(480) 525-6244
·
info@BizEstateLaw.com
Mon-Thurs 9am-5pm Friday by appointment only
·
5 Star Rating
Law Firm in AZ
30 Years
Experience
Free Consultation

Summer 2024 Newsletter

Summer 2024 Newsletter

Margaret’s Notes

by: C. Margaret Tritch

Hopefully, summer has arrived for you, as it has for us. I am not talking about the Arizona heat, because of course that is here, in full force! My family has had the joyful, but busy graduation season with my eldest daughter, Elena, graduating from university and our youngest daughter, Elizabeth finishing middle school and excitedly getting ready for High School. Our office family also had Julio Romero graduating from Arizona State University. Personally, I am looking forward to the less hectic schedules of summer with no school and focusing on work, our clients, relaxed time with family, and projects around my house.

When summer comes and the pace of life slows, it can be a suitable time to tackle some of those projects that the busier times in life just do not allow. Reviewing your estate plan if it has been more than three years, setting up your business or updating your Operating Agreement or By-Laws, thinking about your company’s succession plan and reviewing all your financial assets ensuring that they are titled properly or have the correct beneficiary designations in place, are all good projects that you may have been putting off. If you need our help, please feel free to reach out. Plus, when these types of projects are completed, there is a sense of relief and accomplishment. Personally, I have been cleaning out our garage, which is no small feat after 20 years in the same home, but I have a sense of satisfaction when I look around it.     Perhaps, you also have a bloated garage, or a few of those closets that seem to grow on their own. For many people that includes more personal and serious items like jewelry or guns. Have you been wondering how to handle things like firearms in your estate plan or enable more than just yourself to use them legally? In response to some clients asking us for information related to gun trusts, our team member, Saroth Norn started researching the ATF’s resources and wrote the two enclosed articles that can help you understand the basic elements of a gun trust. If a gun trust is something you are interested in discussing with us, please call our office.     We have settled nicely into our new office in McCormick Ranch area of Scottsdale, and we feel right at home. If you have not had a chance to stop in and say hello, please do. Wishing you a beautiful and relaxing Summer!

Why Do People Create Gun Trusts and What are They?

by: Saroth Norn

Gun Trusts are created for estate planning purposes to enable firearms (whether restricted or not) to be passed on outside of probate and to enable restricted firearms to be used by more than one person, legally. Essentially, a Gun Trust is a revocable living trust created to hold legal title to firearms.

by: Saroth Norn

On January 4, 2016, the U.S. Attorney General signed ATF Final Rule 41F, Machineguns, Destructive Devices and Certain Other Firearms; Background Checks for Responsible Persons of a Trust or Legal Entity with Respect to Making or Transferring a Firearm (“Rule 41F”), amending the regulations regarding the making or transferring of a firearm under the National Firearms Act (“NFA”).

Related Posts

Meet Margaret Tritch Buonocore

Margaret Tritch Buonocore began her legal career in Los Angeles as a litigator. She then moved to London where, after completing her LLM, she worked in international business and finance for almost a decade structuring corporate finance transactions, equity offerings, debt, and derivative instruments focusing on contract and securities law issues. Learn More…

    Contact Us

    Contact Us

      Get a Complimentary 30 Minute Meet and Greet Session by Calling Us or Filling Out the Form.