Having a firearms trust will help you to maintain value of your firearms and ensure safe transfer upon death.
The United States has over 300 million privately owned firearms in the hands of 100 million private owners. These gun owners must know the law regulating firearms at the federal, state and local level. The speed at which gun laws are changing can make this a very difficult task. There is a big need for competent, credible practitioners who can advise these gun owners about the potential legal issues they will face. There is potential criminal liability arising from possession and transfer during their lifetimes. Complications from ownership of highly regulated firearms like silencers and short-barreled rifles. Questions about how their guns will be handled in the event of their incapacity. Firearms also present some unique challenges in the administration of a deceased gun owner's estate. A wrong decision can have potential criminal liability or result in loss of significant economic value of the firearms. A specialized firearm trust is a great tool to form the basis for a structured approach to responsible firearms ownership during lifetime and an orderly transition in the event of incapacity or at death.
Agenda
Faculty
Ben Rust
Rust Law PLLC
- Solo practitioner at Rust Law PLLC
- Practice emphasizes all aspects of estate planning and firearm ownership
- Conducted a number of workshops and CLE presentations on the issues that firearms present in estate planning and estate administration
- Completed a series of videos explaining the issues involved with creating a gun trust available on his website at www.minnesotaguntrustlawyer.com/blog
- General counsel for the Minnesota Gun Owners Caucus
- Gundocx attorney
- J.D. degree, Hamline University School of Law
- Can be contacted at 651-528-8461 or [email protected]
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