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 [...]
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 [...]
Reviewed corporate structure and current documents of a Scottsdale client with entities throughout the United States. DeAngelis Legal reviewed the current corporate records and determined that the documents didn’t match the structure the client believed they had, a potential for a rats nest of issues upon incapacity, death or IRS audit. DeAngelis Legal corrected the [...]
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 [...]
Winter deaths caused several trusts to become irrevocable and new trustees taking over. DeAngelis Legal advised the new trustees regarding their new duties and responsibilities, drafted the initial paperwork to transfer control, published notice to creditors to shorten the claims period and obtained tax identification numbers for the new trusts. All estates have avoided probate [...]
DeAngelis Legal created three new investment holding companies for three separate clients in Scottsdale, Phoenix and Mesa. The entities will be used to hold real estate and private equity investments. Two entities were created to be disregarded for tax purposes and the third has several family members and therefore is taxed as a partnership. DeAngelis [...]
Falling for fall. Fall is wonderful. Harvest time. The afterglow of summer travels and the excitement of the first snowfall knowing the holidays and ski season are right around the corner. It is also a time when we audit our corporate clients to review strategic plans, make sure their corporate structure is appropriate and assure [...]
DeAngelis Legal represented a young Phoenix couple expecting their first child with their estate plan documents. The couple represents the third generation in this family that DeAngelis Legal had represented after obtaining the necessary consents and waivers of potential conflicts from the other family members, . The simple estate plan included simple wills, powers of [...]
