estate tax

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July 2022 Estate Planning Update

 Estate Planning Update July, 2022 1. 2022 Annual Gift Tax Exclusion: increased to $16,000 per donor, per donee. 2. 2022 Gift and Estate Tax Exemption: increased to $12,060,000 per donor through 2025, see #6. 3. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 4. 2022 Generation Skipping Tax Exclusion: increased to $12,060,000 per donor [...]

By |2022-07-29T11:30:04-07:00July 20th, 2022|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Estate Planning, Protecting Family Wealth|Comments Off on July 2022 Estate Planning Update

July 2021 Estate Planning Update

 Estate Planning Update July, 2021 1. 2021 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2. 2021 Gift and Estate Tax Exemption: increased to $11,700,000 per donor through 2025, see #6. 3. Marital Deduction for Transfers to U.S. Spouse: unlimited. 4. 2021 Generation Skipping Tax Exclusion: increased to $11,700,000 per donor through [...]

By |2021-08-04T17:56:26-07:00July 20th, 2021|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Estate Planning, Protecting Family Wealth, Uncategorized|Comments Off on July 2021 Estate Planning Update

Top 7 Tips for Estate Planning

Here are our Top 7 Tips for Estate Planning this year: Review K-1s and 1099s. These documents should show your trust or you as trustee or its abbreviation “TR.”  If not, the asset is most likely title in your individual name and should be transferred to the trust.  This is especially true if the asset [...]

By |2021-01-26T19:25:42-07:00January 25th, 2021|Past Newsletters, Federal Estate Tax, Probate and Trust Administration, Estate Planning, Protecting Family Wealth|Comments Off on Top 7 Tips for Estate Planning

December 2020 High Net Worth Estate Tax Planning

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  Their current plan was outdated.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 [...]

By |2021-01-25T18:12:11-07:00January 15th, 2021|Federal Estate Tax, Recent Projects, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on December 2020 High Net Worth Estate Tax Planning

July 2020 Estate Planning Update

Estate Planning Update July, 2020 1. 2020 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2. 2020 Gift and Estate Tax Exemption: increased to $11,580,000 per donor through 2025, see #8. 3. Marital Deduction for Transfers to U.S. Spouse: unlimited. 4. 2020 Generation Skipping Tax Exclusion: increased to $11,580,000 per donor through [...]

By |2020-07-29T09:58:29-07:00July 15th, 2020|Annual Estate Plan Updates, Federal Estate Tax, Estate Planning, Uncategorized|Comments Off on July 2020 Estate Planning Update

Pandemic Planning for Individuals

DeAngelis Legal's pandemic planning for individuals is a list of topics you should address in light of the COVID-19 outbreak.  For topics related to businesses see Pandemic Planning for Businesses. CARES Act for Individuals. The CARES Act has many provisions benefiting individuals. These pandemic planning topics are wide ranging from the much discussed rebates, to lesser [...]

By |2020-04-27T19:24:18-07:00April 27th, 2020|Past Newsletters, Estate Planning, Protecting Family Wealth|Comments Off on Pandemic Planning for Individuals

July 2019 Estate Plan Update

Estate Planning Update July, 2019 2019 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2019 Gift and Estate Tax Exclusion: $11,400,000 per donor through 2025, see #6 below. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2019 Generation Skipping Tax Exclusion: $11,400,000 per donor through 2025, see #6 below. Top rate for [...]

By |2019-07-29T18:13:29-07:00July 22nd, 2019|Annual Estate Plan Updates, Federal Estate Tax, Probate and Trust Administration, Estate Planning|Comments Off on July 2019 Estate Plan Update

July 2018 Estate Plan Update

Estate Planning Update July, 2018 2018 Annual Gift Tax Exemption: increased to $15,000 (from $14,000) per donor, per donee. 2018 Gift and Estate Tax Exemption: $11,180,000 per donor through 2025, see below. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2018 Generation Skipping Tax Exemption: $11,180,000 per donor through 2025, see below. Top rate for [...]

By |2018-08-11T16:23:59-07:00July 15th, 2018|Annual Estate Plan Updates, Past Newsletters|Comments Off on July 2018 Estate Plan Update

January 2018 Estate Plan for Multi-National Family Business Owners

Represented family with the implementation of coordinated estate plans for father and two married sons with assets in the United States and Mexico.  Family owns farms and equipment in Mexico and real estate and businesses in the United States.  DeAngelis Legal worked with the family’s corporate attorney to create an integrated succession plan and separate, [...]

By |2018-05-15T18:36:51-07:00February 15th, 2018|Recent Projects, Estate Planning, Succession Planning|Comments Off on January 2018 Estate Plan for Multi-National Family Business Owners

January 2018 Sophisticated Estate Plan and Irrevocable Trust

Represented couple with the preparation of comprehensive estate plan, including irrevocable life insurance trust.  Husband and wife with one daughter and one wage earner desired to purchase large life insurance policy to compensate for lack of assets if wage earner died.  DeAngelis Legal reviewed alternatives with client and prepared a complex revocable trust and irrevocable [...]

By |2018-05-15T18:37:26-07:00February 15th, 2018|Recent Projects, Federal Estate Tax, Estate Planning|Comments Off on January 2018 Sophisticated Estate Plan and Irrevocable Trust