Assisted high net worth Paradise Valley family with the overhaul of their estate plan. Their current plan was outdated. DeAngelis Legal had several meetings with parents, provided alternatives for their desire to take advantage of current estate and property tax laws to minimize taxes, provide for future generations and protect the wealth from creditors. In [...]
Assisted successor trustees with the administration of a trust after the death of both spouses. What should have been a simple administration was complicated by poor planning, the surviving spouse’s failure to follow the terms of the trust and her failure to provide remainder beneficiaries with important information, such as where the original documents are [...]
Assisted long time corporate client with the review and implementation of its succession plan. DeAngelis Legal reviewed the plan and prepared the necessary documents to the next stage of the plan, which included issuing additional shares to key employees and making gifts to family members, effectively cleaning up fractional shares of the entity and furthering [...]
Three years! After three years, we completed the administration of a client’s deceased aunt’s estate and trust. What should have been a relatively simple administration turned into a lengthy probate. The administration was not contested but was complicated by the aunt’s lack of financial records, failure to title assets in the name of her trust, [...]
Assisted new client with the review and negotiation of a operating agreement for a closely held company. DeAngelis Legal provided comments and recommendations as well as sample provisions for updating the agreement incorporating Arizona's new LLC Act.
Assisted long time high net worth Scottsdale couple with the review and analysis of their complex estate plan. DeAngelis Legal reviewed their current plan, updated tax projections based on various scenarios and provided various recommendations for utilizing their remaining gift, estate and GST tax exemptions. DeAngelis Legal is also preparing the additional spousal lifetime access [...]
With the Democrats capturing the presidency and holding on to a majority in the U.S. House of Representatives, all eyes are focused on the Georgia Senate race. The remaining candidates in each race will advance to a runoff election on January 5, 2021. The Democrats need to pick up both Georgia seats to gain control [...]
DeAngelis Legal spent a considerable amount of time in October evaluating and coordinating large transfers for clients. In reviewing the numbers, clients over the age of 80 with a taxable estate substantially over the Federal Gift and Estate Tax exclusion ($11,580,000 per spouse) were the most likely to make such transfers, while younger clients seemed [...]
Assisted minority shareholder with the review and negotiation of a comprehensive ownership succession plan for a closely held business. DeAngelis Legal provided a detailed analysis of the plan, comments to the documentation and potential resolutions of the issues raised. The plan involved updating the firm’s articles, bylaws and shareholders agreement. The shareholders agreement had triggering [...]
Concerns over an impending “blue wave” of Democrats taking over the Senate caused our phones to ring in September. DeAngelis Legal spent a significant amount of time with these high net worth clients throughout Arizona describing and evaluating the best alternatives for utilizing their remaining estate tax exemptions before the end of the year. Several [...]
