irrevocable trust

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July 2022 Trust Non-Judicial Settlement Agreement

DeAngelis Legal created another non-judicial settlement agreement modifying the terms of an irrevocable trust.  Decedent died before updating his estate plan, an all-too-common occurrence, leaving the beneficiaries of his trust to piece it together and work out the details themselves.  DeAngelis Legal prepared the settlement agreement, modifying the decedent’s trust to conform with his intentions [...]

By |2022-08-15T16:55:09-07:00August 15th, 2022|Recent Projects, Probate and Trust Administration|Comments Off on July 2022 Trust Non-Judicial Settlement Agreement

April 2022 Estate Planning for Generational Wealth

DeAngelis Legal prepared the estate plan for a young couple with generational wealth.  This project was made more complicated by one spouse’s interest in four irrevocable trusts and a myriad of out of state family businesses gifted from the spouse’s parents.  While the couple’s planning was simple, DeAngelis Legal assisted the spouse understand her rights [...]

By |2022-07-21T12:11:11-07:00May 15th, 2022|Recent Projects, Federal Estate Tax, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on April 2022 Estate Planning for Generational Wealth

March 2022 Irrevocable Trust Decanting

DeAngelis Legal represented a Scottsdale estate planning client with the decanting of his parent’s irrevocable trust.  The client is a current beneficiary of the trust, but wanted to clarify the terms upon which his children as secondary beneficiaries would receive its assets, especially because one child had special needs. DeAngelis Legal prepared the new trust [...]

By |2022-07-21T12:10:47-07:00April 15th, 2022|Recent Projects, Probate and Trust Administration, Protecting Family Wealth|Comments Off on March 2022 Irrevocable Trust Decanting

January 2022 Trust Decanting

DeAngelis Legal assisted with the trust decanting of an irrevocable trust.  We prepared the new trust instrument which holds a variety of closely held businesses, real estate entities and marketable securities.  The old instrument was prepared by another law firm and its terms did not meet with the settlors’ intent.  DeAngelis Legal worked with the [...]

By |2022-07-21T12:10:04-07:00February 15th, 2022|Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on January 2022 Trust Decanting

April 2020 Irrevocable Trust Termination

Scottsdale couple transferred their personal residences to several irrevocable Qualified Personal Residence Trusts (QPRTs) under the advice of prior counsel.  Clients now desired to unwind the transactions.  DeAngelis Legal reviewed the facts, trust documents and client’s objectives in order to propose alternatives for terminating the QPRTs in conjunction with the client’s tax and accounting professionals.  [...]

By |2020-07-04T15:39:41-07:00May 15th, 2020|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on April 2020 Irrevocable Trust Termination

January 2020 Modified Terms of Irrevocable Trust

Another irrevocable trust bites the dust.  Surviving spouse failed to fund the bypass trust upon her husband’s death.  Trustee engaged DeAngelis Legal to negotiate and draft a non-judicial settlement agreement between the trustees and beneficiaries.  The agreement provided for a revised allocation of the assets upon the surviving spouse’s death and a release of claims [...]

By |2020-04-13T10:17:20-07:00February 15th, 2020|Recent Projects, Probate and Trust Administration|Comments Off on January 2020 Modified Terms of Irrevocable Trust

August 2018 Estate Planning

Represented wealthy Phoenix couple with large lifetime gift to their child in trust.  DeAngelis Legal worked with the clients, their investment advisors and CPA to design an irrevocable trust that met the client’s objectives and minimize estate taxes.  They desired to remove the assets from their taxable estate, have a third party responsible for the [...]

By |2018-10-23T14:04:46-07:00September 15th, 2018|Recent Projects|Comments Off on August 2018 Estate Planning

July 2018 Estate Planning

Represented newly married Scottsdale spouse to design, draft and implement a comprehensive estate plan, which included the beneficial interests in several irrevocable trusts and other family assets.  DeAngelis Legal worked with the client, the family’s bank and other advisors to create a plan that protected inherited assets and provided financial support to the new spouse [...]

By |2018-10-21T16:43:56-07:00August 15th, 2018|Recent Projects|Comments Off on July 2018 Estate Planning

June 2018 Trust Administration

Represented trustees with administration of a multi-million dollar trust. Trustees desired to protect beneficiaries and provide for continued management of the trust's assets.  DeAngelis Legal worked with the trustees, beneficiaries and successor co-trustees, including adding a corporate trustee, to resolve the issues and document the transition and ongoing management plan.  The plan included decanting the terms of [...]

By |2018-07-19T18:13:37-07:00July 15th, 2018|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on June 2018 Trust Administration

February 2018 Irrevocable Trust Termination and Modification

Represented three separate trustees with the administration of irrevocable trusts.  The first trustee desired to simply terminate the trust, the second desired to modify the trust terms and the third desired to change trustees.  DeAngelis Legal reviewed the terms and circumstances of each trust, provided the trustees with alternatives, prepared settlement agreements terminating or modifying [...]

By |2018-05-15T18:33:32-07:00March 15th, 2018|Recent Projects, Probate and Trust Administration, Homepage|Comments Off on February 2018 Irrevocable Trust Termination and Modification