April 2011 Archives

April 30, 2011

The Importance of Naming a Beneficiary in your Gun Trust

antiquefirearm250x186-495.jpgOne of the basic foundations of a Trust or Gun Trust is that there must be a named beneficiary that exists at the time you create your trust. If there is not a named beneficiary that exists at the time the trust is created, the trust is invalid, and if the trust owns NFA firearms this could create large problems for those who are in possession of them. They are essentially in possession of an NFA firearm without a proper transfer. This is true, as many people are finding out, even if the ATF has approved the transfer to the trust on a Form 4 or Form 1.

Often people do not know whom to list as a beneficiary in their trust. While a normal trust or revocable trust does not deal with transfers to children or other prohibited persons correctly a properly drafted NFA Trust should look at where the items are, where they are going, the legality in each location, the proper method for completing the transfer, the eligibility of the beneficiary to posses the firearms (at the time they are to be transferred and not simply at the time the trust was created) as well as whether the individual is mature and responsible enough to have a machine gun or a regular firearm for that matter.

One must also evaluate the successor trustee to determine if they are eligible to complete the transfer or be in possession (under dominion and control) of a firearm. Many traditional trusts and other so called Gun Trusts do not deal with these issues properly. Firearms Trusts or Gun Trusts from the Gun Trust Lawyer® are designed from the ground up to deal with firearms and related activities.

If you do not have children, a spouse, or others that you want to leave the firearms to, or they happen to predecease you, a charity can be named as the beneficiary. Many of our clients have chosen to name one of the NRA foundations, the Second Amendment Foundation, the NFATCA, or one of the other gun rights organizations as a beneficiary.

Who ever you name, you just need to make sure they are alive or in existence at the time the trust is created. You cannot name future unborn children unless they are named in conjunction with a living person or entity.

For information on the NFA options see theNRA Planned Giving Guide

April 21, 2011

Silencer Shoot 2011 Tickets Available

Advanced Armament Corp. has updated the silencer shoot 2011 page with some lodging information as well as the ability to purchase tickets online. If you are planning on attending let me know. If you are one of the lawyers we work with and need tickets, we have a few available on a first come basis.

April 12, 2011

What Happens With My Gun Trust When I Move to Another State.

Besides dealing with the issues of physically moving the firearms across state lines, which is covered in our Memorandum that comes with the trust in the section entitled What is necessary if I want to take the firearms across state lines or change the location where they are stored?, we are often asked about the effect of moving states on the Gun Trust itself.

Generally moving from one state to another will not require any changes to the trust with the exception of the state of Maine (only if you want to make additional Title II purchases). A validly created Trust in one state, is valid in another state if you move. Depending on the language in the trust, the rules that it references may change or not. Generally our trusts will still reference the original state's laws once you move. This can be changed if you desire but is typically not necessary.

More importantly the ATF looks at the minimum requirements for a valid trust in the state in which it is being used. Our trusts meet the minimum requirements of any state where the items are legal.

The ATF does not understand the concept of a trust being created in one state and used in another state. If you only had a settlors signature and then moved to a state like Florida where two witnesses were required, the ATF would not recognize your trust as valid. Our Copyrighted Gun Trust will be recognized as valid for purchases of additional NFA Firearms in any state where the purchase of those firearms is legal except Maine, which has a strange gun law which requires that a trust be formed in that state to be an eligible purchaser of firearms.

So unless you move to Maine, there is nothing that needs to be done with a trust prepared by a Gun Trust Lawyer® to be used in another state. If the laws of a state change and you need an amendment for some reason or just would like to change your trust to be under the laws of your the new state you live in, we do offer very reasonably priced amendments to change the jurisdiction and language in the trust.

An exception to the above might involve a custom amendment that is created to allow for the minimum requirements under your state laws. This is typically done for dealers who want to rent Title II firearms and easily add and remove trustees on a daily basis.

April 12, 2011

Owning a Machine Gun in California

machine-guns.jpgOne of the Gun Trust Lawyers® we work with in California has written an article on owning a Machine Gun in California which deals with the requirements and process that is involved.

Not only is there a special application for the California Permit but one needs to establish good cause that they have a clear and convincing reason and there is a bona fide market or public necessity for the issuance of the permit. Kevin goes through the 8 valid reasons defined in 11 CCR 4128(b). All of the reasons that would apply to an individual require that you have a valid FFL except for (4) collectors of destructive devices.

Unless you are a police department, branch of the government, in the entertainment industry you will need to come up with a clear and convincing commercial need for the machine gun permit.

If you are interested in owning a Machine Gun in California, it will not be an easy task, but you should discuss your situation with California Gun Trust Lawyer® Kevin Thomason to see if you might qualify for the narrow reasons which are allowable under California Law.

April 12, 2011

Silencer Shoot 2011 - June 4-6 at Tier 1 Group outside Memphis

silencer_shoot_2011.jpg

After a year off, AAC is holding the Silencer Shoot again in Crawfordsville Arkansas (just outside Memphis).

Gun Trust Lawyer® is helping to sponsor the event and raise money for this years charity. While the silencer shoot is not silent, it is a far cry from the noise at Knob Creek. We will be giving away trusts and look forward to meeting many of our new clients. For more information on the event check out AAC's Silencer Shoot 2011 event page.

Remember that even though you do not need a 5320.20 to travel with your silencer across state lines, we recommend getting approval to avoid the unnecessary detention of yourself or firearms while uninformed officers determine that you are rightfully and legally in possession of a silencer.

April 11, 2011

New NFA Gun Trust Brochure Available

We have a new version of our NFA Brochure available to download and review. if you are interested in finding out more about NFA Trusts download the new NFA_Gun_Trust_brochure.pdf.

We would appreciate any feedback on the document.
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If you want to create your own Gun Trust without a lawyer, there is a real online Gun Trust that can be created in less than 10 minutes.

If you want to create a gun trust with the help of a Gun Trust Lawyer® Contact Us to begin the process.

April 11, 2011

Governor of Washinton Signed Silencer Bill into Law

While we had previously speculated that this bill would become law by failure to veto, the Governor actually signed it.

According to the Second Amendment Foundation, Silencers should be legal to shoot 90 days following the end of the 2011 Session. Unless ended earlier, this would mean that you can shoot your silencer legally after July 24th 2011.

It's time to order your silencer if you do not already have one. You could have your Form 4 paperwork approved in time to shoot it legally on the first day.

By the way SAF is a great gun rights organization and brings many of the lawsuits you hear about on a daily basis. If you have not joined it you should. It only costs $15 a year or $150 for a lifetime membership.