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...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...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...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...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...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...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...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,...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 CenterRacist 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!
[UPDATE 30 September 2024 — The Fall of the Republic and likelihood of reduced exclusions from death tax are leading to renewed interest in this technique. While there remains little guidance, if used conservatively it should work for extremely large...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...The Anti-Post-Mortem Suffrage Trust
Dead people voting is nothing new, but the phenomenon seems to be increasing. This is a problem if you are a conservative family sort, because dead people tend to vote Democrat. Our Anti-Post-Mortem Suffrage (Anti-PMS) Trust, a type of incentive trust, may be the...BART Rider Brandishes Chainsaws On Train
Someone pulls out and activates a chainsaw on BART while verbalizing a threat of massacre, and you respond by posting a video on Twitter? and BART finds out about it because of your hashtag #BART, apparently because no one else called 911 either? #SMH! “I...Should An Aging Parent Transfer the House to Her Kids?
This Virginia attorney writes a very good article summarizing some of the problems of transferring real estate to a child as an alternative to actual estate planning. Capital gains tax due to loss of basis step-up, medicaid lookback (California’s medi-cal...Ash scattering at Disneyland’s Haunted Mansion a regular spectre
There are lots of ways to die embarrassed. Bad estate planning is one example; see the category above for others. Nothing can top being trampled for eternity while listening to bad puns! Seriously, have you given thought to the ultimate disposition of your remains? Do...FBI report left out HALF of 2014-17 cases where armed citizen stopped active shooter
HALF!? This is far too great an omission to be accidental. This false report has been used to minimize the importance of carry (including at an “active shooter” class i took, given by an anti-CCW former cop). The utility of concealed carry is much higher...Notes from Handgun Combat Master Prep
Here are a few notes from my first experience with Handgun Combat Master Prep (HCMP) in a 9/26-27 private training at Front Sight, having recently qualified to take it. (They require that you first take Advanced Tactical Handgun (ATH), and to take ATH you must...California’s new Uniform Trust Decanting Act brings Opportunity, Risk
California recently (9/14/18) joined a few other states that have enacted the Uniform Trust Decanting Act. A lot of states have decanting statutes, several dozen in fact, but they vary greatly and this uniform act is more restrictive than those in some of the more...Chicago rag: “One brave rescue of a Cicero cop doesn’t justify concealed guns”
Amazing. After decades of advocating gun control “if it saves one life” while ignoring millions of defensive gun uses, the leftist media actually inks a headline braying that one cop — saved by an armed citizen who joined the fray —...Virgin Brett Executes Hail Mary, Crushing Feminazi Snakes
https://youtu.be/wHfoUWg3zw0 You can tell Brett Kavanaugh’s “virgin defense” is effective — just look how it’s belittled by all the media right now, on the eve of the Senate Judiciary Committee showdown planned for tomorrow. The fact is,...Can Courts Bless a Trustee’s Decision?
I hope the spread of this doctrine is halted in the US (it’s already popular offshore). The privacy and testamentary control of trusts is a vital bulwark of family power and therefore freedom. Giving courts power to “bless” is a camel’s...Financial Planning in the Age of Dementia
This article is a good overview, written by a financial advisor. However, note that powers of attorney only deal with non-trust assets and are frequently rejected by institutions so be sure that your trust is funded and adequately plans for incapacity as well...California Gun Trust? Buyer Beware!
[UPDATE: For the last three years (since August 2016) I have not generally recommended the lifetime funding of gun trusts in California. Passage of AB 1292 in July 2019 has significantly enabled and clarified use of gun trusts — however, there are limits under the new...Video: Front Sight Mid-Year 2018 Construction Progress Update
Get virtually unlimited free training at the world’s largest shooting school (often called the “Disneyland for gun owners”) simply by attending our free estate planning seminars. Here is mid-2018 status of construction (now fifty...Two Robbers Attack Woman as She Gets Home, Armed Husband Emerges and Shoots One in Head
Hopefully there was some justification for shooting in the head (other than “I didn’t train enough”): Investigators said it all started when the man’s wife pulled into their driveway Tuesday night. Then the two armed suspects jumped out and tried to...Couple of .45 Gurus Explain Virtue of 9mm
They bring up some very good points in favor of 9mm, but with our CA roster I was limited to .45 if I wanted a quality all-steel Wilson Combat CQB Compact. Suppressor bans are not the only form of gun control causing injury over time. (Have to say, though, that...Sackler Family Behind Oxycontin Faces Lawsuits Over Opioid Abuse
In at least one sense business succession planning is like planning for guns: you need to make sure beneficiaries are responsible enough to handle the asset. Plus a little asset protection might be a good idea. Putting aside the ultimate outcome of the...Judge Kethledge Lives the Second Amendment
Here’s MY pick (though i like Barrett, too; Hardiman is also great on Second Amendment but i’m concerned about some of his rulings restricting Fourth Amendment and allowing claims for “gender stereotyping discrimination”): In his personal life,...Implantable defibrillators may cause dilemmas for older patients
Have you addressed this issue in your Advanced Health Care Directive? Implantable cardioverter defibrillators (ICDs) differ from pacemakers, which control abnormal heart rhythms. Pacemakers prompt the heart to beat at a normal rate through electrical pulses, whereas...
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