ESTATE PLANNING COUNCIL OF ST. LOUIS

Date: Monday, May 13, 2024

Time: 12:00pm – 1:15pm

Location: MAC 405 Washinton Avenue, St. Louis, MO 63102 (In person and ZOOM)

Speaker: Paul R. Bastean

Navigating Firearms Estates: Legal Considerations and Best Practices

This presentation covers essential legal aspects and best practices for navigating firearms estates, including assessing firearm types, addressing registration and transference issues for inherited, gifted and the sale of firearms, handling National Firearms Act items, managing non-firearm inventory, and providing guidance for clients with Federal Firearms Licenses (FFL).

To register for this session, go to www.epcstlouis.org and click the link for the session.

CPA's - CPE Credit Note: In order to be awarded the full credits, you must be responding to three out of the four polling questions asked during the program on ZOOM.

Continuing Education

EPCSTL has requested approval for continuing education in the following areas: CTFA, CLE, CPE, CFP, L&H Insurance   

CPE Information for CPAs

The sponsor assures that the program content and program level is appropriate for the intended participants.

Participants will: 

• Understand the need to accurately evaluate and classify different types of firearms within estates.
• Comprehend the legal frameworks for the registration and transference of firearms.
• Identify legal restrictions on firearm recipients, including prohibitions related to prohibited persons, minors, and in-state versus out-of-state transfers.
• Equip learners to handle special categories of firearms and items, such as NFA items
• Recognize prohibited firearms and items and learn legal disposal or management methods within an estate context.
• Understand procedures for the safe disposal of gunpowder, reloaded and factory ammunition, and the transfer or sale of firearms-related equipment.
• Acquire knowledge to guide clients holding Type 1, Type 3, or Type 7 Federal Firearms Licenses (FFLs) in navigating firearms estate management.
• Know how to access and utilize expert assistance for managing complex situations or questions in firearms estates.

The sponsor assures that the program content and program level is appropriate for the intended participants.

Participants will earn 1 CPE credit. 

Field of Study: Specialized Knowledge 

Additional Information:

Delivery Method: Group Live/Group Internet Based

Program Level: Basic

Pre-requisite: NONE 

Who should attend: This presentation is aimed at lawyers, accountants, trust officers and other estate planning professionals with a background in estate planning topics?

Refunds and Cancellations: All attendees are required to register in advance.  If you reserve and are unable to attend, please cancel your reservation at least three working days in advance of the meeting to receive a refund or a credit for a future meeting. For more information regarding refund, complaint, and/or program cancellation policies please contact our offices at 314-520-3564.

Estate Planning Council of St. Louis is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

National Registry of CPE Sponsors Number 109467

​CTFA

CTFA 1.25 CE credit 

CFP

About the Speaker:

Paul R. Bastean is a highly motivated and successful entrepreneur, known for founding and leading multiple successful ventures. His current focus is on Ultimate Defense Firing Range & Training Center, which boasts an 18-lane indoor shooting range, a retail store, and a comprehensive training center, complete with a shoot-house. This establishment has become a blueprint for success among aspiring entrepreneurs looking to launch their own training centers, firing ranges, and retail outlets. Paul's commitment to evolving his offerings to meet the demands of his customers has garnered him a nationwide following of business owners who seek his advice on delivering top-tier customer experiences.

Following the triumph of Ultimate Defense, Paul identified another niche market in assisting law firms, auction houses, and private individuals who come into control of large collections of firearms but lack the expertise to legally manage or create dispositions of them. To address this need, he founded Heritage Estate Services and Firearms Appraisals. This venture quickly rose to prominence and has established itself as a reputable source for consulting, appraising, and purchasing estate firearms.

Following the achievements of both Ultimate Defense Firing Range & Training Center and Heritage Estate Services and Firearms Appraisals, the leadership of the National Shooting Sports Foundation took note of Paul's exceptional talent for revitalizing existing enterprises and broadening their market reach. In April 2018, Paul was offered and accepted a seat on the National Shooting Sports Foun dations Range Advisory Board. Since that time, Paul has taken the stage as a distinguished speaker at several NSSF Retail / Range Ex pos, presented at the NRA Annual Meeting, and has also been highlighted as a featured speaker at the NSSF Leadership Conference.

Presently, Paul is actively engaged in spearheading a project known as The National Firearms Council. This initiative aims to establish a standardized nationwide framework for firearm appraisals, certify professionals in the field, and develop a comprehensive resource for the handling and disposition of firearms at a national level.