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A Properly Built Gun Trust can help to avoid accidental felonies by:
- Holding LEGAL TITLE to regulated and non-regulated firearms
- Providing LEGAL BENEFITS for those you select, and
- Allowing only LEGAL TRANSFERS of firearms by gift, sale, and “sharing”
You retain control and protect loved ones by:
- Serving as Trustee and Beneficiary
- Appointing successor Trustees
- Adding/Removing Lifetime and Remainder beneficiaries
- Retaining the power to change the trust *consistent with applicable Maryland and Federal gun laws*
- Retaining the power to veto benefits
- Providing gun-specific guidance to help successor Trustees and Beneficiaries
General issues that are addressed, related to firearms:
- Intent of the Grantor
- Liquidity issues
- Trustee liability
- Beneficiary conflicts
- “Sharing” firearms with others, now or later
Enhance estate planning to cover both “Conventional” and NFA firearms:
- Incapacity administration
- Specific Gifts
- Disposition of Property
- Beneficiaries and Contingent Beneficiaries
- Powers of the Personal Representative or Trustee
- Qualification as a PR or Trustee
- Guardianship provisions… as to both Guardian AND Ward
- Balances the protection of trust property with other financial obligations of grantors/beneficiaries
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Today!