We often get questions from people about using a regular trust or existing trust that they already have to purchase a suppressor. First a trust or Gun Trust is not required to purchase a suppressor. A suppressor is a Title II firearm, that is sold by a Class III FFL. It can be purchased by an individual, trust, or business entity. Currently, an individuals must obtain a CLEO signature as well as provide fingerprints with the application to purchase a suppressor. Any purchase from an individual, trust, Gun Trust, or business entity must pay a $200 tax stamp and complete an ATF Form 4.
That being said, a Trust or Gun Trust has many other benefits besides the CLEO and fingerprint submission.
- A Gun Trust may submit an application electronically and between 2-6 months in processing.
- The ability to tell your representatives how to properly transfer these firearms upon your death.
- The ability to transfer assets to children, even below the age of 18, when they reach an appropriate age while giving the someone the ability to make distribution decisions based on mental state, physical location, legality of the transfer, and age.
- The ability for the Trustee to refuse assets transferred by will or other means if NFA and state requirements are not complied with.
- Requirement to comply with NFA and State laws for transfer of NFA related assets.
- The ability to make uneven distributions to heirs to conserve value of assets.
- The ability to purchase Title II firearms, without creating a violation of the duties of the trustee.
- The ability to use the firearms in the trust without creating liability to the beneficiaries.
- The instructions and formalities on how to: manufacture items under a Form 1, how to purchase items correctly under a Form 4, how to properly document and transport Title II firearms with a Form 20.
- Protection for yourself and your family from Constructive Possession – a violation of the NFA.
- The ability to add others to your trust at a later time and create additional authorized users of the firearms.
Some Gun Trusts can even be designed to include: