The purposes of a National Firearms Act Trust (referred to as a “gun trust”) can vary but often are focused on staying compliance with federal, state, and local laws that apply to certain firearms while also allowing a smooth transfer of these items upon the death of an individual. A gun trust also allows the transfer of firearms without going through the probate process and having these transfers become part of the public record.
Finally, a gun trust is also useful for incapacity planning. As the owner of the guns, if you become incapacitated the possession, sale, or even movement of a firearm could violate state and federal law. A gun trust would alleviate these concerns and nominate a individual(s) to properly handle your firearms in the event you are no longer able to do so.
Please contact our office to discuss what will happen to your gun collection after you’re gone or if you become incapacitated.
Moore Law, LLC, is based in Batesville. We serve clients throughout southeastern Indiana and the rest of the state. To get case-specific advice from a lawyer in an initial consultation, call us at 812-932-1227 or send us an email.