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2020 Election Impact on Estates and Trusts

We continue to monitor the election polling and its potential impact on the estate and gift tax laws.  If the democratic party wins the Presidency and control of Congress, it is possible that (a) the planned reduction in the exemption amounts is accelerated, to as low as $3,500,000 per person, (b) the tax rate is [...]

By |2020-08-29T16:59:15-07:00August 29th, 2020|Federal Estate Tax, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on 2020 Election Impact on Estates and Trusts

July 2020 Operating Agreement

Prepared an amended and restated operating agreement between equal owners of an Arizona limited liability company.  DeAngelis Legal reviewed and evaluated owners’ objectives and prepared a compressive operating agreement that incorporated the new LLC law which applies to existing entities as of September 1, 2020.  For more on the new law see https://www.deangelislegal.com/arizonas-new-llc-act/  The operating agreement [...]

By |2020-08-29T16:49:10-07:00August 15th, 2020|Entity Formation, Recent Projects, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on July 2020 Operating Agreement

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

Money Makes Money

“Money makes money. And the money that makes money, makes more money.” Benjamin Franklin This centuries old quote by our founding father could not be more appropriate today. Millions of Americans are out of work, surviving on government subsidies and yet the stock market and real estate market are approaching historic highs. Those with capital [...]

By |2020-07-30T19:20:42-07:00July 23rd, 2020|Past Newsletters, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage, Uncategorized|Comments Off on Money Makes Money

June 2020 Website Acquisition

Assisted Scottsdale buyer with the purchase of a website and its software.  DeAngelis Legal prepared the asset purchase agreement including provisions necessary to transfer components unique to websites, including software, copyrights, third party licenses, and content and other provisions to protect the buyer such as restrictive covenants and representations.  For more information on structuring mergers [...]

By |2020-08-29T16:37:37-07:00July 15th, 2020|Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on June 2020 Website Acquisition

April 2020 Business Legal Services

DeAngelis Legal spent a substantial amount of time advising business owners with employment, insurance, real estate and operational matters caused by the COVID-19 outbreak, essentially acting as in-house counsel for those businesses who are not large enough to hire full time legal counsel.  On the employment side, we reviewed employment handbooks and assisted owners with [...]

By |2020-07-04T16:01:54-07:00May 15th, 2020|Business Services, Homepage|Comments Off on April 2020 Business Legal Services

April 2020 Estate Planning

Not surprisingly, DeAngelis Legal devoted much of the month of April preparing and finalizing estate plans for physicians, nurses and other healthcare workers in preparation for Arizona's COVID-19 outbreak.  Everything from simple wills to complex trusts, most of which was done on an expedited basis given the COVID-19 crisis.  Preparing these plans required balancing social [...]

By |2020-07-04T15:50:55-07:00May 15th, 2020|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on April 2020 Estate Planning

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

DeAngelis Legal COVID-19 Response

Updated July 4, 2020 DeAngelis Legal has a unique role in facilitating the transition of wealth between parties in the event of a transaction, death, disability or emergency, therefore we are making every effort to remain open during the COVID-19 national emergency.  Our team is not at risk, but our family members, friends, clients and [...]

By |2020-07-04T16:58:28-07:00March 17th, 2020|Recent Projects, Homepage|Comments Off on DeAngelis Legal COVID-19 Response

March 2020 Estate and Trust Law Specialist

Quinn DeAngelis was re-certified as an Estate and Trust Law Specialist for another five years by the Arizona State Bar Board of Legal Specialization.  Quinn is one of only seven lawyers in Scottsdale currently holding the Estate and Trust Law specialization designation.  From the State Bar of Arizona’s website:  “Being a certified legal specialist is [...]

By |2020-04-27T19:49:16-07:00March 16th, 2020|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on March 2020 Estate and Trust Law Specialist