Husband and wife recently relocated to Fountain Hills, Arizona. DeAngelis Legal reviewed their current estate plan documents, provided comments and suggestions and prepared the documents necessary to overhaul their plan to better achieve their objectives. DeAngelis Legal also provided the couple with alternative gifting strategies.
Two separate mid-market Scottsdale corporate clients received Letters of Intent from potential buyers, one to purchase the assets and the other to purchase stock. DeAngelis Legal assisted the owners of the companies review the terms of the offers and provided comments and suggestions.
Closely held family owned business in Phoenix implemented a succession plan with prior counsel. In conjunction with a new credit facility, the company’s bank identified discrepancies in the corporate records. DeAngelis Legal reviewed the plan, documents and tax records and worked with the company’s CPA's to reconcile the records, prepare the necessary documentation to overhaul [...]
Scottsdale decedent named a trust as the beneficiary of his large IRA. Upon his death the terms of the trust called for the beneficiaries to receive their share of the trust outright. Trustee desired to create separate accounts for the IRA, so each beneficiary could determine whether to take the proceeds immediately or continue the [...]
Current Phoenix client held interest in commercial real estate in an LLC with a third party. Third party desired to dissolve the entity and distribute property to separate entities to preserve future tax flexibility upon sale of property. DeAngelis Legal reviewed and negotiated proposed Dissolution Agreement and Tenants in Common Agreement drafted by the third [...]
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, [...]
Represented Scottsdale property manager with the preparation of a Tenants In Common agreement with his sister. Brother and sister desired to jointly acquire and own Scottsdale real estate. Rather than holding title to the property in a jointly owned entity, the parties desired to hold title separately as tenants in common to preserve income tax [...]
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, [...]
Represented Scottsdale spouse with respect to a marital agreement and update to estate plan. DeAngelis Legal previously represented spouse with respect to the termination of an irrevocable trust. Spouse, with children from a prior marriage, got engaged and desired to define the rights and obligations of each spouse and update his estate plan prior to [...]
Represented two separate clients with a review and clean up of their corporate structure. The first client owned several unrelated businesses in the healthcare industry and the other client was predominately in real estate development. Both clients wanted to maximize creditor protection while minimizing income taxes. DeAngelis Legal reviewed each client’s situation, made recommendations and [...]