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


• Share this with business owners you know

Resources:

Schedule Your FREE Consultation

https://andersonadvisors.com/strategy-session/?utm_source=guns-and-estate-planning-what-every-family-needs-to-know&utm_medium=podcast

Tax and Asset Protection Events

https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=guns-and-estate-planning-what-every-family-needs-to-know&utm_medium=podcast 

Anderson Advisors

https://andersonadvisors.com/

Toby Mathis YouTube

https://www.youtube.com/@TobyMathis

Toby Mathis TikTok

https://www.tiktok.com/@tobymathisesq

Clint Coons YouTube

https://www.youtube.com/@ClintCoons