Gun Trusts and Firearms Planning
Gun trusts allow a gun owner to protect loved ones by keeping weapons in your home. This will comply with the federal law of passing guns from one generation to the next. With Murray & Ziel's gun trust and firearms planning, you can register your weapons and grant legal permission for your family members to use the weapon.
This gun trust and firearm planning is intended only for firearm possession. Though it is similar to estate planning, this trust allows you to pass possession, use, and transfer of certain weapons. Weapon transfers are highly regulated and this trust enables your beneficiary to receive the gun when intended. Here are a few things to be aware of:
- Trustee must be 18 years of age or older.
- Grantor may list as many beneficiaries as desired.
- There is no age requirement for the beneficiary.
- Trustee can be designated to possess the weapon should the grantor die before the beneficiary is of age.
- Most trusts can be changed by the grantor during his or her lifetime.
- Can be drawn up as part of an estate plan, or by itself.
- NFA weapons from a Class 3 dealer may not be purchased by anyone under the age of 21.