So, What is a Gun Trust Anyway?
Lately we have had an increasing number of people inquire about gun trusts. Part of this stems from new regulations that go into effect later this year and the rush to get a gun trust in place prior to the effective date. I thought I would take a moment today to provide some general information about gun trusts and their purpose. NFA Firearms (also called Title II Firearms) are guns and other items regulated by the National Firearms Act (the “NFA”). Currently, the National Firearms Act (NFA) regulates the possession, sale, use and transfer of many types of firearms and paraphernalia. This includes machine guns, short-barreled shotguns and rifles, silencers, destructive devices, and other items. In addition to federal laws, local and state laws also regulate the transfer, possession (even temporary possession), and registration of certain guns. In many instances your intent is irrelevant to your criminal culpability if you violate the law. A gun trust is a separate trust, apart from any other trust you may have that can make it easier to share and transfer your guns while preventing the accidental violation of state and federal law. If you own NFA Firearms please contact us to discuss whether a gun trust would be of benefit to you.