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 [...]
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 [...]
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 [...]
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 [...]
DeAngelis Legal, LLC acts as Statutory Agent for entities created or authorized in Arizona, as an add-on service to clients. This way we will get notice before any adverse action against the entity. In preparation for our move, we updated the Statutory Agent and address of over 100 entities in Arizona with the Arizona Corporation [...]
High net-worth out-of-state couple moving to Arizona desired to update their estate plan. DeAngelis Legal worked with prior advisors to create a comprehensive multigenerational estate plan that minimized income, estate and generation skipping tax considerations. The plan strikes a delicate balance between giving beneficiaries assets outright to enrich their lives versus holding assets in trust [...]
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.
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 [...]
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. [...]
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.
