Probate & Estate Planning

In two separate matters, a new client’s spouse unexpectedly died, leaving behind a will and trust that was outdated and adversely impacted the surviving spouse upon the death of the first spouse. In both instances, the decedent failed to review or update their estate plan with legal counsel. DeAngelis Legal discussed potential solutions with the surviving spouse and implemented strategies to address the issues.
In the first matter, DeAngelis Legal prepared a Non-judicial Settlement Agreement to rectify certain provisions of the trust. In the second matter, DeAngelis Legal proposed and issued a notice regarding the interpretation of an ambiguous amendment
Continue Reading May 2024 Trust Administration

Despite elevated interest rates, real estate acquisitions in Arizona continue to dominate our transaction practice.  DeAngelis Legal created several new limited liability companies (LLCs) for new and current clients, to acquire and hold real estate.  In addition to forming holding companies, DeAngelis Legal advised the clients with respect to the preparation of leases to third parties and complied with the new Corporate Transparency Act (CTA) requirements. LLCs continue to be the entity of choice for real estate transactions because they provide a balance of flexibility, liability protection and tax benefits.
The post May 2024 Corporate Formations appeared first on DeAngelis
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I will give you a premium experience. My process will help you accomplish a very important task in a relatively brief amount of time.  I do this by asking the right questions, explaining your options in a concise manner, and then using technology to build your estate plan with the latest tools and techniques of estate planning.Estate and trust law is a very formidable beast to tame, but rest assured, I aspire to mastery of the subject matter, and you will work directly with me.    
Continue Reading My USP (Why Should You Hire Me?)

This article originally appeared in the Arizona Mirror on March 6, 2024, by Jimmy Cool. Arizona legislators introduced more than a dozen bills focused on amending marijuana laws this year, but just five are left standing as lawmakers have passed the midpoint of their annual session. Remaining bills run the gamut from […]
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A useful tool from its inception, the 529 concept has improved as the scope of its permitted use has grown.

A 529 or “qualified tuition” plan is federally authorized savings plan that you can use for a child’s or grandchild’s college tuition and other educational expenses. In most states, contributions to the plan are tax deductible (state), and the earnings in a 529 account are not subject to federal income tax.

Here are the features of

AZ529: Arizona’s Education Savings Plan

:

  • offers parents, grandparents, and students an opportunity to save for “qualified education” expenses – tuition, books, and room


Continue Reading A 529 Plan Can Help Cover the Growing Costs of a Child or Grandchild’s Education

TIPS FOR PROMPT WRITING

  • Use context and constraints.
  • State your objective with the prompt.
  • Provide clear, concise information.
  • Highlight common scenarios.
  • Identify your audience.
  • Have a discussion. Add information or modify your prompt if you don’t get what you are expecting.
  • Experiment with different prompts for the same project.
  • Build on each prompt. Have a conversation.
  • GENERIC PROMPTS/PROMPTS TO INCLUDE WITH OTHERS

  • What is the best way for you to learn my writing style and write … for me?
  • Create your response in a table with the following columns.
  • As an experienced …, guide me in crafting social media content

  • Continue Reading AI Prompt Writing: Tips and Examples for Lawyers

    Phoenix, AZ (June 3, 2024) – Frazer Ryan Goldberg & Arnold, LLP, a leading Arizona-based law firm, is pleased to announce that six attorneys are listed in the 2024 edition of Southwest Super Lawyers®. In addition, two attorneys are listed in the 2024 edition of Southwest Super Lawyers Rising Stars®. Each year, […]
    The post Seven Frazer Ryan Attorneys Listed in the 2024 edition of Super Lawyers appeared first on Frazer Ryan Goldberg & Arnold, LLP.
    Continue Reading Seven Frazer Ryan Attorneys Listed in the 2024 edition of Super Lawyers

    In late December 2019, Congress enacted the SECURE Act, which, among other things, amended the rules governing required minimum distributions (RMDs) payable to a beneficiary of an owner of an IRA or a beneficiary of a participant in an “individual account plan”[1] who died on or after January 1, 2020. In […]
    The post Required minimum distribution rules for certain beneficiaries create uncertainty regarding RMD liability appeared first on Frazer Ryan Goldberg & Arnold, LLP.
    Continue Reading Required minimum distribution rules for certain beneficiaries create uncertainty regarding RMD liability

    Long-time Scottsdale client started a new venture and desired to grant key employees with equity incentive compensation based on the growth of the business.  DeAngelis Legal assisted the client with evaluating alternative compensation plans, including bonus plans, phantom ownership and direct ownership.  DeAngelis Legal also prepared a sample grant of interest with vesting provisions and an operating agreement to implement the client’s desired plan.
    The post April 2024 Operating Agreement with Equity Incentive appeared first on DeAngelis Legal.
    Continue Reading April 2024 Operating Agreement with Equity Incentive

    In a recent case that captured the attention of elder law practitioners, the Court of Appeals of Arizona delivered a decision that underscores the complexities surrounding the definition of “vulnerable adult” under Arizona law. While the case, *Holly Richardson, as Personal Representative of the Estate of Sally A. Hendrix, v. Jack Richard Hannallah, MD et al.*, does not create legal precedent, its insights into the Adult Protective Services Act (APSA) are invaluable for those navigating the legal landscape of elder law, guardianship, and conservatorship.
    Hendrix v. Hannallah: Case Overview
    Sally Hendrix, a 69-year-old with a diabetic ulcer and other health
    Continue Reading Understanding the Court of Appeals Decision on Vulnerable Adults: A Case Study

    In a close vote on April 23, 2024, the Federal Trade Commission (FTC) acted to issue a final rule banning most employer-employee non-compete agreements. The rule would bar most new non-compete agreements and would also bar employers from enforcing most existing agreements.  The FTC rule still faces legal challenges from […]
    The post FTC Issues Final Rule Banning Most Non-Compete Agreements Nationwide. appeared first on Frazer Ryan Goldberg & Arnold, LLP.
    Continue Reading FTC Issues Final Rule Banning Most Non-Compete Agreements Nationwide.

    Phoenix, AZ (April 30, 2024) – Frazer Ryan Goldberg & Arnold, LLP (Frazer Ryan), a leading Arizona-based law firm, is pleased to announce that Senior Partner Jon A. Titus has joined the Firm. After practicing for thirty-five years at Titus Brueckner in Scottsdale, AZ. Titus moved his real estate and commercial […]
    The post Jon A. Titus joins Frazer Ryan Goldberg & Arnold appeared first on Frazer Ryan Goldberg & Arnold, LLP.
    Continue Reading Jon A. Titus joins Frazer Ryan Goldberg & Arnold

    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.
    What is the New Rule?
    Under the new rule, any provision which prevents a worker from accepting similar work, or starting a business, after the conclusion of the employment (noncompete) will no longer be enforceable.  In fact, the rule requires that after the effective date,
    Continue Reading FTC Bans Noncompete Provisions

    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 for entity and its beneficial owners and decision makers.  Businesses formed prior to January 1st have until the end of the year to comply, while businesses formed in 2024 have 90 days.  For more information on the CTA see CTA Background Information.
    Tip 1.
    Continue Reading CTA Compliance Update – Seven Tips