Specialty Trusts
Firearms Trusts
It can be surprisingly difficult to pass on a firearm as a gift or to leave one in a will for your heirs — whether that firearm is a recent purchase for practical use or a 100-year-old family heirloom. Arizona has an interest in regulating the gun market, and that includes non-commercial transactions such as gift-giving.
Kruchek Law, PLLC, will prepare the necessary paperwork to jump over these legal hurdles so you can give your property to the recipient of your choice. In many cases the easiest way to do this is by creating a firearms trust that is subject to fewer regulations than a simple sale transfer or gift transfer.
It’s also legally prohibited to sell or give a gun to a convicted felon; Kruchek Law, PLLC, can help you verify that your intended recipient is legally clear to own a firearm.
Digital Trusts
The law always lags behind the latest developments in technology. Today, that means estate law is a bit unclear on what happens to digital assets such as mp3 music files after their owner passes away.
This may sound like a minor concern, but it is now common for one’s digital assets to be worth thousands or even tens of thousands of dollars. These assets can include digital music files, movies and TV shows, ebooks, video games, bitcoin currency — anything that exists only in digital storage, with no physical object. A person cherishes her digital music collection, for example, has every right to pass that full collection on to her children.
The ambiguity in today’s estate law can be circumvented by creating a digital trust that specifies what should happen to your digital assets.
A digital trust can also be used to lay out what should happen to other digital records, such as your email archive, and your social media accounts. Should your Facebook page live on forever, or should it be closed down after your death? This question and many others can be answered in a digital trust.
Pet Trusts
If something were to happen to you unexpectedly, what would happen to your pet? In many cases, the answer is not obvious. But you can avoid this uncertainty by creating a pet trust that assigns the care of your dog, cat or other pet to a trustee, so that you know Fido will be in good hands after you’re gone.
Pet trusts can also apply to livestock, including horses: A horse is often thought of as a member of the family, and they live long enough that it’s not uncommon for them to outlive their older human owners.
Speak To An Experienced Estate Planning Lawyer Today
Estate planning attorney Beth Kruchek cares about the details of your case and makes it her top priority to help you understand your options, so you can make decisions today that will help you and your family for years to come.
To see how Kruchek Law, PLLC, can help you plan for your future, contact Beth Kruchek online or call her at 520-276-4815 to schedule a free initial consultation in her Tucson, Arizona, office.