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 Their current plan was outdated.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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
Estate Plan Update January, 2018 2018 Annual Gift Tax Exemption: increased to $15,000 (from $14,000) per donor, per donee. 2018 Gift and Estate Tax Exemption: $11,200,000 per donor for next 8 years, see below. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2018 Generation Skipping Tax Exemption: $11,200,000 per donor, see below. Top rate for [...]
November 2017 Sophisticated Estate Planning Designed, drafted and implemented sophisticated estate plan for couple with one child and estate tax issues. The estate plan included a complex revocable trust providing for survivor’s, marital and decedent’s trusts as well as an irrevocable life insurance trust or ILIT (see Advanced Estate Planning Tools) to hold a large life [...]
Estate Planning Update July, 2013 1. 2013 Annual Gift Tax Exemption: $14,000 per donor, per donee. 2. 2013 Gift and Estate Tax Exemption: $5,250,000 per donor, indexed for inflation. 3. Marital Deduction for Transfers to U.S. Spouse: Unlimited. 4. 2013 Generation Skipping Tax Exemption: $5,250,000 per donor, indexed for inflation. 5. Top rate for Federal [...]
