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 [...]
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. [...]
Represented couple with the termination of an irrevocable trust, re-assignment of a life insurance policy and overhaul of their estate plan documents. Over the last thirty years the couple accumulated a hodgepodge of entities and trusts. DeAngelis reviewed the documents, proposed and implemented a re-organization of their estate plan, including the termination of an irrevocable [...]
December 2017 Trust Administration Represented husband with the unwinding of a flawed complex asset protection and estate plan in connection with a divorce. DeAngelis Legal coordinated with each spouse’s divorce counsel, business counsel and accountants to evaluate and document the termination of an irrevocable trust established for their children. DeAngelis Legal prepared the non-judicial settlement [...]
