Three important reasons why you need a firearms trust

People collect all sorts of items. Whether it’s for protection or as a hobby, some people prefer to collect guns. If you’re a gun owner in Arizona, it’s important to learn how to protect your firearms. With that in mind, here are a few reasons you need a gun trust:

Properly disposing of your collection

Sounding harsher than it is, disposing of a collection doesn’t mean throwing these items away. Instead, you can dispose of a firearm collection by liquidating or selling these weapons to a charity. It’s also possible to invest the value of your collection as a way to provide another source of income for your beneficiaries.

Keep things private

For most people, estate planning is an understandably private manner. If you go through probate, the information about your estate and gun collection becomes public record. Most people don’t want this information, which includes the guns in your collection and their respective values. With your guns in a firearms trust, this same information remains private.

Avoid breaking any laws

Many gun owners are unaware that owning firearms as an incapacitated person is illegal. While it’s unlikely, there’s always the possibility that law enforcement will find out that you’re an incapacitated gun owner. By having a gun trust, you’re technically no longer the owner of these firearms. Instead, your firearms trust owns these guns until you’re no longer incapacitated or you pass away. If you don’t recover, a trust can detail your final wishes regarding your firearms.

Considering the worth of a gun collection, it makes sense to protect these valuable firearms. It might seem like having a trust solely for your guns is going a little overboard. However, it’s always better to be safe than sorry when it comes to a collection of firearms.