A wallet style holster for holding and concealing a handgun includes an elongated panel including a top flap portion and a bottom flap portion having a handgun retaining element attached to the bottom flap portion where the handgun retaining element includes a trigger guard retention portion and a forward block. At least one protrusion is separated from the forward block by a channel, where the channel and the protrusion are formed to receive a handgun trigger and trigger guard which is held between the protrusion and the forward block. The top flap portion of the elongated panel may be folded over the bottom flap portion to form a wallet, sized so as to be adapted to cover a handgun and fit in a pocket.