Assisted long time mid-market corporate client with the sale of their business. The transaction was structured as an “F-reorganization” for tax purposes in lieu of a stock sale. For a description of the benefits of this type of transaction see https://www.deangelislegal.com/business-services/mergers-acquisitions/ DeAngelis Legal assisted the sellers with all phases of the transaction, including the [...]
DeAngelis Legal represented the personal representative with a simple probate of a will. Sister died and left a will naming her brother as personal representative and waived bond. DeAngelis Legal prepared, filed and obtained approval of the informal probate of a will application with the Maricopa County Probate Court. Upon the Letters of Personal Representative [...]
Assisted Scottsdale business owner with a comprehensive review of the ownership records and succession plan. DeAngelis Legal worked with the long-term client to prepare a business succession plan of the Company upon the owner’s death or disability, update the entity's corporate records and prepare an amendment to the Stockholders Agreement.
Represented Scottsdale individual with respect to the termination of an irrevocable trust. DeAngelis Legal reviewed the options with the client, prepared a non-judicial settlement agreement to surrender a life insurance policy that was no longer necessary and terminate an irrevocable trust.
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, [...]