Practical Advice: Don’t Let Your Client Pay You in Guns

Dave Hoffman

Dave Hoffman is the Murray Shusterman Professor of Transactional and Business Law at Temple Law School. He specializes in law and psychology, contracts, and quantitative analysis of civil procedure. He currently teaches contracts, civil procedure, corporations, and law and economics.

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5 Responses

  1. Wait a minute – “take the instruments of the crime”? Wouldn’t that particular gun have been in police custody already, as evidence? I don’t think the alleged murder weapon would have been included in the transaction.

  2. Dave Hoffman says:

    Seth,
    That’s true!

    Doubly good reason not to accept it as payment.

  3. Bridget Crawford says:

    Seems to me there’s a great tax issue here, too. Did the attorney who received the guns as compensation report their value as income? If not, hello IRS and hello state ethics board!

  4. countertop says:

    Of course, who is to judge the value of the guns (and in fact, did he actually PAY his lawyer with his gun collection or simply give it to him for safe keeping??).

    Frankly, I’d love for a client to pay me in firearms. These days, their value – provided they are in decent shape – is probably more secure than even cold hard cash. Plus, they are as easy to move and convert to cash as any other commodity (much easier than land, or art).

    And, a halfway decent gun collection put together over the course of a lifetime of gun show shopping can easily top 100 – 200k in value if not more.