Share:

Proper estate planning is imperative to ensure your assets and property end up in the right hands. But what can be done about firearms, which have numerous legalities surrounding them that other types of property do not? In this case, working with attorney Stuart R. Norman Jr. is crucial for creating a successful estate plan in Griswold, CT.

Proper Transference Is a Must

estate planningUnlike other items distributed through estate planning, firearms are held to very rigorous standards. Federal law states that firearms must be licensed in the name of the owner and, as a result, can’t be redistributed to an unlicensed party, even via one’s will or trust. In fact, doing so can lead to serious legal ramifications. Depending on the firearms in question, the unlicensed recipient could be subject to up to $250,000 in fines and might even face jail time. Additionally, these policies are strictly adhered to in order to prevent unlawful individuals from acquiring weapons.

What Must Be Included in Your Estate Plan

If you do plan to distribute firearms in your estate plan, there are a few crucial considerations you must make. It’s best to name some alternate beneficiaries in the event there is a problem licensing those who are named from the outset. You can also devise a gun trust with the assistance of an estate law attorney. In this case, weapons become the property of the trust itself until your death, at which point the trustee will be responsible for ensuring beneficiaries meet eligibility for gun ownership.

Offering a wide range of estate planning services to residents of Griswold, Stuart R. Norman Jr. remains committed to helping clients navigate through the toughest legal issues. Call (860) 376-0069 today to schedule your consultation with this skilled attorney. You can also visit his firm online to access a convenient contact form.

tracking