The Meurer Law Offices Colorado gun trust planning attorney can explain that NFA weapons include machine guns, silencers, short-barreled rifles, and short-barreled shotguns (including sawed-off shotguns). It also includes grenades, and other destructive devices.
Our Colorado gun trust planning attorney will show you how a gun trust can take care some of the federal transfer requirements. Gun trusts can assist Colorado gun owners by providing a structure with multiple trustees and beneficiaries in case a trustee or beneficiary should die or become legally incapable of possessing the weapons owned by the trust.
Without a gun trust, your firearms may be passed through a simple will (or even worse, the NFA gun owner may leave no will) where the executor of your estate (the person who is responsible for gathering your assets, paying your debts, and distributing what’s left) may not be familiar with the rules about ownership and possession of NFA and other weapons.
This can cause real problems because someone who does not understand this could violate criminal laws by transferring a weapon without going through the proper procedures. For example taking or sending it to a state where it is prohibited, or giving it to a person who is legally prohibited from owning the firearm. Even if an executor drops off a NFA gun at the local gun shop to sell, or forfeits the gun to the local sheriff, they may have committed a crime. This can be avoided by a gun trust.
Our Colorado gun trust planning attorney can explain the benefits of a gun trust and show you how it might benefit you. If you are a gun owner or want to be, you should talk to us about setting up a gun trust and then rest easy knowing you are complying with all the laws.