What Are The Benefits Of A Gun Trust For Estate Planning In Lake Arrowhead, CA
As a former criminal prosecutor, I am aware of state and federal gun laws and what behavior constitutes criminal conduct. While working on estate matters for clients who had no estate plan or poorly drafted plan, I have come across situations where innocent people unknowingly violate gun laws and commit an “accidental felony.”
Consider, for example, a generic Will drafted by a father who intended to leave his entire firearms collection to his beloved son. Suppose that the son was convicted of a domestic violence offense in Lake Arrowhead, CA before his father’s death. The Will names the father’s other child, his responsible, hard-working daughter, as the personal representative (also known as an executrix). Like many children, she and her brother meet at their dad’s home to divide his personal belongings. During that process, the daughter follows her father’s wishes and gives all of the guns to her brother.
A Gun Trust Can Help Avoid Many Legal Entanglements In Lake Arrowhead, CA
This man drives the firearms across the country to his home in another state. The daughter did not have a clue that she and her brother have just committed multiple felonies. Even worse, many gun laws don’t require that the violator have knowledge of the criminal law violation: both the son AND the daughter in this case could be convicted of a federal crime and imprisoned. The poorly drafted will in this situation left no alternative gift to the son, did not name an alternate beneficiary to receive the guns, and did not in any way address the laws pertaining to the possession or transfer of the firearms.
If these firearms had been transferred to a gun trust, the criminal behavior would have been more likely avoided in Lake Arrowhead, CA, because the trust would have in black and white prohibited the transfer to the son and alerted any attorney and the personal representative to this fact. In other words, the criminal behavior could have been completed avoided by the properly drafted gun trust. There would have been no question that the son could not receive the firearms. The trust would have directed that the guns go to the father’s alternate beneficiary.
Gun Trust For Holding Onto NFA Or Class 3 Firearms In Lake Arrowhead, CA
Many clients contact me because they have read that gun trusts are useful tools to obtain and hold firearms regulated by the National Firearms Act (NFA) in Lake Arrowhead, CA. These firearms are also called “Class 3” by many gun dealers and “Title II” by those in the legal field. Sharing possession of NFA firearms through a gun trust is a wonderful benefit of a properly drafted gun trust. However, our gun trusts are designed to provide this benefit and even more: they are a legal gun safe that will alert unknowledgeable citizens and attorneys to the restrictions on the transfer and possession of firearms, they outline a plan for the gun owner’s death and also for the gun owner’s incapacity, and they create a dynasty trust for the gun owner’s children.
What Are The Benefits Of A NFA Gun Trust In Lake Arrowhead, CA
A firearms collection in Lake Arrowhead, CA may be the product of one spouse’s interest. The other spouse tolerates this interest, but does not care nearly as much about the items that have accumulated. Due to death or disability, the disinterested spouse or other family member may be forced to manage or distribute the collection. Because of the vast amount of federal and state regulations pertaining to both NFA and non-NFA firearms, a disinterested spouse may make a mistake as to the applicable laws. A violation of the applicable laws usually results in the commission of a felony.
Because an Alex Kincaid gun trust is designed with this scenario in mind, there are detailed instructions to guide a trustee in handling the assets as well as an overview of applicable laws and regulations.
The Advantages Of A Gun Trust Over A Living Will In Lake Arrowhead, CA
A firearms trust is also designed to allow for multiple users of the items held by the trust. This is in direct contrast to a standard revocable living trust in Lake Arrowhead, CA. The firearms trust specifically allows for any named trustee, successor trustee, and any named beneficiary to have the ability to use or possess the trust assets. There is even a provision that will deem any person that you are shooting with a beneficiary of the trust so that person will be in lawful possession of the trust firearms. The trust also allows for the formal appointment of beneficiaries for a limited duration with a set expiration date. These “automatic beneficiaries” and “limited duration beneficiaries” have no rights for inheritance unless they are also listed as a “remainder beneficiary” in the trust, so you can enjoy sharing your firearms without worrying that you gave away more than you intended.
A firearms trust in Lake Arrowhead, CA also has many standard trust features such as avoiding the probate process for the firearms and the public record that the court system will create. The trust creator has the ability to create and update a tangible personal property memorandum, which grants different people specific items of a collection.
What Does a Properly Drafted Gun Trust Look Like In Lake Arrowhead, CA?
When properly written, gun trusts are powerful asset protection and estate planning tools in Lake Arrowhead, CA. A well-drafted gun trust will achieve the following for the gun owner who creates the trust:
1) Ensure that friends and family can lawfully possess and transfer trust-owned firearms during the gun owner’s lifetime;
2) Create a private plan that completely avoids the court system for all firearms if the gun owner becomes incapacitated or dies;
3) Eliminates most of the bureaucracy involved when acquiring NFA firearms;
4) Helps the successors and heirs to understand the gun owner’s desires related to all the trust-owned firearms;
5) Helps the ones you care about to comply with firearms laws when they possess or transfer the firearms;
6) Assists the gun owner to own firearms in more than one state; and
7) Ensures that neither gun owner nor any loved ones commits an accidental felony.
This Article Is Provided by Attorney Alex Kincaid
Ammunition for self-defense may be regulated by state law
Ammunition for self-defense may be regulated by state law
Just as important as it is to pick a first-rate gun for your self-defense is the choosing of the correct ammo that you will use. Ammo for self-defense has made great strides in quality and performance in its ability to penetrate and create what is commonly known as stopping power.
Self-defense ammo is not necessarily designed to kill the attacker, but rather to stop the combat and prevent them from continuing the encounter with you or any other civilians who may be present for the encounter. To achieve this, calibers must have the ability to create such a shock and tissue damage that the attacker instantly stops and surrenders. The stopping or “knockdown power” usually refers to the ability of the ammo to incapacitate the attacker.
Choosing a self-defense ammo is not as easy as simply walking into a Lake Arrowhead, CA gun store and making a purchase, there are many first-rate types of ammo that, although legal in one state, would be a felony to simply possess in another state, so you must know all of the related ammo and concealed carry legislation and laws in Lake Arrowhead, CA and the surrounding areas.
This can be a real issue if you leave Lake Arrowhead, CA and are carrying a concealed weapon or any type of sidearm across state lines.
The most common and effective type of concealed weapon self-defense ammo is the “Hollow Point” for both revolvers and semi-auto sidearms.
Nearly every manufacturer of calibers now makes highly advanced hollow point calibers for self-defense, each has a slight variation in the design of the ammo and casing coupled with powder, primer, and machining quality to produce exact and high precision ammo.
YouTube is a great resource for civilians from Lake Arrowhead, CA to learn the ballistics and true capabilities of any type of concealed weapon ammo you’re considering for self-defense use. The premier calibers (but not limited to) that a vast majority of advanced self-defense ammo comes in is:
Revolver: .38 Spl +P, .357 Mag, .44 Mag
Auto Pistols: .25 Auto, .32 Auto, .380 Auto, 9mm, .38 Super +P, .40 Cal, 10mm Auto, .357 SIG, and .45 Auto