Many people who live in high-crime areas or who commute through them daily are owners of guns. Some types of guns are regulated by the National Firearms Act, which mandates the registration of certain types of guns like automatic weapons and short-barreled rifles. Because of these regulations, NFA guns cannot just be passed along to another person in an ordinary will or trust. That is why there are gun trusts, which are a specialized type of trust that outlines the duties of those who own or who transfer guns to beneficiaries when they are incapacitated. If you’re a gun owner and have beneficiaries who may inherit your weapons, the smart thing to do is to consult with a Texas gun trust lawyer.
Benefits of a Gun Trust
Most gun trusts are set up as revocable living trusts, which means that the grantor (person setting up the trust) can amend or revoke the trust while he/she is still alive. When the grantor dies, the passing on of the guns to beneficiaries may proceed without court probate. A gun trust may also specify more than one person to be the owner of the gun or guns. Without a gun trust, should you become incapacitated or unable to make your own decisions, your guns would be confiscated. However, if they are placed in a trust, those designated as beneficiaries in that trust may take possession of the guns in that event. The trust is then technically the legal owner of the guns. In the state of Texas, gun trusts need not file any annual reports or pay franchise taxes.
Call to Schedule a Free Consultation With a Texas Gun Trust Lawyer Today
If you are considering setting up a gun trust for the management of your weapons, call to schedule a free consultation with a Texas gun trust lawyer today. The experienced legal staff at the Voeller Law Firm will help you complete the needed forms and documents to create this trust and will answer any questions you may have. Visit our web page at voellerlaw.com or give us a call at (210) 651-3851 and set up your consultation with one of our experienced lawyers. We serve the city of San Antonio and we’ll help you make sure that you and your beneficiaries are the ones in control of your guns.