Recent Projects

April 2023 Marital Agreement

A recently re-married Scottsdale client desired to define the financial relationship with their spouse. DeAngelis Legal met with the client identifying common issues and solutions and drafted a comprehensive agreement addressing issues such as the waiver of community property laws, the waiver of the obligation to provide support, restricting gifts and joint debts, and providing [...]

By |2023-07-09T12:15:44-07:00May 15th, 2023|Recent Projects, Estate Planning, Protecting Family Wealth|Comments Off on April 2023 Marital Agreement

April 2023 Corporate Restructure

A new Arizona resident desired to move their real estate business to Arizona from out of state. DeAngelis Legal worked with the client to evaluate alternative business structures, balancing income tax, estate tax and liability concerns. DeAngelis Legal drafted the new entities, domesticated entities from their home state and authorized other entities to do business [...]

By |2023-07-09T11:47:38-07:00May 15th, 2023|Entity Formation, Recent Projects, Business Services, Protecting Family Wealth|Comments Off on April 2023 Corporate Restructure

March 2023 Interest Purchase Agreement

A long-time Scottsdale closely held business owner desired to purchase a family member’s minority interest in the business.  DeAngelis Legal worked with the buyer to evaluate alternatives and prepare the documents to evidence the transaction.  The documents included an interest purchase agreement, promissory note, consent of the other members, assignment of interest and amendments to [...]

By |2023-05-12T20:04:05-07:00April 15th, 2023|Past Newsletters, Recent Projects, Mergers & Acquisitions, Business Services, Protecting Family Wealth, Homepage|Comments Off on March 2023 Interest Purchase Agreement

March 2023 Life Insurance Trust  

During the review and update of a new high net-worth Scottsdale couple’s estate plan, DeAngelis Legal identified a potentially large estate tax obligation caused by life insurance owned by the couple.  DeAngelis Legal worked with the couple and their insurance advisor to identify and evaluate alternatives, which included an evaluation of how much life insurance [...]

By |2023-05-12T20:00:34-07:00April 15th, 2023|Past Newsletters, Federal Estate Tax, Recent Projects, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on March 2023 Life Insurance Trust  

February 2023 Statutory Agent Update   

DeAngelis Legal, LLC acts as Statutory Agent for entities created or authorized in Arizona, as an add-on service to clients.  This way we will get notice before any adverse action against the entity.  In preparation for our move, we updated the Statutory Agent and address of over 100 entities in Arizona with the Arizona Corporation [...]

By |2023-05-12T19:59:47-07:00March 15th, 2023|Recent Projects, Entity Formation, Business Services, Protecting Family Wealth, Homepage|Comments Off on February 2023 Statutory Agent Update   

February 2023 Corporate Records Update  

Reviewed corporate structure and current documents of a Scottsdale client with entities throughout the United States.  DeAngelis Legal reviewed the current corporate records and determined that the documents didn’t match the structure the client believed they had, a potential for a rats nest of issues upon incapacity, death or IRS audit.   DeAngelis Legal corrected the [...]

By |2023-05-12T19:58:55-07:00March 15th, 2023|Recent Projects, Business Services, Protecting Family Wealth|Comments Off on February 2023 Corporate Records Update  

January 2023 Sophisticated Estate Planning

High net-worth out-of-state couple moving to Arizona desired to update their estate plan.  DeAngelis Legal worked with prior advisors to create a comprehensive multigenerational estate plan that minimized income, estate and generation skipping tax considerations.  The plan strikes a delicate balance between giving beneficiaries assets outright to enrich their lives versus holding assets in trust [...]

By |2023-05-12T19:58:27-07:00February 15th, 2023|Recent Projects, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on January 2023 Sophisticated Estate Planning

January 2023 Trust Administration 

Winter deaths caused several trusts to become irrevocable and new trustees taking over.  DeAngelis Legal advised the new trustees regarding their new duties and responsibilities, drafted the initial paperwork to transfer control, published notice to creditors to shorten the claims period and obtained tax identification numbers for the new trusts. All estates have avoided probate [...]

By |2023-05-12T19:57:43-07:00February 15th, 2023|Recent Projects, Probate and Trust Administration, Protecting Family Wealth|Comments Off on January 2023 Trust Administration 

January 2023 Estate Planning Update

Estate Planning Update January 2023 2023 Annual Gift Tax Exclusion: increased to $17,000 per donor, per donee. 2023 Gift and Estate Tax Exemption: increased to $12,920,000 per donor through 2025, see #6, an increase of $860,000. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2023 Generation Skipping Tax Exclusion: increased to $12,920,000 per donor [...]

By |2023-01-23T15:18:00-07:00January 20th, 2023|Annual Estate Plan Updates, Past Newsletters, Recent Projects, Estate Planning|Comments Off on January 2023 Estate Planning Update

December 2022 Letter of Intent

DeAngelis Legal reviewed a letter of intent for the seller of a Scottsdale based business. The letter outlined the material terms for the purchase and allowed the parties to proceed with more detailed due diligence.  DeAngelis Legal clarified certain terms and provided additional language protecting the parties.

By |2023-01-23T15:00:27-07:00January 15th, 2023|Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on December 2022 Letter of Intent
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