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December 2020 High Net Worth Estate Tax Planning

Assisted high net worth Paradise Valley family with the overhaul of their estate plan.  Their current plan was outdated.  DeAngelis Legal had several meetings with parents, provided alternatives for their desire to take advantage of current estate and property tax laws to minimize taxes, provide for future generations and protect the wealth from creditors.  In [...]

By |2021-01-25T18:12:11-07:00January 15th, 2021|Federal Estate Tax, Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on December 2020 High Net Worth Estate Tax 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

December 2020 Corporate Succession Planning

Assisted long time corporate client with the review and implementation of its succession plan.  DeAngelis Legal reviewed the plan and prepared the necessary documents to the next stage of the plan, which included issuing additional shares to key employees and making gifts to family members, effectively cleaning up fractional shares of the entity and furthering [...]

By |2021-01-25T18:02:13-07:00January 15th, 2021|Recent Projects, Business Services, Succession Planning, Homepage|Comments Off on December 2020 Corporate Succession Planning

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

November 2020 LLC Operating Agreement Review

Assisted new client with the review and negotiation of a operating agreement for a closely held company.  DeAngelis Legal provided comments and recommendations as well as sample provisions for updating the agreement incorporating Arizona's new LLC Act.

By |2020-12-04T16:50:58-07:00December 15th, 2020|Entity Formation, Recent Projects, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on November 2020 LLC Operating Agreement Review

November 2020 Estate Tax Planning

Assisted long time high net worth Scottsdale couple with the review and analysis of their complex estate plan.  DeAngelis Legal reviewed their current plan, updated tax projections based on various scenarios and provided various recommendations for utilizing their remaining gift, estate and GST tax exemptions.  DeAngelis Legal is also preparing the additional spousal lifetime access [...]

By |2020-12-04T16:51:15-07:00December 15th, 2020|Federal Estate Tax, Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on November 2020 Estate Tax Planning

November 2020 Election Results

With the Democrats capturing the presidency and holding on to a majority in the U.S. House of Representatives, all eyes are focused on the Georgia Senate race.  The remaining candidates in each race will advance to a runoff election on January 5, 2021. The Democrats need to pick up both Georgia seats to gain control [...]

By |2020-12-04T16:36:25-07:00November 23rd, 2020|Federal Estate Tax, Recent Projects, Homepage|Comments Off on November 2020 Election Results

October 2020 Estate Planning

DeAngelis Legal spent a considerable amount of time in October evaluating and coordinating large transfers for clients.  In reviewing the numbers, clients over the age of 80 with a taxable estate substantially over the Federal Gift and Estate Tax exclusion ($11,580,000 per spouse) were the most likely to make such transfers, while younger clients seemed [...]

By |2020-11-23T16:58:30-07:00November 15th, 2020|Federal Estate Tax, Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on October 2020 Estate Planning

October 2020 Corporate

Assisted minority shareholder with the review and negotiation of a comprehensive ownership succession plan for a closely held business.  DeAngelis Legal provided a detailed analysis of the plan, comments to the documentation and potential resolutions of the issues raised.  The plan involved updating the firm’s articles, bylaws and shareholders agreement.  The shareholders agreement had triggering [...]

By |2020-11-23T16:50:19-07:00November 15th, 2020|Recent Projects, Succession Planning, Homepage|Comments Off on October 2020 Corporate

Top 7 Thoughts for Business Owners 2020

Happily, most our business clients have adjusted to the new reality of 2020 and are holding up well, with residential home building industry leading the way. This does not mean that there haven’t been casualties. Small businesses such as restaurants, bars, gyms, hotels and certain medical practices obviously have been the hardest hit. We have [...]

By |2020-10-28T13:58:31-07:00October 15th, 2020|Past Newsletters, Business Services, Succession Planning, Homepage|Comments Off on Top 7 Thoughts for Business Owners 2020