Gun trusts have been all the rage during the past few years. Gun manufacturers sell them, gun shops sell them, attorneys sell them, you can do one yourself off the Internet… but who backs them up when the laws change? Do these people actually know the federal and state issues created by a gun trust? And could anybody (even an attorney) actually write the perfect gun trust to deal with all the unknown future laws?
In my experience, things can always be improved. Things change, we learn new things, we gain new experiences. For example, I have practiced law since 1988 and studied with some of the best, brightest and most creative attorneys in the country. They wrote trusts, I wrote trusts, and we all watched tax laws change every couple years, estate and business laws change in various states, and each time our “best”documents needed updating to take advantage of these new laws.
Change is good, not bad. And, it’s just life. When getting it wrong might be a crime… we have extra incentive to get it right!
Anybody with a gun trust should review it with an attorney well versed in federal and state firearms law. If you have an NFA gun trust and you are not going to file an applicaiton to make or receive an NFA firearm after July 13, you may not need to make changes to adjust to federal law. But how about changes in your state law? Washington and Oregon changed the game for sharing firearms with others in 2014 and 2015 respectively.
Attorneys with an active gun trust practice constantly tweak improve their documents… but also teach you how to use them. If you have a free gun trust, or an online trust, any kind of do it yourself gun trust, or even one done years back by an attorney… review it and see what new features are available to help you enjoy your firearms… without risk.
An old gun trust may not be your friend… or your loved ones’.