Long time snowbirds decided to make Arizona their primary residence and re-engineer their estate plan. What made this plan interesting is that they have assets in several states, one child running the family business and another child using other assets. DeAngelis Legal worked with the couple to clarify their objectives, balance the interests of their [...]
Arizona client required additional capital to fuel its growth. After evaluating alternatives, the client pursued a commercial line of credit. DeAngelis Legal assisted the client to evaluate the alternatives, negotiated the terms of the line of credit loan agreement, and facilitated closing.
Trade professional desired to purchase the assets of a competitor and engaged DeAngelis Legal to assist with the structure and acquisition documents. The buyer preferred to keep the operations of each business separate and not merge them post-closing. DeAngelis Legal discussed the alternative corporate structures, created the acquiring entity and prepared the documents evidencing the [...]
Business Transition Invitation 5.16.25
Client previously sold its operating business in better economic times, but the buyer couldn’t perform and ultimately liquidated the business. DeAngelis Legal assisted the client with the delicate multiparty negotiations (landlord, bank, trade creditors) to re-quire the assets of the business, prepared the documentation evidencing the purchase of the assets and closed the re-acquisition of [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
