A Gun Trust is a type of Trust similar to a Living Trust that takes ownership of your firearms and ensures an orderly and legal transfer of the guns at your death.
You can name one or multiple Trustees responsible for transferring your firearms when you die and can name Successor Trustees if a single Trustee is unavailable or not qualified to serve as Trustee. You also name the beneficiaries who will receive the firearms at your death.
The Gun Trust is revocable, meaning you can change it anytime if you wish to change the Trustee or the beneficiary.
If you own any Title II firearms, you need a Gun Trust.
Any violation of a federal firearm law, intentionally or unintentionally, can result in the loss of the firearms, fines of up to $10,000, and sentences of up to 10 years.
A Gun Trust allows for any Trustee of the Trust to possess a Title II firearm legally. While all Trustees must comply with the same background and identification checks, the Trust can avoid potentially disastrous consequences.
