The smooth legal transfer of firearms might apply to you if you currently have a weapon or a collection of firearms. Guns, much like art, are very unique assets and fall under state and federal laws that should be considered in the estate planning process.
Any and all special items, including other personal collections or cryptocurrency, should not be forgotten when you’re making a list of your assets and debts. Together, these items make up the roadmap of your estate planning.
In California, for example, you are required to register the transfer of ownership or you may have to dispose of the firearm. If a fire arm is believed to be part of an estate, it is important to locate the fire arm, secure and clear it, catalogue all fire arms in the person’s estate, and then get rid of them or distribute them. It can be really beneficial to understand where fire arms fall within an estate plan, what language should be used in an existing estate planning document in the event that a fire arm can’t be transferred as planned, what rules must be followed when you currently have a fire arm in your possession and intent to transfer as part of your estate, and how to appropriately transfer a fire arm to another person.
Any complicated estate planning matters should be discussed directly with a trusted Pasadena estate planning lawyer.