Winter usually results in several deaths, but this January DeAngelis Legal was hit especially hard with several long-time and beloved clients dying over the holidays triggering the provisions of their formerly revocable trusts. Over time, we develop an affinity for our clients and learn so much from them that we also grieve their premature death. [...]
Love was in the air this holiday season as we drafted, negotiated and signed three marital agreements, two for newlyweds and one for a couple in a long-term marriage. In each case DeAngelis Legal worked with the parties and their family law attorneys to resolve issues regarding jointly held property, spousal maintenance and death. Hopefully [...]
Ultra-high net worth client entered into negotiations to sell his business. The business’s attorneys handled the transaction documents, but DeAngelis Legal assisted the client to evaluate various transaction structures to reduce or defer income taxes on the transaction. After reviewing the alternatives, DeAngelis Legal created a new entity and other documents implementing the structure.
High net worth widow knew how she wanted her estate plan handled at death, but was not confident her estate planning attorney understood her desires and therefore had not updated her estate plan in years. After an in-depth review of her finances and objectives, DeAngelis Legal proposed a comprehensive estate plan which achieved her goals [...]
Recent empty nesters from Scottsdale desired to update their estate plan. DeAngelis Legal met with the couple and answered questions regarding their objectives and preferences. The couple preferred a simple plan designed to avoid probate upon incapacity or death and provide the structure for the outright distribution to their children. DeAngelis Legal drafted a basic [...]
Husband and wife created a standard survivor’s bypass trust, with half the assets passing to the family of each spouse. Upon the death of the husband, this structure necessitated the valuation and allocation of the assets between the two trusts. While the couple had plenty of liquidity, the sheer number of entities and accounts made [...]
Client and friends created a new restaurant concept and engaged DeAngelis Legal to form the entity. After reviewing the alternatives, DeAngelis Legal created a new LLC and a comprehensive operating agreement detailing capital contributions, management, ownership and dispute resolution provisions incorporating the parties compensation framework they had agreed upon. Kudos to the parties for resolving [...]
After updating his estate plan with DeAngelis Legal, a client inquired about alternatives for dealing with an irrevocable trust created by a prior law firm. DeAngelis Legal worked with the client to flush out his core concerns and objectives for his family, reviewed the trust instrument and applicable law to find alternatives and worked with [...]
Ultra-high net worth couple with long standing family-owned Arizona business struggled for years to complete their estate planning. Three different law firms tried and failed over the years to update their estate plan. DeAngelis Legal assisted the clients review their current assets and irrevocable trusts, discussed their objectives and alternatives, drafted the plan that incorporated [...]
Employer and employees desired to create an offshoot business separate and apart from the employer’s current business. DeAngelis Legal assisted the parties with creating a new LLC and a comprehensive operating agreement governing control, voting rights and transferability of the ownership interests in the new entity.
