Scottsdale clients with adult children expanded their real estate investment and development activities and desired to formalize their corporate structure to maximize their estate tax, income tax and creditor protection benefits of the structure. Working with the client’s CPA, DeAngelis Legal advised the client on the various alternatives and choice of entity issues, created a [...]
DeAngelis Legal updated the core estate planning documents for four different families. From simple wills to complex trusts, regardless of the plan, it should be reviewed at least every five years. Recent estate tax law changes reduced the need for complex asset allocation provisions and shifted the emphasis to preserving income tax benefits. These subtle [...]
Scottsdale corporate and estate planning client desired to start a new commission-based business. DeAngelis Legal worked with the client to select the type of entity, LLC or corporation, and how its income would be taxed. DeAngelis Legal also created the formation documents and made sure the new entity fit within the client’s overall corporate and [...]
Unmarried Scottsdale couple desired to purchase a personal residence together, but wanted their respective families to receive the financial benefit from the investment upon their death. DeAngelis Legal worked with the client to create a tenants in common agreement, which addressed who would be responsible for managing the property, how expenses related to the property [...]
Estate Planning Update July 2026 2026 Annual Gift Tax Exclusion: remains $19,000 per donor, per donee. 2026 Gift and Estate Tax Exemption: increased to $15,000,000 per person this year (an increase of $110,000 per individual or $220,000 for a married couple) and made permanent. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2026 Generation [...]
High net worth Scottsdale couple sought assistance with creating a structure and strategy to make lifetime gifts to their children. DeAngelis Legal advised the clients on the varying interests of their children in the family business and income and estate tax issues. We also worked with the client’s bookkeeper, accountant and banker to design, draft [...]
Long time high net worth Arizona based client desired to make large lifetime gifts to his children. DeAngelis Legal advised the client regarding funding, control and use of the gifts to take advantage of the new 2026 estate tax exemptions, protect the assets from the children’s creditors and control the disposition of the funds. We worked [...]
Mom died leaving various real estate investments to her children in trust. The children were also named as co-trustees. Unfortunately, mom made pre-death transfers to some of the children. The co-trustees engaged DeAngelis Legal to assist them to sort out the issues with these transfers. The issues addressed included: (1) determining if the pre-death transfers [...]
DeAngelis Legal performed a five-year review of a current high net worth Scottsdale couple’s estate plan in connection with the 2025 estate tax changes. After the review, the couple identified several areas that they desired to change, including the distribution scheme and lifetime gifting. DeAngelis Legal prepared the updated estate plan documents and implemented the [...]
Corporate client in Phoenix desired to create a new construction company with a minority owner. DeAngelis Legal formed the entity and integrated the entity into their estate plan structure and advised the client with the selection of the type of entity, tax characterization and the terms of operating agreement. We also drafted the formation documents.
