Funding a trust is a basic concept that is necessary for a trust to be valid. The legal concept is that the trust does not exist if there is nothing in the trust. A Gun Trust can be funded with a firearm, money, or any other asset. Typically a Gun…
We are often asked about the advantages of a Gun Trust by one of our Gun Trust Lawyers® over a LLC. I have compile a quick list of the most common advantages. no federal or state tax or reporting requirements with a trust no annual fees with a trust with…
Recently I received a question from a client that I thought I would share. His dealer questioned the use of the Assignment Sheet because they were not familiar with it and stated that the Gun Store’s lawyer said it was not necessary. ( A full detailed explanation is included in…
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. —— If you want to create your own Gun Trust without a lawyer,…
When you are purchasing a silencer, SBR, SBS, Machine Gun, AOW, or DD from an out of state resident there are two ways of accomplishing the transfer. The first and slower way is to do a Form 4 transfer to a local Class 3 SOT dealer. Once this is approved…
The US Department of Justice today announced that A man in Berlin, Connecticut, was sentenced to 101 months of imprisonment, followed by three years of supervised release, for illegally possessing machine guns, a sawed-off shotgun, silencers, grenades and improvised explosive devices or IEDs. These items are controlled by the National…
We often get questions regarding the use of NFA Trusts in regards to legal challenges to show that they are permitted under the NFA. While there are no successful challenges that stand for the positive or negative use of a NFA Trust, Trusts are not generally denied because the Federal…
Joshua Prince, a Pennsylvania Gun Trust Lawyer®, has an article on his blog talking about using us for Florida Gun Trusts. We also have a network of Gun Trust Lawyer®s in more than 43 states. Mr. Prince is a NFA Firearms owners and really understands the unique issues involved in…
Recently we have begun hearing that the ATF is no longer requiring a Schedule A and/or an Assignment of Assets with a Trust. While we have not been able to verify this with ATF at this time, we would still suggest sending in these documents with your trust for approval.…
We have several Texas NFA Gun Trust Lawyer®s that we work with. While it is not necessary to visit the lawyers office, we have Texas Gun Trust Lawyer®s we work with in Austin, San Antonio, Dallas, Midland, and Houston. If you are talking with a lawyer about a NFA firearms…