Past Newsletters

FTC Bans Noncompete Provisions

On April 23, 2024, the Federal Trade Commission issued its final rule banning noncompetition (noncompete) provisions for all workers as an unfair method of competition.   The U.S. Chamber of Commerce has vowed to challenge the ruling, but employers need to start understanding the law and how it will impact their documents and their worker’s rights. [...]

By |2024-04-30T13:40:21-07:00April 23rd, 2024|Past Newsletters, Business Services, Protecting Family Wealth, Homepage|Comments Off on FTC Bans Noncompete Provisions

CTA Compliance Update – Seven Tips

Four months into complying with the Corporate Transparency Act (CTA), we have picked up a few tips that we thought would be helpful to pass along. Background. The CTA is a federal registration program for business owners administered by the Financial Crimes Enforcement Network (FinCEN). Compliance began January 1, 2024 and involves several disclosure requirements [...]

By |2024-04-30T12:01:43-07:00April 22nd, 2024|Past Newsletters, Entity Formation, Business Services, Homepage|Comments Off on CTA Compliance Update – Seven Tips

Welcome Garren Carroll!

Garren W. Carroll, Esq. has joined DeAngelis Legal as an attorney.  Garren has been practicing general business and estate planning law since 2005.  Prior to joining DeAngelis Legal he worked in private practice and as in-house counsel at a small start-up. Garren regularly represents clients with their estate planning and probate matters, including simple wills, [...]

By |2024-04-16T16:48:58-07:00April 8th, 2024|Past Newsletters, Estate Planning, Business Services, Uncategorized|Comments Off on Welcome Garren Carroll!

January 2024 Estate Planning Update

Estate Planning Update January 2024 1. 2024 Annual Gift Tax Exclusion: increased to $18,000 per donor, per donee. 2. 2024 Gift and Estate Tax Exemption: increased to $13,610,000 per donor through 2025, see #6, an increase of $690,000. 3. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 4. 2023 Generation Skipping Tax Exemption: increased [...]

By |2024-01-22T20:10:52-07:00January 15th, 2024|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Entity Formation, Business Services|Comments Off on January 2024 Estate Planning Update

The Corporate Transparency Act (CTA) – New Year. New Requirements.

Beginning January 1, 2024, the US Corporate Transparency Act (CTA) will require corporations, limited liability companies, limited partnerships, trusts and other similar entities to disclose beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau within the US Department of the Treasury. The CTA aims to enhance financial transparency and strengthen anti-money laundering [...]

By |2024-01-18T19:14:48-07:00January 1st, 2024|Past Newsletters, Entity Formation|Comments Off on The Corporate Transparency Act (CTA) – New Year. New Requirements.

Residential Real Estate

Residential real estate continues to be a significant asset in most estates we plan.  It also continues to cause considerable issues with the estates and trusts we administer.  Whether caused by poor financial planning, poor estate planning or poor execution, the result is always the same – increased family discord, frustration and expense during administration [...]

By |2023-07-27T14:34:43-07:00July 22nd, 2023|Past Newsletters, Estate Planning, Probate and Trust Administration|Comments Off on Residential Real Estate

July 2023 Estate Planning Update

Estate Planning Update July 2023 2023 Annual Gift Tax Exclusion: increased to $17,000 per donor, per donee. 2023 Gift and Estate Tax Exemption: increased to $12,920,000 per donor through 2025, see #6, an increase of $860,000. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2023 Generation Skipping Tax Exclusion: increased to $12,920,000 per donor [...]

By |2023-07-25T10:27:39-07:00July 22nd, 2023|Past Newsletters, Annual Estate Plan Updates, Federal Estate Tax, Recent Projects, Estate Planning, Probate and Trust Administration|Comments Off on July 2023 Estate Planning Update

June 2023 Corporate Entity Review and Update

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 [...]

By |2023-07-09T12:17:27-07:00July 15th, 2023|Past Newsletters, Recent Projects, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on June 2023 Corporate Entity Review and Update

June 2023 Informal Probate

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 [...]

By |2023-07-27T14:37:07-07:00July 15th, 2023|Past Newsletters, Recent Projects, Probate and Trust Administration, Homepage|Comments Off on June 2023 Informal Probate

May 2023 Formal Probate

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 [...]

By |2023-07-09T12:16:42-07:00June 15th, 2023|Past Newsletters, Recent Projects, Probate and Trust Administration, Homepage|Comments Off on May 2023 Formal Probate
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