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Revocable vs Irrevocable Trusts
When it comes to understanding trusts, clearly knowing the differences between the different types is crucial. The most common question I receive is whether a revocable or irrevocable trust will offer the type of security, privacy, and sound estate planning sought. Well, the main difference is simply that revocable trust can be changed at anytime…
Read MoreWhat to do When Buying a Restaurant
When thinking about or researching to buy a restaurant, it is often thought of as a less risky option than starting your own restaurant business from the ground up. However, without proper financial research, due diligence, and consideration for the essential legal steps and potential liabilities involved, it can be even more risky than starting…
Read MoreThe 4 Most Important Estate Planning Documents
Proper Estate Planning is Simple Anyone who knows me knows that I like to keep it simple. What is more is that you don’t need complex documents to protect your estate and your loved ones. It really is quite simple and I am going to tell you what four documents are the most important to…
Read MoreThe ATF Has Revised the Form 1 and Form 5
The ATF revised the Form 1 (Application to Make and Register a Firearm) and Form 5 (Application for Tax Exempt Transfer and Registration of Firearm). The newest option to the Form 1 is that you may now pay for the $200 tax stamp with your credit or debit card. Check or money order will be…
Read MoreAnother Form 1 SBR Approved by the ATF and Current Wait Times
This week, another satisfied client who has asked his name to remain anonymous emailed me a photo of his tax stamp. As it stands now, wait times are approximately 11 months if your forms are submitted via paper method and approximately 6 months if your forms are E-Filed. I am a big fan of the…
Read MoreThe Proposed Change to the ATF’s Handling of Trusts and Corporations
In case you might not have heard, the ATF proposed to change their rules in how they handle Title II (Class 3) firearms such as short-barreled rifles, automatic weapons, suppressors, etc. You can check out the ATF’s proposalhere. In a nutshell, if you want to purchase a NFA item, you would need to submit photographs,…
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