A gun trust is a special trust designed to hold Title 2, Class III weapons such as machine guns, suppressors, short barreled rifles, short barreled shotguns, and other weapons. The trust is set up for the benefit of an established beneficiary while granting possession to the trustee.
The chief benefits of a gun trust include: the ability to acquire certain firearms without the approval of a Chief Law Enforcement Officer, the ability to have multiple operators without having to effectuate additional transfers, and the avoidance of the probate process breaching the owner’s right to privacy.
A gun trust is a complicated and sophisticated legal instrument that requires extensive knowledge regarding overlapping areas of federal and state law. One should never attempt to put a gun trust into place without consulting an attorney knowledgeable in these areas, otherwise harsh criminal and civil consequences could result.
Contact Ourednik Law Offices today to discuss the establishment of your gun trust.