A pet trust is a special trust (or provision within a trust) that provides for the care and maintenance of one or more pets in the event of their owner’s disability or death.
Annie Get Your Gun Trust
Gun trusts are used to hold weapons that are regulated by two federal laws: the National Firearms Act of 1934 (NFA) and a revision of that law, Title II of the Gun Control Act of 1968. NFA weapons include machine guns, silencers, short-barreled rifles, and short-barreled shotguns (including sawed-off shotguns), grenades, and others.
A Toy LLC is an LLC which is specifically designed to own recreational vehicles, boats, ATVs, and snowmobiles. It is used to segregate the risks associated with these vehicles from other assets. Typically used in conjunction with waivers for third-party users.
Grandma’s Cabin Trust
For many families, recreational properties like cabins, beach houses or condominiums provide countless opportunities for bonding and relaxation. Little wonder that parents want the family recreational property to be kept in the family for future generations. Specialized trusts and LLCs can be used to effectively manage these assets.