Current Phoenix client held interest in commercial real estate in an LLC with a third party. Third party desired to dissolve the entity and distribute property to separate entities to preserve future tax flexibility upon sale of property. DeAngelis Legal reviewed and negotiated proposed Dissolution Agreement and Tenants in Common Agreement drafted by the third [...]
Represented Scottsdale property manager with the preparation of a Tenants In Common agreement with his sister. Brother and sister desired to jointly acquire and own Scottsdale real estate. Rather than holding title to the property in a jointly owned entity, the parties desired to hold title separately as tenants in common to preserve income tax [...]
Real Estate and Estate Planning. Assisted trust beneficiary with a co-tenancy agreement with the sister for a family vacation home. DeAngelis Legal successfully drafted, negotiated and implemented the agreement which addressed the use, financial obligations, transfer restrictions, valuation and arbitration of issues related to the joint ownership of the property.