Category: Gun Trusts

Can my friends and I form a Firearm Trust and put Title II firearms into the trust? Legally, there is nothing that will prevent someone from forming a trust in this manner. However, each friend must be aware of the potential consequences of sharing a firearm trust. Most importantly, what

Who may access the firearms held by the firearm trust? The trustees are the only ones who should access the firearms. The settlor can add as many or as few trustees as he wants. Note that all trustees will have specific duties and obligations to perform pursuant to the trust’s

What are Settlors? The settlor is the person who forms the trust and, normally, who transfers the property to the trust. For those reasons, the settlor decides what the trust will do with the trust property. Ultimately, the settlor causes all the provisions in the trust agreement to be effective

What is a Trust and what is it used for? Trusts are commonly used in the estate planning process. A trust is a legal arrangement that separates the right to control assets from the right to receive the benefits from those assets. In other words, one person controls the assets