Transfer Your Weapons Responsibly
There are approximately 80 million gun owners in America with nearly half of all U.S. households owning at least one firearm. With over 20,000 gun related laws in the United States today, owning and eventually passing on a firearm as a legacy must be done with careful planning and consideration. Most federal and state gun laws carry stiff penalties on the improper possession or transfer of a firearm. If not done properly, the seemingly innocent transfer of a firearm to an heir could result in a fine up to $250,000 and up to 10 years in prison. Having a gun trust in place sets forth the rules for owning and transferring firearms that will ensure you or your loved ones don’t end up inadvertently committing a felony and paying a catastrophic price!
The potential benefits provided by a gun trust include probate avoidance, simplification in the acquisition of regulated firearms, avoidance of annual state registration fees, and guidance to help avoid accidental felonies when others use or are instructed to transfer a firearm as a sale, gift, or bequest. A gun trust ensures the responsible transfer of weapons (even Class I weapons such as handguns, rifles and shotguns) at your death or if you become incapacitated. Also a gun trust gives you priceless privacy.
Contact us to find out more about the benefits of having a gun trust.
For additional information, please watch our three-part series on gun trusts below: