Monday, 28 December 2015 00:00

Who Should Control Your Gun Trust?

We believe you should control your gun collection.

We believe you should control your gun trust.

To this day, we're not aware of any solution other than the Arsenal Gun Trust that protects your control.

This state of affairs is proof that gun trusts all too often resemble general purpose estate planning trusts, which are ill-suited to protect gun owners.  Typical trusts usually have the limited objective of inheritance.  Such trusts usually involve parents passing assets upon death to their children.  Until that distribution of property occurs, the trust property might also help provide support to the parents until their death, particularly if they are incapacitated.  

Gun trusts are different.  One of the primary benefits of a gun trust is enabling other people to have lawful possession of the NFA firearms registered to the trust during the life of the person who created the trust.  Thus, the person creating and managing the trust might wish to involve their friends and relatives who are involved with their firearms-related activities, such as hunting.  These are not necessarily the same people who will inherit the trust property.  The cookie-cutter, general purpose trusts simply call these people co- or joint-trustees, and in so doing they give these other people equal power to the original trustee.  Why should you give your hunting buddy equal power over a gun collection you hope your kids will inherit in the future?  You shouldn't, and that's one of the many reasons why we made the Arsenal Gun Trust different. We make sure our client does not lose control of their trust when they simply want to make sure their hunting buddy doesn't commit a felony by borrowing his suppressor.

This issue of control is just one of many ways that makes the Arsenal Gun Trust different.  Contact us to create your Arsenal Gun Trust today. 

Read 2317 times Last modified on Wednesday, 07 February 2018 21:22
Arsenal Attorneys

Arsenal Attorneys is a nationwide law practice with offices in Fairfax, Virginia near Washington, DC and in Rocklin, California near Sacramento. We serve large and small clients, often remotely. Depending on the client's location, our services include estate planning, civil litigation, criminal defense, business law, landlord-tenant disputes, real estate, and firearms regulations. Our team of attorneys is licensed to serve clients in over 30 states. Contact us today to discuss your goals.

 

 

 

 

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