Real Estate Investors, Stock Traders, and Business Owners
guide to preserve their wealth, protect their assets, and prosper in the
future. Anderson Business Advisors' Attorneys and Professional Advisors
share tax reduction strategies and asset protection techniques to protect
and build your wealth.
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Real Estate Investors, Stock Traders, and Business Owners
guide to preserve their wealth, protect their assets, and prosper in the
future. Anderson Business Advisors' Attorneys and Professional Advisors
share tax reduction strategies and asset protection techniques to protect
and build your wealth.
Guns and Estate Planning What Every Family Needs to Know
Anderson Business Advisors Podcast
31 minutes
3 weeks ago
Guns and Estate Planning What Every Family Needs to Know
In this episode, tax attorney Toby Mathis, Esq., welcomes Tom Chittum, former ATF Deputy Director and firearms law expert, to discuss the critical intersection of firearms ownership and estate planning. They explore what families need to know when inheriting firearms, from identifying contraband weapons to navigating complex federal regulations. Tom explains the biggest mistakes executors make, including informal transfers and failing to determine whether firearms, such as machine guns, are properly registered under the National Firearms Act of 1934. The conversation covers the distinction between regular firearms and NFA weapons (machine guns, silencers, short-barreled shotguns), the severe criminal penalties for unlawful possession, and the importance of working with federal firearms licensees for transfers. Tom provides practical guidance on securing firearms, maintaining proper inventories, using gun trusts to simplify inheritance, and understanding both actual and constructive possession. With insights from decades of ATF experience, Tom offers actionable steps gun owners can take today to protect their families from legal headaches and ensure valuable firearms or family heirlooms don't become government-destroyed contraband due to simple mistakes.
Highlights/Topics:
0:00 Why Listen to Tom Chittum
2:58 Biggest Mistakes with Firearm Inheritance
6:20 History of Federal Gun Laws
8:36 Legal Possession and Registration Requirements
11:30 Prohibited Persons and Transfer Restrictions
12:59 How to Transfer Firearms to Heirs
15:30 NFA Firearms and Special Requirements
18:35 Gun Trusts and Estate Planning
22:29 Executor Rights and Possession
24:31 Securing Firearms in Estates
25:51 Handling Contraband Firearms
28:50 Weekend Action Steps for Gun Owners
31:00 Outro
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Clint Coons YouTube
https://www.youtube.com/@ClintCoons
Anderson Business Advisors Podcast
Real Estate Investors, Stock Traders, and Business Owners
guide to preserve their wealth, protect their assets, and prosper in the
future. Anderson Business Advisors' Attorneys and Professional Advisors
share tax reduction strategies and asset protection techniques to protect
and build your wealth.