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 Their current plan was outdated.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 this matter, low basis California property was gifted to utilize wife’s Federal Estate Tax exemption and take advantage of California’s parent-child property tax re-valuation rules before recent legislation takes effect. DeAngelis Legal prepared the requisite trusts and ancillary documents to implement the plan and coordinated the various asset transfers.
