Gun Trusts can be helpful to anyone owning and transferring firearms. Rules regarding gun ownership vary from state to state and a gun trust can help individuals from committing unintentional felonies when transferring weapons to heirs.
For weapons regulated by the National Firearms Act (NFA), which are interchangeably referred to as NFA weapons, Title II weapons, or Class 3 weapons gun trusts truly can be life-savers.
Possessing an NFA regulated weapon illegally is punishable by a fine of $250,000 and a maximum of 10 years in prison and it doesn’t matter whether you know you are committing the felony or not.
Compliance with the law
Compliance with local, state, and federal laws both at the time of purchase and throughout the period of ownership of regulated weaponry is of critical importance. Gun Trusts are specifically designed to ensure compliance with the National Firearms Act.
Weapons regulated by the National Firearms Act include:
- Short barrelled shotguns
- Suppressors and silencers
- fully automated machine guns manufactured prior to 1986
as well as weapons categorized as:
- destructive devices (DD)
- and any other weapon (AOW) regulated by the NFA.
Benefits of a Gun Trust
Creating an NFA Gun Trust for ownership and use of NFA weapons has several major benefits for trust beneficiaries:
- Gun Trusts are permanent and do not require annual filing, updates, or fees
- CLEO signature not required
- fingerprinting not required
- photograph not required
- enhanced reporting privacy (registration with BATFE still required, but notification to local law enforcement of new acquisitions is not
- as a part of your estate planning package, a gun trust plans and provides for your heirs and safeguards them from illegal possession upon transfer to their ownership at the time of your death
- your gun trust is designed to ensure you are in compliance with local, state and federal laws; peace of mind is priceless.
- an NFA trust is designed to provide for ownership of all NFA regulated weapons, and does not have to be updated for new acquisitions
REQUEST A CONSULTATION
Fill out the form below to receive a confidential initial consultation.