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Monday, 15 October 2012 20:00

Could I use a pre-existing trust as my gun trust?

Prospective clients often ask if an existing trust could also serve as their gun trust. Typically this is a very short discussion once we explain trust documents must be attached to any BATFE Form 1 of Form 4 submitted in the name of a trust. An existing trust often contains personal information unrelated to BATFE-regulated firearms.

Would you want such personal information, unrelated to your gun collection, disclosed to the Federal Bureau of Alcohol, Tobacco, Firearms and Explosives?

For those preferring privacy, a separate gun trust will avoid such unnecessary disclosures to the federal government.

Additionally, those involved with an existing trust might not be the same people you want involved with your firearms. A separate gun trust ensures those you hand pick to inherit and/or handle your firearms are well-suited.

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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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