Represented beneficiary with respect to his interest in irrevocable trust. Beneficiary’s late spouse left her assets in trust for surviving spouse. DeAngelis Legal analyzed trust terms, explained terms and alternatives to beneficiary and prepared the documents necessary to exercise beneficiary's rights to without amending or terminating the trust.
“I recommend you dispose of anything that does not fall into one of three categories: currently in use, needed for a limited period of time, or must be kept indefinitely.”― Marie Kondo, “The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing”* Ms. Kondo offers great advice in the above book for discarding [...]
October was the month of trust and estate administration. DeAngelis Legal assisted several different families with the administration of irrevocable trusts in Scottsdale, the filing of a formal probate of a copy of a will in Maricopa County and in informal probate of a murder victim’s intestate estate in Mohave County.
Represented trustees with administration of a multi-million dollar trust. Trustees desired to protect beneficiaries and provide for continued management of the trust's assets. DeAngelis Legal worked with the trustees, beneficiaries and successor co-trustees, including adding a corporate trustee, to resolve the issues and document the transition and ongoing management plan. The plan included decanting the terms of [...]
Represented couple with the termination of an irrevocable trust, re-assignment of a life insurance policy and overhaul of their estate plan documents. Over the last thirty years the couple accumulated a hodgepodge of entities and trusts. DeAngelis reviewed the documents, proposed and implemented a re-organization of their estate plan, including the termination of an irrevocable [...]
Represented three separate trustees with the administration of irrevocable trusts. The first trustee desired to simply terminate the trust, the second desired to modify the trust terms and the third desired to change trustees. DeAngelis Legal reviewed the terms and circumstances of each trust, provided the trustees with alternatives, prepared settlement agreements terminating or modifying [...]
Assisted three separate surviving spouses with the administration of their trusts. After the death of their spouses, each of their revocable trusts became irrevocable, necessitating the allocation of assets between trusts. DeAngelis Legal assisted each spouse to satisfy the requirements of successor trustee under Arizona law, took actions to minimize risk of future claims by [...]
Meet Pearl. Pearl joined the office last fall and has quickly changed the culture. In addition to having a keen eye for fashion, she entertains us with her simple outlook and excitabilty. What gets her excited? Here are few estate planning tips that get her really going: Sign your documents. Every day Pearl watches clients [...]
October 2017 Estate Planning. Represented couple with the overhaul of their estate plan. Spouses had differing ideas on how and when illiquid assets should be transferred at death to the surviving spouse and children from previous marriages. After a lengthy interview regarding their preferences and concerns, DeAngelis Legal proposed, drafted and implemented an estate plan [...]
September 2017 Probate and Trust Administration Assisted the successor trustee and personal representative with the documents necessary to gain control over decedent’s assets. The decedent failed to fully fund the trust, therefore an informal probate was required. DeAngelis Legal prepared the application documents and obtained Letters of Personal Representative in addition to the trust documents [...]