California Gun & Trust Lawyer

Patient dies in hospital after 'do not resuscitate' form is mistakenly put in his files | Mail Online

Patient dies in hospital after 'do not resuscitate' form is mistakenly put in his files | Mail Online.

A patient who suffered a heart attack on a hospital ward died because clerical staff had mistakenly inserted a ‘Do Not Attempt Resuscitation’ form into his medical notes.

FLP Meets Tax Court Approval

in tax it's often better to take the road well-trodden...such roads are getting scarce these days

GiftLaw Government Documents(BSA).

In Estate of Charlene B. Shurtz et al. v. Commissioner; T.C. Memo. 2010-21: No. 6076-07 (3 Feb 2010), the Tax Court determined that a family limited partnership was properly created and operated. It rejected the IRS claim that family control over the FLP assets was sufficient to cause the assets rather than the discounted FLP units to be includable in the estate of Mrs. Shurtz.

H.R.4154: Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 - U.S. Congress - OpenCongress

H.R.4154: Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 - U.S. Congress - OpenCongress.

H.R.4154 - Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 To amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, to retain the estate tax with a $3,500,000 exemption, to reinstitute and update the Pay-As-You-Go requirement of budget neutrality on new tax and mandatory spending legislation, enforced by the threat of annual, automatic sequestration, and for other purposes.

H.R.17: Citizens' Self-Defense Act of 2009 - U.S. Congress - OpenCongress

H.R.17: Citizens' Self-Defense Act of 2009 - U.S. Congress - OpenCongress.

H.R.17 - Citizens' Self-Defense Act of 2009 To protect the right to obtain firearms for security, and to use firearms in defense of self, family, or home, and to provide for the enforcement of such right.

H.R.197: National Right-to-Carry Reciprocity Act of 2009 - U.S. Congress - OpenCongress

H.R.197: National Right-to-Carry Reciprocity Act of 2009 - U.S. Congress - OpenCongress.

H.R.197 - National Right-to-Carry Reciprocity Act of 2009 To amend title 18, United States Code, to provide a national standard in accordance with which nonresidents of a State may carry concealed firearms in the State.

NFA Weapons Require NFA Gun Trust: Careful with those Blanket ("Magic Wand") Assignments

UPDATE: As I learn more about these, it appears they may have broader application for California clients than I thought initially - expect a blog post on this subject soon.

Though California clients typically do not own Title II NFA weapons, some wealthier clients may possess these weapons on land in other States.  In these cases, I will associate a specialist in NFA Gun Trusts.  As Mr. Goldman writes below, keep the NFA weapons out of the trust unless it is drafted as a NFA Gun Trust.

NFA Gun Trust Lawyer Blog :: Published by Florida Gun Trust Lawyer David Goldman.

someone who was forming a trust to transfer assets from their father's estate. There were NFA items in the father's estate. The person's estate planning lawyer had advised them that it was OK to transfer NFA firearms to a trust using a general assignment of personal property. A general assignment of personal property is a standard form that transfers all personal property not requiring a deed or special documentation to a trust and is commonly used with a standard revocable living trust. Unfortunately his lawyer must not have been familiar with the NFA because no one should ever do such a thing. This would be a violation of the National Firearms Act, and subject the individual to confiscation of all firearms, 10 years in jail for each violation, and up to a $250,000 penalty for each violation.

IRS Taking Voluntary Compliance Seriously

Acquiring Shotguns - Federal Business Opportunities: Opportunities.

(photo by http://olegvolk.net)

The Internal Revenue Service (IRS) intends to purchase sixty Remington Model 870 Police RAMAC #24587 12 gauge pump-action shotguns for the Criminal Investigation Division. The Remington parkerized shotguns, with fourteen inch barrel, modified choke, Wilson Combat Ghost Ring rear sight and XS4 Contour Bead front sight, Knoxx Reduced Recoil Adjustable Stock, and Speedfeed ribbed black forend, are designated as the only shotguns authorized for IRS duty based on compatibility with IRS existing shotgun inventory, certified armorer and combat training and protocol, maintenance, and parts.

Do We Still Have What it Takes?

Welcome to Revere Copper Products, Inc.- Copper Bar, Coil, Plate, Sheet.

Revere Copper Products, Inc is one of the oldest, if not the oldest, manufacturing company in the United States. Founded in 1801 by Paul Revere, a prominent silversmith and maker of cast bronze bells and marine hardware, the new company met the young nation's need to establish a strong manufacturing base to preserve and protect its independence. Revere built the first copper rolling mill in the United States in Canton Massachusetts and our first products sheathed our ocean going Naval fleet (Old Ironsides), and covered the roofs of government buildings including the Massachusetts Statehouse. Today Revere Copper Products, Inc. is a privately owned corporation whose only shareholders are its employees. Its business operates in a collegial, team-based structure with a manufacturing center in Rome New York.

Offshore Asset Protection is Interesting Again

Great article--read the whole thing:

United States, Offshore, Offshore Asset Protection For United States Clients - Giordani, Swanger, Ripp & Phillips, LLP - 28/01/2010 00:35:29, Trusts.

The explosive litigation industry in the United States, capricious legislative bodies, and the volatility of financial markets and economies have evoked a powerful response. The buzz word among lawyers representing clients at risk is "asset protection." More than at any time in our legal history, attorneys are scrambling to find ways to protect and preserve the wealth of their clients. High net worth individuals perceive new and potentially devastating threats to their wealth, and creative lawyers must conceive and render more protective solutions.

Estate Tax Legislation on Calendar - Senate May Bypass Senate Finance Committee!

The following is what now appears on the January 26, 2010 Calendar of Business for the U.S. Senate, in addition to other pieces of legislation, found at www.senate.gov:
 

253 H.R. 4154 An act to amend the Internal
Revenue Code of 1986 to repeal
the new carryover basis rules
in order to prevent tax increases
and the imposition of
compliance burdens on many
more estates than would benefit
from repeal, to retain the
estate tax with a $3,500,000 exemption,
to reinstitute and update
the Pay-As-You-Go requirement
of budget neutrality
on new tax and mandatory
spending legislation, enforced
by the threat of annual, automatic
sequestration, and for
other purposes.