trust modification

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September 2021 Trust Termination

DeAngelis Legal assisted new client with the judicial termination of a Charitable Remainder Trust.  The trust was established many years earlier and was struggling to cover increased administrative costs and distributions to the income beneficiaries.  DeAngelis Legal worked with the income beneficiaries, the charitable remainder beneficiaries, their accountant and the corporate trustee to value the [...]

By |2022-07-21T12:07:50-07:00October 15th, 2021|Recent Projects, Probate and Trust Administration|Comments Off on September 2021 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

November 2017 Trust Administration

November 2017 Trust Administration Represented surviving spouse with allocation of assets among sub-trusts upon the death of spouse.  DeAngelis Legal assisted the surviving spouse in wrapping up the affairs of the deceased spouse and allocating the assets between the Survivor’s and Decedent’s trusts.  DeAngelis Legal also assisted the surviving spouse with an update to her [...]

By |2018-01-26T17:54:01-07:00December 15th, 2017|Recent Projects|Comments Off on November 2017 Trust Administration