NFA Gun Trusts

Much has been in the news over the last couple of years regarding firearms. In the wake of multiple mass shootings, the government has been discussing ways to limit ownership, creating new and stricter gun control laws, and even taking away all of your firearms period. It is important to note that these discussions are just that. So far nothing new has changed regarding firearms from a federal standpoint. This article will address firearms and how you should incorporate them into your estate plan. Different rules apply depending upon the type of firearm. For purposes of this article, I will distinguish “regular” weapons that can be passed to beneficiaries under a will or trust from those weapons governed under the National Firearms Act of 1934 (“NFA”). Continue reading NFA Gun Trusts