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October 2023 Irrevocable Life Insurance Trust

High net-worth Scottsdale couple asked for assistance with funding their revocable trust with complex closely held business interests, retirement accounts and life insurance. DeAngelis Legal assisted with the update of each entity’s corporate records and transfer them to their revocable trust. The updates included amendments to the operating agreement to comply with recent ownership changes [...]

By |2024-01-22T19:35:11-07:00November 15th, 2023|Federal Estate Tax, Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on October 2023 Irrevocable Life Insurance Trust

October 2023 Complex Revocable Trust

High net worth Arizona couple had not reviewed their revocable trust in over ten years. The husband became ill and upon review, their advisors found the trusts to be ambiguous and tax inefficient. DeAngelis Legal worked with the couple and their adult children to evaluate and prepare a comprehensive and complex revocable trust. The new [...]

By |2024-01-22T19:25:34-07:00November 15th, 2023|Federal Estate Tax, Recent Projects, Estate Planning, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on October 2023 Complex Revocable Trust

August 2023 Estate Plan and Corporate Records Update

Scottsdale couple desired to update their estate plan and corporate records.  Complicating the planning were a mix of community and sole and separate assets, including a legal practice, long-standing construction company, children from a previous marriage and less than complete corporate records.  DeAngelis Legal worked with the couple to identify their objectives, discuss alternatives and [...]

By |2024-01-18T19:46:12-07:00September 15th, 2023|Entity Formation, Recent Projects, Estate Planning, Homepage|Comments Off on August 2023 Estate Plan and Corporate Records Update

July 2023 General Business

Arizona closely held service business navigated the resignation of an employee and the mutual termination of the entirety of their business and employment relationship. DeAngelis Legal reviewed the company’s Buy-Sell Agreement and General Release, responded to the departing employee’s claims, advised the remaining owners of their rights and obligations and successfully negotiated the resolution of [...]

By |2024-01-18T20:02:49-07:00August 15th, 2023|Recent Projects, Business Services, Homepage|Comments Off on July 2023 General Business

July 2023 Sophisticated Estate Planning

Long time Scottsdale estate and business clients desired to overhaul their estate plan.  DeAngelis Legal worked with the clients and their investment advisor to rework goals and objectives, including restructuring the terms of the gifts to their children, evaluating insurance needs and incorporating large gifts to charitable organizations.  DeAngelis Legal prepared the documents updating their [...]

By |2024-01-18T19:54:58-07:00August 15th, 2023|Recent Projects, Federal Estate Tax, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on July 2023 Sophisticated Estate Planning

June 2023 Corporate Entity Review and Update

Young Scottsdale couple accumulated several businesses and real estate properties owned by four different entities formed in three different states. DeAngelis Legal reviewed each entity’s purpose, tax records, formation documents and contact information and prepared the documents necessary to conform with how the entities were treated for income tax purposes, update each entity’s contact information [...]

By |2023-07-09T12:17:27-07:00July 15th, 2023|Past Newsletters, Recent Projects, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on June 2023 Corporate Entity Review and Update

June 2023 Informal Probate

At the end of the administration of a trust, the title company required the trustee to open a probate and obtain letters of personal representative before closing. This is the second matter in as many months where DeAngelis Legal has had to deal with simple mistakes that caused significant delays and additional expenses in trust [...]

By |2023-07-27T14:37:07-07:00July 15th, 2023|Past Newsletters, Recent Projects, Probate and Trust Administration, Homepage|Comments Off on June 2023 Informal Probate

May 2023 Formal Probate

Trustee of a large estate identified a small investment account that was not transferred to the decedent’s revocable trust during his lifetime (mistake #1).  Unfortunately, while making a copy of his will prior to his death the decedent had mixed the pages of the original and the copy (mistake 2), so while we had the [...]

By |2023-07-09T12:16:42-07:00June 15th, 2023|Past Newsletters, Recent Projects, Probate and Trust Administration, Homepage|Comments Off on May 2023 Formal Probate

March 2023 Interest Purchase Agreement

A long-time Scottsdale closely held business owner desired to purchase a family member’s minority interest in the business.  DeAngelis Legal worked with the buyer to evaluate alternatives and prepare the documents to evidence the transaction.  The documents included an interest purchase agreement, promissory note, consent of the other members, assignment of interest and amendments to [...]

By |2023-05-12T20:04:05-07:00April 15th, 2023|Past Newsletters, Recent Projects, Mergers & Acquisitions, Business Services, Protecting Family Wealth, Homepage|Comments Off on March 2023 Interest Purchase Agreement

March 2023 Life Insurance Trust  

During the review and update of a new high net-worth Scottsdale couple’s estate plan, DeAngelis Legal identified a potentially large estate tax obligation caused by life insurance owned by the couple.  DeAngelis Legal worked with the couple and their insurance advisor to identify and evaluate alternatives, which included an evaluation of how much life insurance [...]

By |2023-05-12T20:00:34-07:00April 15th, 2023|Past Newsletters, Federal Estate Tax, Recent Projects, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on March 2023 Life Insurance Trust  
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