Gun and Weapons Trusts
Gun trusts are a specific type of trust and are used to hold weapons regulated by two federal laws: the National Firearms Act of 1934 and a revision of that law, Title II of the Gun Control Act of 1968. These trusts avoid certain federal transfer requirements and accomplish other estate planning and firearm usage goals.
Benefits of a Gun Trust
- Allowing more than one person to possess and use the firearm held in trust;
- Avoiding the transfer tax for changes in persons using or possessing firearm;
- Keeping the gun in the trust even after the current owner’s death to avoid usual transfer requirements;
- Assisting the executor of your estate in not violating Federal or other criminal laws;
- Avoiding probate;
- Avoiding possible future restrictions on gun transfers;
- Eliminating the need for signature of your Chief Law Enforcement Officer (the “CLEO”);
- Eliminating the requirement for fingerprints or photographs;
- Allowing for quicker processing of firearm applications;
- Maintaining the privacy of ownership of firearms; and,
- Reducing costs related with other firearm ownership vehicles.
Don’t rely on the promises of politicians, pundits or other people. Secure your Second Amendment Rights by securing your weapons, for your family, for your safety, for your future. Contact us and we can help you set up what you need.