Your loved one has died, and you discover that you are the personal representative or executor of his or her will. What do you do now? Well, possibly the first thing you should do is order the death certificates; you’re going to need them–in spades: To file an estate tax return–if necessary. To prove to […]
So you have a will and maybe a revocable trust, documents you’ve paid your attorney good money for. And in your will–and probably in your trust as well–you’ve said you want this item of personal property to go to him and that item to go to her and some other item to go to someone […]
Below is a slightly revised version of an e-mail I just sent my gun trust clients: We finally know the effective date of the ATF’s new rules regarding gun trusts, responsible persons, and other related matters. That date is Wednesday, July 13, 2016. Once the new rules become effective, gun trust grantor/trustees will be a […]
I have an 87 year old client who was born, raised, and has lived in Wyoming her entire life–that is, except for the five or six winter months she has spent in southern Utah each of the last few years. She’s at that age when her health and her health care are becoming an ever more […]
After stewing over ATF 41F for a few days, the rule is finally starting to make sense to me, at least the definition of the so-called “responsible person” in a gun trust. Of course, it has always been obvious that a Grantor/Trustee of a gun trust is a “responsible person” or RP. However, it seems […]
Having read the relevant parts of the 41F document released Monday, December 4th, here are some of my thoughts. First, the actual rule: 479.11 Meaning of terms. * * * Person. A partnership, company, association, trust, corporation, including each responsible person associated with such an entity; an estate; or an individual. * * * Responsible […]
So Attorney General Loretta Lynch put her pen to paper yesterday, and the ATF’s proposed rule 41P became its final rule 41F–with modifications. Here’s my first take: There’s best news, good news, and bad news. The best news is two-fold: 1. the final rule does not become effective until 180 days after its publication in the Federal […]