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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 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

Delegation of Trustee Powers

DELEGATION OF TRUSTEE POWERS When a client has a large asset base and a trust that will continue for a long period of time or in perpetuity, trustee selection often becomes an important issue to address. There may not be another person the client trusts to make decisions or who has the sophistication to invest, [...]

By |2021-07-01T20:25:36-07:00June 15th, 2021|Probate and Trust Administration, Estate Planning, Protecting Family Wealth|Comments Off on Delegation of Trustee Powers

May 2021 Estate Planning and Corporate Update

Long time Phoenix husband and wife clients own a closely held business among other assets.  DeAngelis Legal met with the new clients to discuss their objectives and alternatives and drafted the updated wills, revocable trust, powers of attorney and ancillary documents to achieve their objectives.  DeAngelis Legal also updated the corporate records of their business, [...]

By |2021-06-25T17:27:50-07:00June 15th, 2021|Recent Projects, Estate Planning, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on May 2021 Estate Planning and Corporate Update

April 2021 Estate Planning Post-Divorce

Unfortunately, divorce is a fact of life and has a significant impact on the legal rights of the spouses.  In addition to changing their status on Facebook, spouses need to consider the impact the divorce will have on their estate plan.  In this matter, DeAngelis Legal discussed the impact on the estate plan post-divorce, offered [...]

By |2021-06-25T17:16:46-07:00May 15th, 2021|Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on April 2021 Estate Planning Post-Divorce

April 2021 Sophisticated Estate Tax Planning

New Scottsdale client relocating from Nevada asked DeAngelis Legal to review her estate plan documents prepared by a firm in Nevada.  The sophisticated estate tax plan included a revocable trust, irrevocable trust and family limited partnership.  DeAngelis Legal provided a summary of the documents and recommendations.  After reviewing the suggestions with the client, DeAngelis Legal [...]

By |2021-06-25T17:12:43-07:00May 15th, 2021|Federal Estate Tax, Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on April 2021 Sophisticated Estate Tax Planning

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

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

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