Wealth Strategies: “When an estate has firearms, the executor must be careful to avoid violating federal (and state and local) firearms laws. These laws strictly regulate possession of, and access to, certain weapons, the transfer of permissible weapons, and bar certain persons from owning or having any access to firearms. Failure to comply with these laws may result in criminal liability, including stiff punishments and fines, and forfeiture of any weapons involved. Careful estate planning can help with compliance with some of these laws.”
Gun Trusts in Estate Planning
By On the Net|2017-10-07T11:19:28-07:00July 8th, 2010|
About the Author: On the Net
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