Past Newsletters

Corporate Records

Why do we spend so much time and energy on updating corporate records? Soon after the entity is created, business owners move on to growing their business and often fail to pay attention to the details of maintaining proper corporate records.  As a non-priority item, these tasks get pushed down and forgotten until an event [...]

By |2023-05-17T17:54:49-07:00April 20th, 2023|Past Newsletters, Entity Formation, Succession Planning, Protecting Family Wealth|Comments Off on Corporate Records

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  

January 2023 Estate Planning Update

Estate Planning Update January 2023 2023 Annual Gift Tax Exclusion: increased to $17,000 per donor, per donee. 2023 Gift and Estate Tax Exemption: increased to $12,920,000 per donor through 2025, see #6, an increase of $860,000. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2023 Generation Skipping Tax Exclusion: increased to $12,920,000 per donor [...]

By |2023-01-23T15:18:00-07:00January 20th, 2023|Past Newsletters, Annual Estate Plan Updates, Recent Projects, Estate Planning|Comments Off on January 2023 Estate Planning Update

Trusts for Children

At its core, estate planning is setting the terms upon which assets are transitioned from a person, often a parent, to another such as a child. Without proper estate planning creating trusts for children, a parent’s assets become available to the child immediately if at the parent’s death: (a) the parent was not married to [...]

By |2022-07-29T11:26:55-07:00July 25th, 2022|Past Newsletters, Estate Planning, Protecting Family Wealth|Comments Off on Trusts for Children

July 2022 Estate Planning Update

 Estate Planning Update July, 2022 1. 2022 Annual Gift Tax Exclusion: increased to $16,000 per donor, per donee. 2. 2022 Gift and Estate Tax Exemption: increased to $12,060,000 per donor through 2025, see #6. 3. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 4. 2022 Generation Skipping Tax Exclusion: increased to $12,060,000 per donor [...]

By |2022-07-29T11:30:04-07:00July 20th, 2022|Past Newsletters, Annual Estate Plan Updates, Federal Estate Tax, Estate Planning, Protecting Family Wealth|Comments Off on July 2022 Estate Planning Update

December 2021 Sale of Business

DeAngelis Legal negotiated the terms of the letter of intent and purchase documents and assisted the closing of the sale of the business of a long time corporate client in Phoenix.  DeAngelis Legal had represented the entity since formation over 20 years ago.  Over the years, DeAngelis Legal provided advice on a variety of business [...]

By |2022-07-28T20:00:09-07:00January 15th, 2022|Past Newsletters, Recent Projects, Mergers & Acquisitions, Homepage|Comments Off on December 2021 Sale of Business

July 2021 Estate Planning Update

 Estate Planning Update July, 2021 1. 2021 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2. 2021 Gift and Estate Tax Exemption: increased to $11,700,000 per donor through 2025, see #6. 3. Marital Deduction for Transfers to U.S. Spouse: unlimited. 4. 2021 Generation Skipping Tax Exclusion: increased to $11,700,000 per donor through [...]

By |2021-08-04T17:56:26-07:00July 20th, 2021|Past Newsletters, Annual Estate Plan Updates, 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, Estate Planning, Probate and Trust Administration, Protecting Family Wealth, Homepage|Comments Off on June 2021 Probate and Trust Administration
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