4 Reasons to Consider Changing Your Business Structure
As your small business expands and evolves, it may make sense to consider changing its structure. Many small businesses start out as sole proprietorships or partnerships, with only one or two owners and no employees. Over time, as your business grows and...SLO Tribune article exploits Santa Clarita shooting to pitch gun control
Less than two hours after today’s shooting at Saugus High School in Santa Clarita, which at this hour has resulted in the deaths of two students, SLO Tribune published this article using the tragedy to pitch useleess gun control that would not have helped...6 Key Considerations for Passing Down a Family Business
You have spent years building your small business, but have you taken time to consider what will happen to it when you retire, become disabled, or pass away? Although it is often hard to fathom an event that may not occur for many years, it is important to put...High School Shooting Teams Are Getting Wildly Popular — And the NRA Is Helping
Several decades ago, an effort to add gun training to California curriculum was opposed by pediatricians here. But other states are discovering the value of this training: Then again, it might. In much of the country, the words guns and schools do tend to go...Family and the Revolution
Excerpts: Christianity elevated matrimony to a sacrament, affirming its indissolubility. When the Roman Empire collapsed the only reality which endured to form the basis of a new society was the family. The birth of the Middle Ages coincided with the...Create a Dynasty Trust before Window Slams Shut
Dynasty trusts may be a tough sell when it comes to some millenials. How long did AOC say we have, twelve years? On the other hand, clients who are sane may benefit from acting now to create a dynasty trust before the window closes in 2026 — or perhaps...Kiplinger’s State-by-State Guide to Taxes
You may find Kiplinger’s updated tax map surprising: Click on any state in the map below for a detailed summary of state taxes on income, property, and everything you buy. Check out our slideshows below, including our picks for the 10 most tax-friendly and the...FBI 2018 Crime Report: Less than 300 Rifle Murders, down by 24%
FBI’s 2018 crime report shows a big drop in violent crime, despite enemy media’s attempt to conflate homicides with the much larger problem of suicides. More analysis here: All methods of murder dropped by 7 percent in 2018, and gun murders fell by...Two Armed Citizens Detain Suspect in Stabbing of Woman at P.O. Parking Lot
The interesting thing about this case is that under federal law you cannot carry a gun in a post office parking lot, or even have it in the trunk of your car — even if you have a carry permit. An Andrews woman was stabbed Tuesday evening during a dispute...Governor Newsom Signs Anti-Gun Bills into Law
From NRA-ILA: Governor Newsom signed seven anti-gun bills into law — continuing the assault on our Second Amendment rights in the Golden State. These new laws pile onto the hundreds of existing laws and, like the others, will be equally ignored by criminals....Florida Allows Teachers to Carry
Florida now joins several other states in allowing teachers to carry. Smart teachers will step up and do so. Smart school districts will make it a job...Tarzan’s Son goes APE, and other recent Knife Attacks
Couple of local knife attacks made the news. Santa Barbara sheriff says Tarzan actor Ron Ely’s wife was killed by their son — stabbed multiple times. And just down the street from us, according to SLO sheriff, an Arroyo Grande man barricaded himself...PENA V. DEY – a warning to avoid handwritten trust amendments
Our clients are warned not to make handwritten changes to the trust instrument, and the recent case of Pena v Dey illustrates why: Summary: Where the trust expressly required that amendments be made by a signed writing, handwritten interlineations on a trust...Almost 19 Million Concealed Carry Permit Holders, Despite 16 States Not Requiring Permit
Concealed carry permit holders now number almost 19 million, nationally — over 1.4 million more permit holders than last year. Women and minorities lead the way in growth. Article...Gun Trusts are Back!
Enactment of AB 1292 has made estate planning much easier for California gun owners. Read our in-depth article here before access is restricted to members...SF Backs Down From Blacklisting NRA Contractors
FAIRFAX, Va.– The National Rifle Association of America declared victory in San Francisco today, after Mayor London Breed formally disavowed key provisions of a municipal resolution that signaled the blacklisting of contractors linked to the Second Amendment...‘Guardian’ program trains armed teachers to stop an active school shooter
“Get down on your knees!” It’s not something a teacher ordinarily would shout during a summer training program, but this is no ordinary program. Story...Funding a Buy-Sell Agreement with Life Insurance
As a partner or co-owner (private shareholder) of a business, you’ve spent years building a valuable financial interest in your company. You may have considered setting up a buy-sell agreement to ensure your surviving family a smooth sale of your business...Drive-in theater manager kills man who beat her with bat
An attempted robbery suspect was shot to death after police say he beat a movie theater manager with a bat….. The manager reportedly pulled out a gun and shot and killed the man who was beating her. Story...14-year-old girl fires gun to save sisters from intruder
A 14-year-old girl fired a 9mm pistol at someone looking to break into her home, according to the Lawrence County Constable Association and confirmed by the Lawrence County Sheriff’s Office. Story here. See our list of similar cases of kids using guns for...Return of the Gun Trust: AB 1292 Eases Estate Planning for California Gun Owners
UPDATE: See link below this article for updated analysis. *** When Governor Newsom approved AB 1292 on July 12, he made estate planning easier for California gun owners. Why would Sacramento Democrats make death easier for us? I can only speculate, but I’m guessing...Orange County Boy, 11, Strikes Burglar with Machete
Not technically a defensive gun use, but kid commando gets even more bonus points for using close contact weapon: “You hit them in the back of the head with a machete?” the 911 operator asked after Braydon told the story. “Did you see if he was bleeding at...Officer Shot, Armed Citizen Comes To Her Rescue
Trenton, MO, police officer Jasmine Diab, 24, a single mother of a five-year-old girl, was shot in the abdomen by a prisoner she was transporting. A small group of concerned citizens, one of whom was armed, was able to rescue the officer and subdue the suspect...It Pays to Be Ruthless When Killing GRATs
Using quantitative analysis, we’ll show that the grantor’s choice is almost always clear: If her two-year GRAT is funded with marketable securities and is underwater at all prior to the first annuity date, she should cut her losses and start a new GRAT. That...Succession Planning for Wineries and Vineyards
With enough lead time, it can be possible to eliminate estate tax, or at least to minimize and defer the payment of such tax. With the estate tax rate a significant 40 percent, this can make all the difference in allowing a business to remain family-owned, for...Share Your Cryptocurrency Passwords
For years, cryptocurrency owners have focused on coin security. Many of our clients protect their coins and accounts from online hackers through offline storage and complex passwords that are memorized but never written down. A recent Canadian bankruptcy filing...Nearly brain-dead woman survives after being removed from life support
UPDATE: Every few months I see a story like the one below, and I try to make the time to blog it. However a few months after posting the story below, I had a client in my office relating a very personal and emotional story at least as amazing as any other such story...Fake News study source of myth that US has most Mass Shootings
https://youtu.be/lXGgI2E5JUw Have you heard that the US is #1 in mass shootings? I...The Beneficiary Controlled Trust
Outright distributions, even if staged at various ages, signify outdated planning. The Beneficiary Controlled Trust, pioneered by my friend Steve Oshins and his father, fills the gap between outright distribution and extreme asset protection — very...Front Sight Handgun Combat Masters — List
Here is a list (current as of March 2019) of those who have passed Front Sight’s Handgun Combat Master skills test: 1. Dr. Ignatius Piazza (Glock 22)—Cert Date Unknown2. Mr. Mark Flinn (Glock 21)—21 Sept 19973. Mr. Lawrence (Lenny) Boulton (Glock 22)—21...Christchurch mosque shooting [warning: uncensored video, text]
This content is for members onlyBillionaire diamond trader, 65, dies during penis enlargement surgery
Not much time for blogging lately, but this one definitely belongs in our “Dying Embarrassed” category: A billionaire diamond trader has died after ‘suffering a heart attack’ during a penis enlargement operation in Paris. Ehud Arye...Warren’s Wealth Tax Unconstitutional
While the estate tax is a perennial boomerang, Warren’s wealth tax tomahawk chop flies in the face of the Constitution’s prohibition on unapportioned scalping: The Constitution prohibits federal direct taxes that are not apportioned by population,...How my classmate Kamala Harris rode Affirmative Action (LEOP, Willie, etc.)
Kamala Harris and I were both in the Class of 1989 at UC Hastings College of Law, but I did not know her personally — Hastings was in 1986-1989 a large law school (about 1500 students). Although I passed the bar exam the first time I sat for it and was...Google Objects to Use of Word “Family” with Kids Implicit
Apparently a LOT of folks at Google, based on the number of upvotes for the following employee complaint, feel it is inappropriate to use the word “family” in a way that assumes there are children in the family: This is a diminishing and...FBI: More People Killed with Hammers, Clubs than with Rifles of Every Kind (and Knives Kill 5 Times as Many)
This content is for members onlyInsolvent Estates of Wealthy Decedents
Insolvent estates happen and are full of minefields for all involved: Begin With a Plan When faced with such an estate, the advisor should meet with the executor and together they should set out a plan for success. The plan should include a beginning inventory...California law forces Meals on Wheels to ask elderly recipients if they’re gay or trans
Why, to qualify for fruit cup? “We just want to make sure we’re representing the people that are in our community,” he said. But Alexander told the Bee that the “stupid” questions offended her so much that she has considered withdrawing from the program,...Sixty-seven defensive gun uses by people legally carrying guns in public over the past three months
And these are just the ones picked up by media: Source: Sixty-seven defensive gun uses by people legally carrying guns in public over the past three months – Crime Prevention Research CenterCrime Prevention Research CenterHungary plans to encourage, support ‘large, stable families’
Hungary is defending its nation by defending its families: The Hungarian government wants to reverse its own demographic decline the old fashioned way: by making it easier for the nation’s own citizens to have bigger families. To this end, Prime Minister Victor...Racist Mass Public Shooting at Louisville (KY) Kroger stopped by concealed handgun permit holder
[UPDATE AND CORRECTION: The article linked below is incorrect — due to some very unclear media accounts. Apparently there was an armed white guy who failed to respond, but story here indicates it was another armed citizen, who happens to be BLACK, that actually...McDonald’s gunman killed by armed dad; dad & son injured
Good shoot: A brave dad armed with a pistol stopped what could have been a mass shooting Saturday inside an Alabama McDonald’s when he took down a masked gunman who had stormed in and opened fire. The unidentified father was leaving the establishment with...Guns and Dementia
This flawed article also makes some very good points, so i’m copying a good portion of it below. [Just note that gun ownership is NOT declining as the article states (see here, here, and here).] While discussions about guns and gun ownership are common political...12 Rules for Life
Highly recommend this book by Jordan Peterson. You have to read the book to really understand his 12 rules, listed below. While it goes off on a few philosophical tangents I’m not sure I agree with, the book is a treasure chest of ideas you might include in...Top 10 (11?) Dangers Facing Senior Citizens
Here is a great little slideshow on top estate planning priorities to avoid tragedy and missed opportunity (“Top 10 Dangers Facing Senior Citizen Clients”) which I summarize below (adding a little California-relevant detail of my own), with a link...Inside America’s Evangelical ‘purity movement’ where teen girls make pledges to their fathers to stay virgins until they get married
Sounds like a good idea, possibly for inclusion in incentive trust planning: “I want to make a promise to myself and to God that I will stay pure until I get married. “I don’t have to have sex to know that I am loved.” The Purity Movement preaches...HEET Trust Can Avoid GST Tax Heat, Teach Grandkids How to Pack Heat, and Help the NRA too!
Our Firearms Instruction and Responsible Stewardship Trust (F.I.R.S.T. Family Trust) takes many forms as it is custom like all our planning, but one variant involves a Health and Education Exclusion Trust. This type of trust allows you to give much greater...Wells Fargo Bucks Gun Control, Issues $40 Million in Credit to Ruger Firearms
While the estate planning bar is a little hot under the collar over they handle trusts, at least this is some good news: Wells Fargo bucked corporate gun control by issuing $40 million in credit to Sturm, Ruger, & Co. Bloomberg reports that the $40 million...The real reason for shooting back | VolkStudio Blog
On the importance of dialing 1911 prior to 911: In modern times, we know that people shot with handguns have an 85% chance of survival, provided they get medical treatment. The chances are far lower with shotgun or rifle, but even then modern medicine can...
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