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March 2025 Gifting

Long time clients came in for their five year estate plan review and stated that they were contemplating additional financial gifts to their children.  However, they had not addressed important issues regarding this complex and emotional decision.  Persons contemplating gifts should ask a few important questions, including: Do you have sufficient capital and resources for [...]

By |2025-04-28T15:13:51-07:00April 15th, 2025|Past Newsletters, Recent Projects, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on March 2025 Gifting

Small Estate Affidavit Limits Increased

In Arizona, a successor of a decedent may sign an affidavit effectively transferring the decedent's personal property and real estate without the need for a probate if the value of the asset is under certain limits. A.R.S. § 14-3971. On March 31, 2025 the governor signed HB2116 increasing the personal property limit to $200,000 and [...]

By |2025-04-28T13:49:39-07:00April 2nd, 2025|Past Newsletters, Estate Planning, Probate and Trust Administration, Homepage|Comments Off on Small Estate Affidavit Limits Increased

February 2025 Informal Probate

It happened again!  Successful, smart, responsible Scottsdale couple signed well drafted estate plan documents with another law firm and after signing, promptly threw the documents in a drawer.  Fast forward 10+ years, numerous asset acquisitions in their individual names and an unexpected death, the surviving spouse engaged DeAngelis Legal to sort out the mess.  DeAngelis [...]

By |2025-04-27T21:07:28-07:00March 15th, 2025|Past Newsletters, Recent Projects, Estate Planning, Probate and Trust Administration, Protecting Family Wealth, Homepage|Comments Off on February 2025 Informal Probate

February 2025 Premarital Agreement

New client engaged DeAngelis Legal to review the proposed premarital agreement with a wealthier spouse.  DeAngelis Legal advised the client on his rights and obligations post-marriage and provided changes to the agreement which gave each party the protections they desired, but made the terms easier to implement.  DeAngelis Legal worked with the spouse’s attorney to [...]

By |2025-04-27T21:03:25-07:00March 15th, 2025|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on February 2025 Premarital Agreement

CTA Compliance Update #5 – US Treasury Suspends Enforcement

US Treasury Department Release On March 2, 2025, the United States Treasury Department announced that that it will not enforce any penalties or fines associated with the beneficial ownership reporting rule under the existing regulatory deadlines (currently March 21, 2025) pertaining to the Corporate Transparency Act (“CTA”). Furthermore, it announced that it will not enforce [...]

By |2025-04-27T20:41:39-07:00March 3rd, 2025|Entity Formation, Business Services, Protecting Family Wealth, Homepage|Comments Off on CTA Compliance Update #5 – US Treasury Suspends Enforcement

CTA Compliance Update #4 – Texas Court Lifts Injunction

On February 17, 2025, the U.S. District Court for the Eastern District of Texas granted a Department of Justice request for a stay of the court’s nationwide injunction which had temporarily blocked the enforcement of the Corporate Transparency Act (“CTA”) and its reporting rule (“Reporting Rule”). This ruling effectively revives, again, the requirement for reporting [...]

By |2025-02-20T22:26:57-07:00February 18th, 2025|Business Services, Protecting Family Wealth, Homepage|Comments Off on CTA Compliance Update #4 – Texas Court Lifts Injunction

January 2025, Irrevocable Trust Administration

New Scottsdale client engaged DeAngelis Legal to assist with changes to her estate plan, which included an irrevocable trust.  The joint trust created with her deceased husband contained provisions dividing the trust principal into a Survivor’s Trust and a Family Trust, with the later being irrevocable. After reviewing her alternatives, DeAngelis Legal prepared a Non-judicial [...]

By |2025-02-20T22:50:08-07:00February 15th, 2025|Recent Projects, Probate and Trust Administration, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on January 2025, Irrevocable Trust Administration

January 2025, Simple Estate Plan Update

Scottsdale couple with young children desired to update their simple estate plan.  DeAngelis Legal worked with the couple to review their objectives and provide alternatives and prepared draft documents to create a revocable trust and new wills, update the agents under their financial and healthcare powers of attorney.  We also assisted them on how to [...]

By |2025-02-20T22:45:56-07:00February 15th, 2025|Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on January 2025, Simple Estate Plan Update

December 2024 General Business and Estate Plan Update

Scottsdale couple, each with children from a previous marriage, desired to update their general business and estate plans.  DeAngelis Legal worked with the couple to design an overall plan that addressed their particular circumstances.  DeAngelis Legal drafted the estate plan documents, which included a joint trust, an amended and restated separate property trust for one [...]

By |2025-01-31T16:54:00-07:00January 15th, 2025|Past Newsletters, Recent Projects, Entity Formation, Estate Planning, Business Services, Protecting Family Wealth, Homepage|Comments Off on December 2024 General Business and Estate Plan Update

December 2024 Consulting Agreement Review

DeAngelis Legal assisted Scottsdale business with the review and revision of a consulting agreement for a large construction project.  The agreement presented contained overly broad provisions shifting responsibility to the consultant.  DeAngelis Legal provided comments and recommended language changes to the agreement to limit the indemnification provisions, clarify the insurance obligations, expand the termination provisions [...]

By |2025-01-31T16:53:51-07:00January 15th, 2025|Past Newsletters, Recent Projects, Business Services, Homepage|Comments Off on December 2024 Consulting Agreement Review
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