New high net worth client from Phoenix engaged DeAngelis Legal to update his estate plan documents. The client had created an irrevocable trust with his prior estate planning attorney. The trust was for the benefit of his children and grandchildren in an attempt to use his annual exclusion gifts and named a third-party trustee. However, the trust was not meeting his objectives in several ways. DeAngelis Legal worked with the client, third party trustee and a power holder to terminate the trust.
