Drafting Gun Wills & Trusts - and Preventing Executor Liability

Tuesday May 23, 2017

Firearms are often an important part of a client’s legacy and estate. The firearm, one or one of many in a collection, may be an antique handed down through the generations of a family. These firearms may have substantial economic value, or none at all. Often their value is sentimental, part of a family’s heritage. But they are, of course, no ordinary objects of property. They are highly regulated at the federal level, and often at the state level, too. These laws regulate which firearms may be owned and which may not, how they may be transferred, if at all, and, most importantly for trust and estate planners and their clients, the penalties for any breach of law. This matrix of law is filled with traps for planners, executors, trustees, and clients. This program will provide you with a real world guide to drafting lawfully compliant gun wills and trusts, special client capacity issues involved when transferring these assets, and substantial traps planners, trustees and executors.
Handout Materials Will be Emailed to You Prior to the Seminar

Starts 12:00 p.m.
1.0 MCLE Credit Hours

• Drafting gun wills and trusts to avoid liability for clients, planners, executors and trustees
• Framework of law governing gun ownership
• Essential elements of a compliant and enforceable gun will
• Significant issues involving diminished capacity when designing gun wills
• Guidance on drafting National Firearm Act Trusts
• Common and sometimes unavoidable traps for trust and estate planners


Benjamin Dean, Dean & Schmidt, LLP – Columbia, South Carolina