Gun Trusts: What They Are and How They Work
Guns are a part of the legacy that many Arkansans leave behind. Unfortunately, transferring the ownership of your firearms without the help of a Gun Trust can be a difficult and complicated process at the time of your death or incapacity. In today’s world there are many ownership and gun restrictions. These laws are routinely updated at both the state and federal level.
What Does the Law Say?
There is no universally accepted law concerning gun ownership across the United States. This means that the laws and requirements concerning gun ownership can differ from state to state. For example, while it may be perfectly legal for you to own a specific type of firearm according to both federal and state laws, it may not be legal to pass that firearm down to your child if they live in a state where that specific type of gun is illegal to own.
Gun Trusts Are a Great Option.
It’s important to know that there is an answer for the gun owner: a Gun Trust. A Gun Trust is a trust agreement created to hold ownership of various firearms or other weapons. A Gun Trust can also pose a benefit if you own or plan on legally acquiring Class 3 Firearms (such as silencers, short-barrel rifles or shotguns, machine guns, etc.)
When you include a Gun Trust in your estate plan you can achieve your goals regardless of the different rules, laws, or ordinances that may govern you or your beneficiary. A Gun Trust can be vital to maintaining your family’s legacy.
At McClelland Law Firm, we believe that limiting our practice areas provides the greatest value to our clients. To us, value means providing exceptional service and efficient processes for each of our practice areas.
We are committed to compassionate representations, especially as it relates to elder law. No one should feel pressured, controlled, or “talked down” to in any meeting. Every client deserves to be heard and understood.