High net worth Arizona couple had not reviewed their revocable trust in over ten years. The husband became ill and upon review, their advisors found the trusts to be ambiguous and tax inefficient. DeAngelis Legal worked with the couple and their adult children to evaluate and prepare a comprehensive and complex revocable trust. The new [...]
Scottsdale couple desired to update their estate plan and corporate records. Complicating the planning were a mix of community and sole and separate assets, including a legal practice, long-standing construction company, children from a previous marriage and less than complete corporate records. DeAngelis Legal worked with the couple to identify their objectives, discuss alternatives and [...]
Arizona closely held service business navigated the resignation of an employee and the mutual termination of the entirety of their business and employment relationship. DeAngelis Legal reviewed the company’s Buy-Sell Agreement and General Release, responded to the departing employee’s claims, advised the remaining owners of their rights and obligations and successfully negotiated the resolution of [...]
Long time Scottsdale estate and business clients desired to overhaul their estate plan. DeAngelis Legal worked with the clients and their investment advisor to rework goals and objectives, including restructuring the terms of the gifts to their children, evaluating insurance needs and incorporating large gifts to charitable organizations. DeAngelis Legal prepared the documents updating their [...]
Young Scottsdale couple accumulated several businesses and real estate properties owned by four different entities formed in three different states. DeAngelis Legal reviewed each entity’s purpose, tax records, formation documents and contact information and prepared the documents necessary to conform with how the entities were treated for income tax purposes, update each entity’s contact information [...]
At the end of the administration of a trust, the title company required the trustee to open a probate and obtain letters of personal representative before closing. This is the second matter in as many months where DeAngelis Legal has had to deal with simple mistakes that caused significant delays and additional expenses in trust [...]
Trustee of a large estate identified a small investment account that was not transferred to the decedent’s revocable trust during his lifetime (mistake #1). Unfortunately, while making a copy of his will prior to his death the decedent had mixed the pages of the original and the copy (mistake 2), so while we had the [...]
A long-time Scottsdale closely held business owner desired to purchase a family member’s minority interest in the business. DeAngelis Legal worked with the buyer to evaluate alternatives and prepare the documents to evidence the transaction. The documents included an interest purchase agreement, promissory note, consent of the other members, assignment of interest and amendments to [...]
During the review and update of a new high net-worth Scottsdale couple’s estate plan, DeAngelis Legal identified a potentially large estate tax obligation caused by life insurance owned by the couple. DeAngelis Legal worked with the couple and their insurance advisor to identify and evaluate alternatives, which included an evaluation of how much life insurance [...]
DeAngelis Legal, LLC acts as Statutory Agent for entities created or authorized in Arizona, as an add-on service to clients. This way we will get notice before any adverse action against the entity. In preparation for our move, we updated the Statutory Agent and address of over 100 entities in Arizona with the Arizona Corporation [...]
