SILVER EDITION GUN TRUST
Our Silver Edition Gun Trust is our most popular trust. It provides you the ability to update schedules and certain benefits planning without additional attorney fees, and adds a number of useful features to protect you and those you engage in shooting sports with for a very reasonable fee, the equivalent of about one to two hours of most attorneys’ time. Best of all, it is written by leading gun trust attorneys who are available to help you should you have questions or gun-related legal issues.
Silver is designed for the firearms collector who understands the value of proper planning when dealing with NFA items (suppressors, etc.) as well as non-NFA items (regular rifles pistols and shotguns). Our trust system is designed to protect everyone that may come in contact with the collection and to avoid the likelihood of an “accidental felony”.
Silver is designed to own, allow sharing, and eventually distribute your firearms whether NFA or conventional firearms. NFA weapons can be shared by designating others as a Co-Trustee of your trust (can have permanent possession outside your presence, full administrative powers and even purchase NFA firearms for the trust, if you desire), by designating others as a Special Trustee (for short-term possession and use outside your presence only), or by making them a beneficiary of the trust (use in your presence). The trust contains provisions to protect those with whom you engage in firearms activity, ensuring that both friends and family members can be covered and protected by the terms of the trust. A personal property memorandum is incorporated which allows the client to make a list giving specific firearms to specific individuals. This list can be updated without attorney involvement at any time for any reason. And, items not specifically given to someone are provided for by percentage bequests to one or more persons or even a charity, so that the entire collection is properly distributed.
When it eventually comes time for a successor trustee to take over and manage the collection, the trust system provides guidance in plain language meant to help anyone, not just somebody who knows guns. The trust strips away many powers which are included in traditional or generic revocable living trusts that would allow a trustee to commit accidental felonies. Further, the trust provides detailed guidance on how both NFA and non-NFA items must be transferred.
This trust is an excellent choice for the majority of our clients. It provides unparalleled and specific protection for firearms when compared to any generic revocable living trust; in fact it has many features unknown to other firearms-specific trusts. The Fees for this Trust are $500.
To prepare a Silver Edition Gun Trust, please fill out this SILVER INTAKE FORM and either fax or email it to us.
If you questions or want to learn more, please contact us or schedule a consultation. If the Silver Edition Gun Trust does not provide all the benefits you require, consider the Gold Edition Gun Trust.