Probate and Trust Administration

Delegation of Trustee Powers

DELEGATION OF TRUSTEE POWERS When a client has a large asset base and a trust that will continue for a long period of time or in perpetuity, trustee selection often becomes an important issue to address. There may not be another person the client trusts to make decisions or who has the sophistication to invest, [...]

By |2021-07-01T20:25:36-07:00June 15th, 2021|Probate and Trust Administration, Estate Planning, Protecting Family Wealth|Comments Off on Delegation of Trustee Powers

May 2021 Complex Estate and Business Planning

New Surprise client had complex and illiquid business and real estate structure with his son intertwined with the estate plan of his deceased spouse.  DeAngelis Legal retraced years of financial transactions, met with the client regarding his documents and objectives and developed a plan for moving forward.  The plan cleaned up and documented past transactions, [...]

By |2021-06-25T17:24:45-07:00June 15th, 2021|Recent Projects, Probate and Trust Administration, Estate Planning, Homepage|Comments Off on May 2021 Complex Estate and Business Planning

February 2021 Probate and Trust Administrations

The COVID-19 Christmas waive hit Arizona hard and it showed up in the number of new probate and trust administration files being opened. From easy informal probates of signed wills, to intestate estates for those that failed to sign a valid will to complex trust administrations, DeAngelis Legal has been advising numerous trustees and beneficiaries [...]

By |2021-04-22T19:17:09-07:00February 15th, 2021|Past Newsletters, Recent Projects, Estate Planning, Probate and Trust Administration, Protecting Family Wealth, Homepage|Comments Off on February 2021 Probate and Trust Administrations

Top 7 Tips for Estate Planning

Here are our Top 7 Tips for Estate Planning this year: Review K-1s and 1099s. These documents should show your trust or you as trustee or its abbreviation “TR.”  If not, the asset is most likely title in your individual name and should be transferred to the trust.  This is especially true if the asset [...]

By |2021-01-26T19:25:42-07:00January 25th, 2021|Past Newsletters, Federal Estate Tax, Estate Planning, Probate and Trust Administration, Protecting Family Wealth|Comments Off on Top 7 Tips for Estate Planning

December 2020 Probate and Trust Adminstration

Assisted successor trustees with the administration of a trust after the death of both spouses.  What should have been a simple administration was complicated by poor planning, the surviving spouse’s failure to follow the terms of the trust and her failure to provide remainder beneficiaries with important information, such as where the original documents are [...]

By |2021-01-25T18:04:28-07:00January 15th, 2021|Past Newsletters, Recent Projects, Probate and Trust Administration, Homepage|Comments Off on December 2020 Probate and Trust Adminstration

November 2020 Probate and Trust Adminstration

Three years!  After three years, we completed the administration of a client’s deceased aunt’s estate and trust.  What should have been a relatively simple administration turned into a lengthy probate.  The administration was not contested but was complicated by the aunt’s lack of financial records, failure to title assets in the name of her trust, [...]

By |2020-12-04T16:50:18-07:00December 15th, 2020|Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on November 2020 Probate and Trust Adminstration

September 2020 Trust Termination

Another one bites the dust. DeAngelis Legal assisted this long-time Phoenix client with the termination of an irrevocable trust created by his parents through a non-judicial settlement agreement among the trustee and beneficiaries. The agreement provided for a distribution to the remainder beneficiaries and the distribution of illiquid real estate to the income beneficiary. In [...]

By |2020-10-27T20:50:20-07:00October 15th, 2020|Recent Projects, Probate and Trust Administration, Estate Planning|Comments Off on September 2020 Trust Termination

July 2020 Trust Administration

July marked our first confirmed trust administration of a COVID-19 related death.  Several members of the family contracted the disease and unfortunately, the father died.  The Scottsdale couple were long time clients of the firm and the death surprised everyone.  DeAngelis legal prepared the initial trust package with the required documents, including the acceptance of [...]

By |2020-08-29T16:43:19-07:00August 15th, 2020|Recent Projects, Probate and Trust Administration, Estate Planning, Homepage|Comments Off on July 2020 Trust Administration

April 2020 Irrevocable Trust Termination

Scottsdale couple transferred their personal residences to several irrevocable Qualified Personal Residence Trusts (QPRTs) under the advice of prior counsel.  Clients now desired to unwind the transactions.  DeAngelis Legal reviewed the facts, trust documents and client’s objectives in order to propose alternatives for terminating the QPRTs in conjunction with the client’s tax and accounting professionals.  [...]

By |2020-07-04T15:39:41-07:00May 15th, 2020|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on April 2020 Irrevocable Trust Termination

March 2020 Informal Intestate Probate

Opened informal intestate probate.  Father prepared his estate plan documents but never signed them.  DeAngelis Legal represented personal representative open an informal intestate probate in Arizona to transfer assets to the beneficiaries.  Using Arizona's simplified and expedited informal probate process, the personal representative was able to gain control over the decedent's assets and distribute the [...]

By |2020-04-11T16:56:04-07:00April 15th, 2020|Recent Projects, Probate and Trust Administration|Comments Off on March 2020 Informal Intestate Probate
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