2nd Amendment Gun Trusts
Second Amendment Gun Trusts
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What Is a Gun Trust?
A gun trust is a unique type of revocable living trust that specifically allows individuals to use, acquire and transfer firearms. These trusts are customizable and typically are designed to address how an individual, single or married, will manage their firearms during their lifetime if they were to become incapable, or upon death.
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Raihle Law Office S.C. for more and let us put over 25 years of experience to work for you.
What Are the Benefits of a Gun Trust?
NFA firearms can be used and possessed by more than one person if they are registered to a gun trust. The individual, or settlor, who establishes the gun trust can add or remove co-trustees to use and possess the NFA firearms for the duration of their lifetime.
When the ownership of your NFA firearms is under a gun trust, any co-trustee can take possession of your NFA firearms to hold them on your behalf. A gun trust allows you to retain ownership of your firearms, allowing you to direct that the NFA firearms are sold with the cash returned to you, or that they continue to be held in trust so that the beneficiaries inherit them when you die.
Pursuant to the terms and conditions of the gun trust agreement, the NFA firearms that are registered to a gun trust are passed to the designated beneficiaries outside of the probate process.
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Raihle Law Office S.C.
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