Gun Trust: Who Needs One?
More is being said about the need for a Gun Trust these days.
That raises a question: Who needs one and who doesn’t?
A little background may help. In addition to any state-required permits, federal law requires a special federal permit for a few types of weapons and accessories. Those are:
- Full automatic firearms (multiple shots from a single trigger pull)
- Sawed off shotguns and rifles with a barrel shorter than 18″
- Suppressors/Silencers for rifles or handguns
- Explosives such a dynamite, grenades, etc.
For people who own these types of firearms or accessories, a Gun Trust is important.
For the rest of us, a garden-variety Living Trust or Family Trust is more than adequate. Especially if that garden-variety trust reminds the successor trustee about the state rules that apply to the distribution of weapons to the rightful heirs.
Author: Barry Peters. For additional easy-to-understand information on Wills, Trusts, and Probate, call attorney Barry Peters’ offices at (208) 939-2600 for your expedited appointment for a FREE OFFICE CONSULTATION or visit his Q & A pages at BarryPeters-Law.com/answers-to-questions. As always, your total satisfaction is guaranteed by Barry Peters, Attorney at Law, where all clients receive individual attention to the details of their unique circumstances.