Gun Trust Can Be Helpful in Transferring Firearms to Loved Ones

by
posted on March 16, 2019
citizen-with-gun-in-hand.jpg

Adding a gun to your family trust may be one way to protect your estate and help your loved ones avoid legal issues involving heavily regulated firearms.

A gun trust—which can be set up to change or be irrevocable—is created to take title to firearms and transfer ownership of those firearms—particularly heavily regulated ones or those within large collections—to a family member or heir.

The person receiving the firearm must still pass a background check and identification process before taking possession of that firearm.

Gun trusts can be useful in transferring ownership of a National Firearms Act Title II classified firearm. This type of firearm “can only be used by the person to whom it is registered and no one else. Violation of this law is a felony. Simply letting a friend or family member fire a few rounds…at the local range or at the deer lease is a felony!”

However, a gun trust can be created to enable different people (such as co-trustees of a gun trust) to use the Title II classified firearm.

According to experts, “the cost to create and administer a gun trust is relatively small compared with the potential negative consequences of running afoul of the complex laws surrounding the use and ownership of firearms,” especially those that are heavily regulated.

Latest

The Armed Citizen
The Armed Citizen

The Armed Citizen® December 9, 2022

True stories of the right to keep and bear arms.

By Resolution Of Congress…

The Medal of Honor is instantly recognized as our nation’s highest award for heroism. The familiar words, “Above and beyond the call of duty” are etched into every child’s memory as dreams of battlefield gallantry flicker across their thoughts and deeds while engaged in playground antics.

So Long, Speaker Pelosi

Having such an ardent anti-Second Amendment politician step down from leadership is welcome news.

This Election Will Shape the U.S. Senate

Election Day has come and gone, but one U.S. Senate race still remains up for grabs in Georgia.

Will President Biden Revamp Operation Chokepoint?

One would think that political figures involved in underhanded scandals in the past would not be elevated to positions in which they might try again, but when it comes to President Biden and “Operation Chokepoint,” that’s not even remotely true.

Things Are Rotten In The Big Apple

New York City has long been a breeding ground for anti-Second Amendment sentiment. That’s still the case, but it seems to be getting much worse.



Get the best of America's 1st Freedom delivered to your inbox.