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Gun Trust Info from Lawyers In Colorado
Laws surrounding gun trusts have changed dramatically in the last decade. In many cases, their usefulness has declined. If you want more information on gun trusts in Colorado, call 720-547-2319 to set up a consultation with an attorney..
What Is A Gun Trust?
A gun trust is similar to other types of trusts, in that you put ownership of assets into the trust and then dictate how those assets will be handled – while you’re alive and after your death. Typically, gun trusts are used for weapons that are regulated by the National Firearms Act (NFA) or Title II of the Gun Control Act (Title II).
Why Set Up A Gun Trust?
By setting up a gun trust in Colorado, you can make sure that you’re complying with all of the local, state, and federal laws that apply to firearms. You can also help ensure that your family members aren’t accidentally violating the law if you become incapacitated or die.
Protect Your Privacy With A Gun Trust
If you leave guns to your heirs via a will, that will becomes part of the probate process, which is public record. A gun trust, on the other hand, allows you to avoid probate and protect your privacy.
Avoid Transfer Requirements With A Gun Trust
In your gun trust, you can designate that your firearms stay in the trust even after your death, but grant rights to the beneficiaries of the trust. However, these rules have changed and the benefits of this type of trust are not quite the same. Be sure to talk to an expert before moving forward with your plan.
How To Set Up A Gun Trust In Colorado
If you own firearms and want them to pass through your trust to your family, our attorneys can help. However, if you own specific Type II firearms that are regulated by the ATF, our firm does not specialize in those specific types of gun trusts.
Transferring ownership of guns to other people – while you’re alive or after you die – can’t be easily done without potentially violating firearms regulations. And with those violations can come stiff fines and/or jail time. So having an experienced trust attorney set up the trust for you is the best way to go.
For more information about gun trusts in Colorado, or to schedule your legal consultation, please call 720-547-2319.