NFA Gun Trust
What is a NFA Gun Trust?
It is the legal ownership, transfer, and possession of NFA Firearms in most states including Silencers (Suppressors), Short Barreled Riffles, Short Barreled Shot Guns, Pre-1986 Machine Guns, Destructive Devices and any other Weapon-“AOW’s”. Like a regular trust, property in a gun trust is held by one party for the benefit of another. Therefore, a gun trust helps your loved ones inherit your firearms safely, lawfully, and privately.
Having a gun trust is especially important when dealing with certain firearms regulated by the National Firearms Act (“NFA”). Firearms that are regulated by the NFA are often referred to as Title II or Class 3 weapons. These types of weapons include silencers and suppressors, short-barreled rifles and shotguns, and machine guns (full automatic weapons).
Manage Risk of Handling NFA Guns
According to the NFA Firearms Act, you would be in violation of federal law if another person knowingly has the potential to access or control any of your NFA firearms. Consider the following scenarios:
- A friend or family member comes into accidental possession of one at these restricted items.
- A friend or relative stores your NFA guns for you during your military deployment.
- While on a hunting trip, you stay at your parent’s cabin and leave your NFA guns there.
- After target practice, you forget and accidentally leave your NFA guns in your friends or family member’s car or even your spouse’s car.
All of these situations run the risk of violating the National Firearms Act. The maximum penalties include:
- Up to 10 years in jail.
- Up to $250,000 in fines.
- The confiscation of your NFA guns.
Having a gun trust is the ideal risk management solution for these situations. Individuals who are named in your trust may lawfully handle your NFA firearms, avoiding the potential legal problems that may arise in situations where the weapons are used in an emergency or at your convenience.
Click here, if you want to schedule an appointment to set up a NFA Gun Trust.