Gun Trusts: What You Need to Know

Recent tragic events underscore the importance of maintaining a dialogue about the responsible, accountable, and safe possession and transfer of firearms in our country. This is why it’s critically important for every law-abiding gun owner to stay abreast of all the complex and evolving gun laws.

For example, did you know that possession and transfer of any type of firearm to a “prohibited person” could result in a felony? And, that in some circumstances, loaning, gifting, or sharing a particular type of firearm with someone is a crime, resulting in large fines or even conviction?

Not knowing the law could cause you to commit an “accidental felony.” Ignorance of gun law is not only dangerous for gun owners; it is rarely the best defense. If you own firearms, allowing others access to them involves another category of risk. It does not matter if it’s at the range, or in your home; sharing firearms can create legal risks that you can avoid.

Few gun owners or attorneys fully understand the following risks or know how to avoid these potentially serious legal consequences. It takes planning. That’s why Wilson Law Group has decided to add firearms planning and gun trusts to our practice to help you stay safe by protecting all you hold dear.

Consider that:

  • Unlawful possession or transfer of certain regulated firearms can result in a 10-year federal prison term, and a $250,000 fine per count
  • Legal terms like “possession,” transfer,” and “access” may mean far more than you think
  • “Sharing” a firearm may constitute a crime (when an “unlawful” possession or transfer occurs)
  • Innocuous access, such as living in the same house or having “access” to guns by others can pose legal problems related to actual or constructive possession and unlawful transfer
  • Possession by, or transfer to, a “prohibited person” causes exposure to criminal liability

If firearms are part of your life, or to simply feel more secure about your gun-ownership planning, please call us today at 608-833-4001. We can discuss how these laws affect you, and what you can do to protect yourself and your loved ones.

Posted in: Estate Planning, Gun Trusts