Protecting Family Wealth

/Protecting Family Wealth

January 2019 Business Start Up

Represented beneficiary with choice of entity and capitalization issues. Beneficiary desired to open a new branch of the family business.  DeAngelis Legal assisted beneficiary with reviewing her alternatives and selecting appropriate type of entity, drafted the formation documents and formed the entity.  DeAngelis Legal also assisted beneficiary with capitalization of the business and prepared the [...]

By |2019-03-15T19:08:10-07:00February 15th, 2019|Entity Formation, Recent Projects, Business Services, Protecting Family Wealth|Comments Off on January 2019 Business Start Up

November Corporate Planning

Represented high net worth Scottsdale couple owning numerous closely held business and real estate interests with a comprehensive review of their corporate plan. DeAngelis Legal reviewed current terms and structure and made significant recommendations to maximize creditor protection, minimize estate taxes and facilitate administration of structure upon a death or disability of the couple.  DeAngelis Legal [...]

By |2019-01-02T11:49:13-07:00December 15th, 2018|Recent Projects, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on November Corporate Planning

November Estate Planning

Represented elderly Scottsdale couple with an update to their estate plan. The retired husband and wife have adult children with different economic means.  DeAngelis Legal reviewed the couple’s current plan, made recommendations, discussed alternatives and drafted a new estate plan creating trusts with third party corporate trustees for their children which had the effect of [...]

By |2019-01-02T11:38:37-07:00December 15th, 2018|Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on November Estate Planning

November Estate Planning

Represented young Scottsdale couple with core estate planning documents. DeAngelis Legal interviewed the young entrepreneur and his wife, made recommendations, and ultimately drafted and implemented a comprehensive estate plan which named guardians for their minor children, created trusts which deferred the children’s control over the assets and integrated other aspects of the couple’s assets and [...]

By |2019-01-02T11:49:51-07:00December 15th, 2018|Estate Planning, Protecting Family Wealth|Comments Off on November Estate Planning

October 2018 LLC Formation and Termination

Created several new limited liability companies (LLCs). DeAngelis Legal represented a couple current and new clients with the formation of LLCs.  DeAngelis Legal assisted the clients with entity type selection and tax classification, preparing the formation documents and filing the Articles with the Arizona Corporation Commission for approval.  DeAngelis Legal also terminated one entity which was [...]

By |2018-11-18T15:14:56-07:00November 15th, 2018|Entity Formation, Recent Projects, Business Services, Protecting Family Wealth|Comments Off on October 2018 LLC Formation and Termination

Choice of Entity – Types and Uses of Legal Entities

Choice of Entity The Tax Cuts and Jobs Act signed in December of 2017 reduced the income tax rate on corporations and pass through entities.  The Act, coupled with an increase in business activity in Arizona, has created a lot of questions about the appropriate choice of entity, i.e., what is the best type of [...]

By |2018-10-23T14:01:36-07:00October 22nd, 2018|Real Estate, Past Newsletters, Entity Formation, Business Services, Protecting Family Wealth|Comments Off on Choice of Entity – Types and Uses of Legal Entities

Legal Implications of Community Property in Arizona

Legal Implications of Community Property While love may be in the air in the spring, October is the most popular month to get married.  With the excitement of the engagement and all the planning for the wedding, travel and gifts, few couples spend the time to reflect on how their financial rights and obligations will [...]

By |2018-10-23T13:59:39-07:00October 20th, 2018|Past Newsletters, Estate Planning, Protecting Family Wealth|Comments Off on Legal Implications of Community Property in Arizona

Types of Insurance Coverage

Types of Insurance There are may different types of insurance coverage  Life insurance is usually your primary defense and has the two-pronged effect of protecting your family’s assets from being depleted or lost and providing liquidity. This post lists the various types of insurance for you to consider and briefly introduces some of their [...]

By |2018-08-11T16:25:52-07:00April 25th, 2018|Past Newsletters, Estate Planning, Protecting Family Wealth|Comments Off on Types of Insurance Coverage

Contract Documentation

Contract Documentation Contract documentation is another way to minimize risk.  Whether it is a core business contract or the construction of a personal residence, most contracts understandably focus on price and payment terms, but the other “boilerplate” provisions are equally important.  Every month we prepare or review contracts that attempt to shift the responsibility [...]

By |2018-05-15T18:50:10-07:00April 15th, 2018|Business Services, Protecting Family Wealth|Comments Off on Contract Documentation