Most gun collectors know the laws they need to follow when dealing with their weapons. They know what they need to do if they want to sell or give those guns to another person. However, the collectors' heirs are often not aware of those laws.
That can cause people who inherit guns to unwittingly break the law, which can possibly lead to big trouble.
Recently, the Wills, Trusts & Estates Prof Blog published an article that suggests how to best leave someone an inheritance containing firearms. The article is titled "Estate Planning for Firearms."
The answer seems simple enough, use a gun trust. This is a special trust that will actually have “ownership” of the firearms. The advantage is that the gun trust is set up by a professional who knows how guns need to be transferred to comply with the law.
Of course, it is not that simple.
Properly setting up a gun trust is something that only a professional estate planning attorney with special expertise in gun trusts should undertake.
Thus, if you have a gun collection, you should have your estate plan done by a Cincinnati estate planning attorney. If you plan on just leaving your guns to your heirs in your will, you might be getting those heirs in trouble with the law.
If you have any questions about any of the information contained in this blog, see the estate planning website of Cincinnati attorney, David H. Lefton, or contact him at 513-399-PLAN (7526) or by email at firstname.lastname@example.org.
Reference Wills, Trusts & Estates Prof Blog (January 15, 2015) "Estate Planning for Firearms"