Trusts

By Virginia Hammerle, Attorney   Guns are regulated by a mix of federal and state laws.   Probating an estate that contains guns can be difficult, and could even expose the executor to criminal penalties. The National Firearms Act,  the Gun Control Act of 1968 and, most recently, the Firearm Owners’ Protection Act  outlines gun regulation for certain types of firearms,  such as machine guns, suppressors, short-barreled shotguns (sawed-off shotguns), and destructive devices...

A Revocable Living Trust is often used in  estate planning to avoid probate.    It is a useful tool in the right circumstances. Most people use a Revocable Living Trust to hold assets, such as a house or rental properties.  The person who sets up the Trust, and usually funds it, is called the "Settlor."    The Trust is "revocable" because the settlor can revoke it at any time.  It is called...