Over the last week, we have had many people asking as series of questions. The have primarily been questions like the following
- What is status of my current Gun Trust?
- Is ATF eliminating Gun Trusts?
- What would happened to my current Form 1 and Form 4 applications that are in process?
- Should I form a Gun Trust now given the recent proposal by the ATF?
- Should I put my regular firearms in my Gun Trust?
This blog will address Gun Trusts and their current use as well as if the ATF implemented the changes as outlined in their Proposal. While we feel that it is unlikely that the ATF will implement everything suggested in their proposal we will use this as a worst case.
What is status of my current Gun Trust?