Recent Projects

September Real Estate Acquisition

It started out as a good deed, turned into a two-year battle and resulted in a happy accident for this Arizona couple.   Lack of business acumen of the opposing party, no documentation, poor accounting, differing legal systems and language barriers made this a difficult matter to resolve.  DeAngelis Legal worked with the client’s US accountants [...]

By |2024-10-09T22:22:38-07:00October 15th, 2024|Real Estate, Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on September Real Estate Acquisition

September 2024 Sale of LLC Interests

DeAngelis Legal was engaged by a Scottsdale couple to assist them with a business divorce from their co-owner.  The owners wanted to end their working relationship with each other and looked for alternatives to dissolving or selling the entity to a third party.  However, the parties could not agree on terms or even the process [...]

By |2024-10-09T22:18:33-07:00October 15th, 2024|Recent Projects, Mergers & Acquisitions, Homepage|Comments Off on September 2024 Sale of LLC Interests

August 2024 Industrial Real Estate Letter of Intent

Current Arizona corporate client had an opportunity to buy a specific purpose industrial property from a large multinational corporation.  DeAngelis Legal advised the client regarding the appropriate terms of the transaction, prepared a letter of intent outlining those terms and negotiated contested issues with the seller.  Both parties signed the letter of intent and the [...]

By |2024-09-18T20:06:09-07:00September 15th, 2024|Real Estate, Recent Projects, Business Services, Homepage|Comments Off on August 2024 Industrial Real Estate Letter of Intent

August 2024 Merger and Acquisitions

Long time Arizona firm negotiated and entered into a Letter of Intent to sell its assets.  After reaching a stalemate on the language of a overly complicated asset purchase agreement, Seller engaged DeAngelis Legal to assist it finalize the terms.  DeAngelis Legal advised the Seller regarding the key issues and ultimately reviewed, negotiated and closed [...]

By |2024-09-18T20:00:18-07:00September 15th, 2024|Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on August 2024 Merger and Acquisitions

August 2024 Commercial Lease Review

New Phoenix client’s landlord changed management firms and the new management firm requested that the tenant sign a new comprehensive lease agreement.  The tenant asked DeAngelis Legal to review the lease and provide comments.  The lease had numerous unfavorable provisions to the tenant, including blurring the line between a modified gross and triple net lease, [...]

By |2024-09-18T20:00:40-07:00September 15th, 2024|Real Estate, Recent Projects, Business Services, Homepage|Comments Off on August 2024 Commercial Lease Review

July 2024 Real Estate Purchase Agreement

Long time estate planning and business client desired to purchase real estate and was presented with sale agreement.  DeAngelis Legal reviewed and revised the agreement, created a holding company to hold the real estate and assisted the buyer with its due diligence review and other closing matters.

By |2024-08-27T20:42:13-07:00August 15th, 2024|Real Estate, Recent Projects, Homepage|Comments Off on July 2024 Real Estate Purchase Agreement

July 2024 Informal Probate

Two more informal probates.  In two separate matters, the decedent had a valid and enforceable revocable trust.  As we see time and time again, the decedent's transferred a majority of their assets to their trust, but failed to transfer a few of them, thus requiring the survivors to open probate.  DeAngelis Legal prepared and filed [...]

By |2024-08-27T20:39:53-07:00August 15th, 2024|Recent Projects, Estate Planning, Probate and Trust Administration, Homepage|Comments Off on July 2024 Informal Probate

July 2024 LLC Operating Agreement

Members of a successful closely held limited liability company disagreed over the entity’s future.  The entity engaged DeAngelis Legal to draft an operating agreement to address the parties’ concerns.  The agreement substantially modified the fiduciary duties of loyalty and care, implemented comprehensive dispute resolution provisions and set various thresholds for management decisions, including dissolution.

By |2024-08-27T20:36:12-07:00August 15th, 2024|Recent Projects, Entity Formation, Business Services, Homepage|Comments Off on July 2024 LLC Operating Agreement

June 2024 Nonjudicial Settlement Agreement

Surviving spouse was surprised to learn that the revocable trust created by the couple 10+ years ago became irrevocable upon the 1st spouse’s death.  In addition, the trust split the couple’s assets and allocated half to a trust where the surviving spouse only had limited rights to the assets.  After reviewing the survivor’s alternatives, DeAngelis [...]

By |2024-08-27T20:32:16-07:00July 15th, 2024|Recent Projects, Estate Planning, Probate and Trust Administration, Protecting Family Wealth|Comments Off on June 2024 Nonjudicial Settlement Agreement

June 2024 Estate Planning for Second Marriage

Represented couple with the preparation of a comprehensive review and update of their estate plan.  Both spouses in this second marriage had children from their prior marriages and maintained both separate and combined finances.  DeAngelis Legal identified significant issues, including estate tax implications and inequities in their proposed structure, proposed potential solutions and drafted the [...]

By |2024-08-27T20:22:54-07:00July 15th, 2024|Past Newsletters, Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on June 2024 Estate Planning for Second Marriage
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