Nowadays, gun shooting is becoming a recreational activity and a serious hobby for more and more people. This may be because there’s an adrenaline rush and a sense of satisfaction when you hit the target in the bull’s eye. Whatever it is, the demand for this kind of hobby keeps increasing. That’s why the need for a gun trust for those who are moving from one state to another is also increasing, so they could keep improving their shooting skills.
What a Gun Trust Is
A gun trust makes estate planning more efficient because it provides flexibility when owners need to acquire or relocate NFA-regulated (National Firearms Act) items like short-barreled shotguns, rifles, and suppressors. If you make a DIY gun trust, you can enjoy a faster process and you can also declare two or more persons as trustees, so they could have access to your items.
Common Misconceptions About Gun Trusts
Contrary to popular belief, no gun trust will allow you to violate or bypass any state restriction or law. That being said, your trustees still need to follow the Brady Act when you buy any NFA-regulated product. Moreover, it’s your responsibility to notify the BATFE if you’re crossing different states carrying these items a few months in advance. You also can’t transport these items to states that prohibit them.
Benefits When Moving
Aside from a gun trust, you also need a Form 20 when you move from a state to another. Pass this to the BATFE to gain approval. This can cause you problems if you’re only renting because to start the process, you need to give your new address. This means that you must already have a place to rent weeks or months prior to your move.
Having a gun trust is the way to go if you’re serious about this hobby and you are the type that moves frequently. With this, you can prevent any problems or disturbances when it comes to your hobby.