Recently we have begun to see many "Gun Trusts" that are nothing more than a traditional revocable trust with a few provisions that mention firearms or NFA firearms. As the creator of the NFA Gun Trust, we feel that we are entitled to define what is and what is not a Gun Trust. Here are a few of the more common issues we see with regular or other so-called "Gun Trusts":
- A gun trust should be a document which deals with regular as well as NFA firearms.
- It should not contain language that instructs people to violate the law if they follow the instructions contained in the trust and should not allow for someone who is a prohibited person to become or remain an authorized user of the firearms.
- It should deal with incapacity and death in a manner designed for firearms.
- A real Gun Trust or NFA Gun Trust should be designed to protect individuals, their families and their friends from issues of constructive possession and guide them on the legal ways to purchase, use, transfer, and distribute all firearms.
- In addition, a Gun Trust should not require the sale of firearms to pay income should you become incapacitated - unless necessary.
Perhaps the best way to see if you have a real "Gun Trust" or not is to look for the "Gun Trust Lawyer®" registered trademark or that it was copyrighted by David Goldman. If you have a gun trust that does not contain these markings, and you would like it reviewed free of charge for compliance with federal issues, Contact Us and we would be happy to review the document with you.