The Wall Street Journal today quoted Arsenal Attorneys' Managing Attorney Matthew Bergstrom in an article on gun trusts by reporter Anna Prior of the WSJ's Wealth Adviser section. The story, "Planners Use Gun Trusts to Smooth Firearms Transfers," discussed the concerns of gun owners and the need for wealth managers and attorneys to help clients create an estate plan addressing the safety, privacy, and laws concerning transfer of gun collections.
The article quoted several wealth advisers and financial planners who increasingly serve clients with gun collections: "Brian Kuhn, a Fulton, Md.-based certified financial planner with Planning Solutions Group, which manages about $500 million, says he didn’t always ask his clients if they had guns until recently. He added that topic to his routine list of estate-planning questions after a recent conversation with an estate-planning attorney, who explained the issues. Now, 'as I come across people who own guns, I’m making sure they talk to an attorney that specializes in gun trusts,' he says."
Arsenal Attorneys' Matthew Bergstrom was quoted as such an attorney who serves gun owners across America: "Think about the trust as a means to keep the client safe and legal, and to provide all of the guidance to their beneficiaries so they stay safe and legal." Further, Bergstrom explained how a trust avoid the need for a a public probate court proceeding, which clients prefer for their gun collections becuase they "don't want the possibility of a public record showing who inherits their firearms."
The full article can be found in the Wall Street Journal online edition here.
