Past Newsletters

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July 2021 Estate Planning Update

 Estate Planning Update July, 2021 2021 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2021 Gift and Estate Tax Exemption: increased to $11,700,000 per donor through 2025, see #6. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2021 Generation Skipping Tax Exclusion: increased to $11,700,000 per donor through 2025, see #6. Top [...]

By |2021-07-31T07:51:29-07:00July 20th, 2021|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Estate Planning, Protecting Family Wealth, Uncategorized|Comments Off on July 2021 Estate Planning Update

June 2021 Letters of Intent

Business activity is normalizing, with merger and acquisition increasing.  In June DeAngelis Legal reviewed two letters of intent, prepared another and talked with several other business owners who were considering a transaction.  We had not seen this level of activity since 2019, but it remains to be seen whether the activity will continue or result [...]

By |2021-07-31T07:28:36-07:00July 15th, 2021|Past Newsletters, Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on June 2021 Letters of Intent

June 2021 Probate and Trust Administration

The death toll resulting from COVID-19 continues to climb.  June was no exception, with several new probates opened and trusts administered.  A common theme among them was the failure to find the decedent’s original documents.  The probate process is one of the few remaining areas where an original will is still required.  This is because [...]

By |2021-07-31T06:56:10-07:00July 15th, 2021|Past Newsletters, Recent Projects, Probate and Trust Administration, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on June 2021 Probate and Trust Administration

Business is Personal

“It’s not personal, it’s just business.” This often used phrase is utilized in a variety of contexts, often to justify some extreme unsupported negotiation position or rationalize an unreasonable result. However, it is plain wrong; business is personal. Business owners who fail to recognize this limit their success and risk losing their investment, goodwill or [...]

By |2021-04-27T14:04:24-07:00April 15th, 2021|Past Newsletters, Mergers & Acquisitions, Business Services, Protecting Family Wealth, Homepage|Comments Off on Business is Personal

Buy-Sell Provisions – What is Appraised Market Value?

Buy-Sell Provisions – What is Appraised Market Value? LLC operating agreements, LLP partnership agreements, and corporation shareholder agreements all contain buy-sell provisions. These provisions grant options to purchase or require purchase of an ownership interest upon certain events such as termination of employment, death, disability, divorce, bankruptcy, etc. (the “triggering events”) in situations where the [...]

By |2021-04-27T14:05:46-07:00March 15th, 2021|Past Newsletters, Entity Formation, Business Services, Succession Planning, Homepage|Comments Off on Buy-Sell Provisions – What is Appraised Market Value?

February 2021 Probate and Trust Administrations

The COVID-19 Christmas waive hit Arizona hard and it showed up in the number of new probate and trust administration files being opened. From easy informal probates of signed wills, to intestate estates for those that failed to sign a valid will to complex trust administrations, DeAngelis Legal has been advising numerous trustees and beneficiaries [...]

By |2021-04-22T19:17:09-07:00February 15th, 2021|Past Newsletters, Recent Projects, Probate and Trust Administration, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on February 2021 Probate and Trust Administrations

February 2021 Entity Formation Documents

The new year kicked off strong on the business side. DeAngelis Legal assisted several clients with start-up entities, evaluating investments in venture capital opportunities and the formation of real estate holding companies. The real estate acquisitions ranged from single family lots to commercial buildings and the business ranged from online products and services to construction [...]

By |2021-04-22T19:16:18-07:00February 15th, 2021|Real Estate, Past Newsletters, Entity Formation, Recent Projects, Mergers & Acquisitions, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on February 2021 Entity Formation Documents

Pandemic Update

Out of the chaos of current events comes clarity of purpose. The impact of the COVID-19 virus is widespread and yet to be fully understood as we do not know whether this a temporary condition or a monumental shift in our lifestyles. Some industries have been decimated, while others continue to thrive. The political and [...]

By |2021-01-26T19:35:58-07:00January 25th, 2021|Past Newsletters|Comments Off on Pandemic Update

Top 7 Tips for Estate Planning

Here are our Top 7 Tips for Estate Planning this year: Review K-1s and 1099s. These documents should show your trust or you as trustee or its abbreviation “TR.”  If not, the asset is most likely title in your individual name and should be transferred to the trust.  This is especially true if the asset [...]

By |2021-01-26T19:25:42-07:00January 25th, 2021|Past Newsletters, Federal Estate Tax, Probate and Trust Administration, Estate Planning, Protecting Family Wealth|Comments Off on Top 7 Tips for Estate Planning

January 2021 Estate Planning Update

Estate Planning Update January, 2021 2021 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2021 Gift and Estate Tax Exemption: increased to $11,700,000 per donor through 2025, see #8. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2021 Generation Skipping Tax Exclusion: increased to $11,700,000 per donor through 2025, see #8. Top [...]

By |2021-01-26T19:26:49-07:00January 25th, 2021|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on January 2021 Estate Planning Update