Article on Rule 41F: Targeting a Gun Trust Loophole

Taylor Smith recently published an Article entitled, Rule 41F: Targeting a Gun Trust Loophole, 9 Est. Plan. & Community Prop. L.J. 327 (2017). Provided below is an abstract of the Article:

This comment will discuss why Rule 41F is relevant to modern estate planning, and why the Department of Justice’s amendment to the Gun control Act better reflects today’s society. This comment will first discuss the history of gun control legislation in the United States and provide a background to gun trusts in general. Second, this comment will consider previous gun trust laws and why the legislature decided to implement Rule 41F. Third, this comment will discuss Rule 41F, its impact on gun trust regulations, and analyze what makes Rule 41F relevant. Finally, this comment will discuss what estate planning professionals need to know to revise their clients’ current gun trusts and what is required to draft a future gun trust that complies with Rule 41F.