When submitting a Form 1 to the ATF for a SBR or SBS with multiple barrel lengths, the ATF will no longer accept a Form 1 with multiple barrel lengths. It is recommended that you submit the ATF Form 1 (5320.1) with a single barrel length for approval. Follow this…
If you have regular firearms and your state allows you to transfer them to an individual without going through a dealer, you can fill out the assignment form that we supply with the NFA firearms trust. On the other hand if your state requires other steps to give or sell…
When filling out a Form 1 for the first time with your NFA trust it can be confusing. With an ATF Form 4, there is typically a dealer involved or someone who has done it before so there are not as many questions. I have created a page on How…
While a trustee needs to sign the Form 4 or Form 1, no additional paperwork is required because a NFA Gun Trust is being used. Other Trustee’s do not need to sign the paperwork, if you are using a properly drafted NFA trust that authorized any Trustee to make the…
According to Mr. Howard, the section chief of the ATF, there is no requirement under the NFA or BATFE to update a modified Trust with the ATF when the people involved are modified. The only time that the ATF must be notified is if one of the Trustees becomes ineligible…
Free NFA Trusts from your dealer – are they worth the paper they are written on, or could you face jail time for relying on bad advise from your dealer? Recently I was contacted by a client who’s gun dealer provides their clients a free Revocable Trust to purchase NFA…
Any current Trustee of the NFA trust may use the firearms. A properly drafted NFA trust will have provisions that make a trustee ineligible to serve if they are disqualified for one of the legal reasons a person cannot be in possession of an Title II firearm under the NFA.
One of the most common questions regarding the formation of a NFA trust is whether it is a good idea to put other firearms or weapons in the trust with the Title II firearms. Generally as long as you would want those items to go to the same beneficiaries, there…
The NFA defines who can own a Title II firearm as a natural person, corporation or trust…. When an individual makes application to own a Title II firearm they are the only person who can be in possession or have access to the firearm. This creates a problem for many…
Often individuals do not have a specific beneficiary in mind when they create a Gun Trust. Many of these people do not want their heirs to receive the firearms or do not have heirs and choose to list NRA. If you are considering listing the NRA as a beneficiary, here…