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December 2022 Letter of Intent

DeAngelis Legal reviewed a letter of intent for the seller of a Scottsdale based business. The letter outlined the material terms for the purchase and allowed the parties to proceed with more detailed due diligence.  DeAngelis Legal clarified certain terms and provided additional language protecting the parties.

By |2023-01-23T15:00:27-07:00January 15th, 2023|Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on December 2022 Letter of Intent

December 2022 Trust Administration

DeAngelis Legal resolved trust administration disputes between a trustee and beneficiary.  Upon death, a parent set up a trust for a beneficiary naming the beneficiary’s older sibling as trustee. Over the years, the Trustee and beneficiary clashed over budgets, distributions, and reporting which adversely impacted their relationship.  DeAngelis Legal advised the trustee, coordinated delivery of [...]

By |2023-01-23T14:58:14-07:00January 15th, 2023|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on December 2022 Trust Administration

Younger Next Year

Worried that I might stop following him on crazy adventures, my friend Béat Koszinowski gave me the New York Times bestseller book Younger Next Year for my birthday last year.  At the time, my workout regimen was fairly inconsistent, with frequent rest days, but I was constantly getting dropped on extended skiing or biking outings.  [...]

By |2023-01-23T14:43:32-07:00January 10th, 2023|Recent Projects, Homepage|Comments Off on Younger Next Year

October 2022 LLC Operating Agreement Review

DeAngelis Legal performed a comprehensive review and edit of a proposed multi-member LLC operating agreement on behalf a new client.  The client asked DeAngelis Legal to provide input on the operating agreement.  DeAngelis Legal provided a memo with additional questions and substantive comments and edits regarding management, capital contributions, purchase options and purchase price valuation.

By |2022-11-13T14:55:02-07:00November 15th, 2022|Entity Formation, Recent Projects, Homepage|Comments Off on October 2022 LLC Operating Agreement Review

October 2022 Letters of Personal Representative

DeAngelis Legal obtained Letters of Personal Representative for a trustee who identified an asset that was not transferred to the trust.  The deceased participated in his employer’s stock option plan.  Unfortunately, the plan failed to name a beneficiary and the employer would not transfer the asset without the Letters of Personal Representative.  DeAngelis Legal prepared [...]

By |2022-11-13T14:53:02-07:00November 15th, 2022|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on October 2022 Letters of Personal Representative

September 2022 Simple Estate Plan

DeAngelis Legal represented a young Phoenix couple expecting their first child with their estate plan documents.  The couple represents the third generation in this family that DeAngelis Legal had represented after obtaining the necessary consents and waivers of potential conflicts from the other family members, .  The simple estate plan included simple wills, powers of [...]

By |2022-10-26T10:15:10-07:00October 15th, 2022|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on September 2022 Simple Estate Plan

August 2022 Corporate Records Clean Up

DeAngelis Legal reviewed the corporate records of a client who created several entities on their own.  DeAngelis Legal prepared missing and updated documents necessary to satisfy the title company’s requirements.  The documents included amendments to operating agreements, member consents and a deed.

By |2022-10-27T15:29:42-07:00September 15th, 2022|Recent Projects, Business Services, Protecting Family Wealth, Homepage|Comments Off on August 2022 Corporate Records Clean Up

June 2022 Complex Trust Administration

June marked the end of a four year complex trust administration odyssey.  This administration could have been a television show, as it had every intrigue you can imagine - power struggles, illiquid assets, environmental claims, a defunct closely held business with unpaid claims, an injunction preventing the sale of real estate, property tax claims, third [...]

By |2022-07-21T12:14:07-07:00July 15th, 2022|Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on June 2022 Complex Trust Administration

May 2022 IRA Beneficiary Designations

DeAngelis Legal advised long time Scottsdale clients on appropriate IRA beneficiary designations.  After the 2017 Tax Act, non-spouse beneficiaries can no longer take distributions over their lifetime and in most cases must take all distributions within 10 years of the account owner’s death.  This makes planning for large retirement accounts difficult, especially when you see [...]

By |2022-07-21T12:11:51-07:00June 15th, 2022|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on May 2022 IRA Beneficiary Designations

December 2021 Sale of Business

DeAngelis Legal negotiated the terms of the letter of intent and purchase documents and assisted the closing of the sale of the business of a long time corporate client in Phoenix.  DeAngelis Legal had represented the entity since formation over 20 years ago.  Over the years, DeAngelis Legal provided advice on a variety of business [...]

By |2022-07-28T20:00:09-07:00January 15th, 2022|Past Newsletters, Recent Projects, Mergers & Acquisitions, Homepage|Comments Off on December 2021 Sale of Business