Whether a trustee can keep trust firearms in the same gun safe as the trustee’s firearms?
This is a difficult question because the Pennsylvania courts have not addressed this issue or any similar issues. Originally, this obligation was to prevent the commingling of funds (cash, stock, mutual funds…etc) because it is virtually impossible to distinguish the trust’s assets from the trustee’s. With firearms, there are several differences: 1. Gun safes are not cheap, some costing upwards of $7000 because of fire protection and weight; 2. Firearms are serialized and the serial numbers are recorded on the approved Forms and on the Assignment of Property or Schedule A; and 3.
