Represented successor trustee with trust administration. DeAngelis Legal represented parents with creation of a trust that established sub-trusts for their adult children upon their deaths. DeAngelis Legal assisted the successor trustee with negotiating and closing the sale of a large Paradise Valley residence, distributing personal property to the beneficiaries, interviewing and selecting an investment advisor, [...]
Represented Scottsdale strategic buyer of retail business. Buyer and Seller negotiated terms of an asset sale. DeAngelis Legal advised the Buyer with structure and terms and prepared a draft asset purchase agreement incorporating the agreed upon terms.
Represented Scottsdale property manager with the preparation of a Tenants In Common agreement with his sister. Brother and sister desired to jointly acquire and own Scottsdale real estate. Rather than holding title to the property in a jointly owned entity, the parties desired to hold title separately as tenants in common to preserve income tax [...]
Represented Scottsdale beneficiary with the decanting of an irrevocable trust. DeAngelis Legal previously represented beneficiary with the termination of different trust and updated his estate plan. Beneficiary’s parents created an irrevocable trust, but the administrative provisions were inflexible. DeAngelis Legal prepared the documents necessary to decant the trust into a trust with the same beneficiaries, [...]
Represented recently divorced Scottsdale client transfer corporate structure. DeAngelis Legal previously represented client with respect to his estate plan and corporate structure. Upon the client’s divorce, he was required to terminate the trust and remove the divorced spouse’s name from the corporate structure. DeAngelis Legal prepared and filed the necessary documents transferring the structure.
Represented Scottsdale spouse with respect to a marital agreement and update to estate plan. DeAngelis Legal previously represented spouse with respect to the termination of an irrevocable trust. Spouse, with children from a prior marriage, got engaged and desired to define the rights and obligations of each spouse and update his estate plan prior to [...]
Represented beneficiary with respect to his interest in irrevocable trust. Beneficiary’s late spouse left her assets in trust for surviving spouse. DeAngelis Legal analyzed trust terms, explained terms and alternatives to beneficiary and prepared the documents necessary to exercise beneficiary's rights to without amending or terminating the trust.
Represented two separate clients with a review and clean up of their corporate structure. The first client owned several unrelated businesses in the healthcare industry and the other client was predominately in real estate development. Both clients wanted to maximize creditor protection while minimizing income taxes. DeAngelis Legal reviewed each client’s situation, made recommendations and [...]
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 [...]
Assisted a wealthy Scottsdale couple with an update to their existing revocable trust. DeAngelis Legal assisted couple with the preparation of a complex trust intended to hold concentrated and illiquid assets and limited rights of the beneficiaries to use the trust assets.