2024 Nonjudicial Settlement Agreement

Surviving spouse was surprised to learn that the revocable trust created by the couple 10+ years ago became irrevocable upon the 1st spouse’s death.  In addition, the trust split the couple’s assets and allocated half to a trust where the surviving spouse only had limited rights to the assets.  After reviewing the survivor’s alternatives, DeAngelis [...]

By |2024-08-27T20:32:16-07:00July 15th, 2024|Recent Projects, Estate Planning, Probate and Trust Administration, Protecting Family Wealth|Comments Off on June 2024 Nonjudicial Settlement Agreement

Arizona’s New Human Composting Law – Grandpa in the Garden

“Grandpa in the Garden” Under Arizona’s new “Grandpa in the Garden” bill, human remains may be turned into fertile soil that can be used in a loved one’s backyard or garden instead of traditional burial or cremation. The process is said to be cheaper than traditional burial or cremation methods and takes around 45 days [...]

By |2024-08-27T20:09:52-07:00July 15th, 2024|Annual Estate Plan Updates, Past Newsletters, Estate Planning, Probate and Trust Administration, Homepage|Comments Off on Arizona’s New Human Composting Law – Grandpa in the Garden
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