Schedule Your Consultation:
360-213-2040
Schedule Your Consultation:
360-213-2040
Contact
Call
Menu

AT ANDREWS TERRY JEFFERS LLP,

TRUST IS EVERYTHING

Three potential pitfalls about having guns in an estate plan

| July 5, 2022 

Estate planning is a smart way for someone to ensure their loved ones remain financially taken care of. While valuing their Washington estates, many people will think of certain items like homes, vehicles, and boats. However, there are other items of value that sometimes end up forgotten about in wills and trusts: guns. Here are a few potential pitfalls that can arise when guns are part of your estate.

Avoiding prohibited persons

When someone administers an estate, they mustn’t distribute guns from someone’s estate to any prohibited persons. The Gun Control Act of 1968 banned any prohibited persons from possessing or receiving both ammunition and firearms. Your seemingly nice gesture of leaving a firearm to a family member who is a prohibited person can wind up getting this person in a lot of potential trouble.

Rules about firearms vary by state

Another problem that can arise when involving firearms in estate planning and probate involves state laws. What’s legal in one state is sometimes illegal in another state. Before gifting guns to loved ones, make sure you and the other party won’t violate any state laws through this agreement.

Laws change over time

As you know from learning about things like prohibition, laws change over time. What’s perfectly acceptable in one decade can be illegal in another decade. Considering that, it’s important to remember that the firearms or firearm accessories you leave in your estate plan could become illegal weaponry at some point.

To wrap things up, it’s important to use caution before including firearms in your estate plan. If you’re not aware of national and state-wide firearm laws, you could end up getting your loved ones in trouble.

Further Reading

Create a financial file today in Washington

March 30, 2023 
The Washington Department of Revenue operates a fund where people can locate money they have forgotten about or that should have been accounted for in a relative’s estate. Creating a financial file can help stop this issue and relieve stress should a natural disaster occur or at the time of your death. The file should […]

Your estate tax strategy can make or break your legacy

November 9, 2022 
Maybe you have big plans for your estate in Washington. You probably want to know that you’re doing what’s right. But before you get too deep into those grand aspirations, it’s important to make sure you have a full understanding of which estate taxes apply. When should you strategize your estate plan taxes? It’s never […]
1 2 3 6
Skip to content