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Firearms and the California Uniform Directed Trust Act

by | October 20, 2024 | Asset Protection, Blog, Bloodline Protection, Creditors & Predators, Dying Embarrassed, Estate Admin, Estate Planning, Estate Tax, Family Maintenance, Family Protection, Firearm Legacy, Firearm Training, Fortune, Gift Tax, GST Tax, GunLaw.Pro, Honor, Income Tax, Life, Spendthrift Children, Tax Planning, Trust Admin | 0 Comments

At the beginning of this year, the California Uniform Directed Trust Act (CUDTA) went into effect, codified in Probate Code §§ 16600-16632. It was a long time coming, having been first proposed back in 2010 by our state bar's trust and estate section. When it went...
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Gun HEET Revisited

by | October 17, 2024 | Asset Protection, Blog, Bloodline Protection, Business Succession, Buying or Selling a Closely Held Business, Creditors & Predators, Entity Formation, Estate Planning, Estate Tax, Family Maintenance, Family Protection, Firearm Legacy, Firearm Training, Fortune, Gift Tax, GST Tax, GunLaw.Pro, Honor, Income Tax, Life, Limitation of Liability, Operation & Governance, Regulatory Compliance, Spendthrift Children, Tax Planning, Trust Admin, Venture Protection | 0 Comments

Six years ago I posted this article proposing use of an advanced planning technique known as the Health and Education Exclusion Trust (HEET) to leave a dynastic legacy of firearm training. Such a trust might be called a Gun HEET. The Fall of the Republic and...
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What You Give Up with a Local Estate Planning Attorney

by | October 10, 2024 | Asset Protection, Blended Families, Blog, Bloodline Protection, Business Succession, Buying or Selling a Closely Held Business, Career Maintenance, Career Preparation, Charity, Creditors & Predators, Entity Formation, Estate Admin, Estate Planning, Estate Tax, Family Maintenance, Family Protection, Financial Mentorship, Firearm Legacy, Firearm Training, Fortune, Gift Tax, GST Tax, GunLaw.Pro, Health Planning, Honor, Incapacity Planning, Income Tax, Life, Limitation of Liability, Operation & Governance, Pet Protection, Property Tax, Punishment, Regulatory Compliance, Religious Faith, Retirement Planning, Spendthrift Children, Tax Planning, Trust Admin, Venture Protection | 0 Comments

[Central Coast residents: You can safely ignore this article because we are here to help you with comprehensive planning.] Most of our local clients prefer to have the first meeting in person at our office in Morro Bay. After that initial meeting, many of these local...
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Boy, 12, Saves Father by Shooting to Stop Bear Attack

by | September 30, 2024 | Blog, Defensive Gun Use, Estate Planning, Family Protection, Firearm Legacy, Firearm Training, Honor, Life, News & Commentary | 0 Comments

12-year-old boy saves father in Wisconsin bear attack by shooting the bear! Story here. Owen knew he had to do something to save his father’s life. “I saw him (the bear) knock him to the ground, and I just saw the black outline and shot over the dog’s back and hit the...
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Violent Crime Soars Under Biden-Harris

by | September 30, 2024 | Blog, Family Protection, Firearm Legacy, Honor, Life, News & Commentary | 0 Comments

John Lott reports: The just-released data from the Bureau of Justice Statistics’s National Crime Victimization Survey (NCVS) shows violent crime has soared under Biden-Harris. If you look at rape, robbery, and aggravated assaults (the NCVS doesn’t measure murder),...
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IRS Allows Late Filing of QSST Election (PLR 202428003)

by | September 30, 2024 | Asset Protection, Blog, Entity Formation, Estate Admin, Estate Planning, Fortune, Income Tax, Regulatory Compliance, Tax Planning, Trust Admin, Venture Protection | 0 Comments

Under Private Letter Ruling 202428003, the IRS has allowed late filing of a Qualified Subchapter S Trust (QSST) election, to obtain relief from termination of S corporation status. The corporation represented that the termination was inadvertent and not for tax...
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Ohio Democrat Sen. Sherrod Brown Accepted Donations from Dead Woman

by | September 30, 2024 | Blog, Dying Embarrassed, Estate Planning, Family Protection, Honor, News & Commentary | 0 Comments

This would appear to be illegal: Sen. Sherrod Brown (D-OH) accepted campaign donations from a woman who died several months prior, records that the New York Post obtained revealed Friday.  Carol Ann Baker of Elmore died at the age of 77 on December 10, 2023, at a...
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California Dad Fights Off Mountain Lion That Dragged 5-Year-Old Son by the Head

by | September 29, 2024 | Blog, Family Protection, Firearm Legacy, Honor, Life, News & Commentary | 0 Comments

This is a brave dad who should be commended for quick action to save his son: The victim was treated for his injuries then released, but had to return to the hospital after experiencing complications with wounds to his eyes. His current condition is not clear, the...
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11-Year-Old Boy Confesses to Murder of Former Louisiana Mayor, Adult Daughter

by | September 29, 2024 | Blog, Dying Embarrassed, Family Protection, Firearm Legacy, Firearm Training, Honor, Life, News & Commentary, Punishment, Religious Faith | 0 Comments

This shocking story is a reminder that not all threats appear as Darth Vader: Police in Minden, Louisiana, revealed on Monday that an 11-year-old boy confessed to the murder of former Mayor Joe Cornelius Sr., age 82, and his 31-year-old daughter, Keisha Miles....
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Pet Trust can Protect Your Pets from Inflation, Haitian, Asian Threats

by | September 29, 2024 | Asset Protection, Blog, Estate Planning, Family Protection, News & Commentary, Pet Protection | 0 Comments

To you, your pet may be "Fluffy". To someone else, your pet may be dinner. How big is the threat posed by Asian or Haitian cuisine? Probably not huge, depending where you live. But inflation is a huge threat, affecting everyone to some degree, including pets. When...
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