Is there any benefit to placing non-NFA (Title 1) firearms into a Gun (NFA) Trust?
Not specifically, although many clients find it useful to place all their firearms into one estate planning document so that the distribution is less likely to be contested. Also, some individuals are concerned that at some point in time, PA could pass legislation stating that a firearm (Title 1) could not be transferred or sold. In essence, this would allow the current possessor the right to keep the firearm, but at his/her death, the gun would likely be confiscated. By placing the firearms into a perpetual gun trust, it is possible for the firearms to be owned/possessed by the trust, which would never cease to exist. Hence, no future transfer would occur. However, it is unlikely that PA will enact such legislation since it is extremely gun friendly. Nevertheless, if PA does look at enacting such legislation, there would be time to draft a perpetual trust and transfer possession of the firearms into it prior to the enactment.
