Do you need a Gun Trust?January 29, 2016
On January 4, 2016, President Obama signed the final version of a new ATF** rule that directly affects the transfer and manufacture of weapons regulated by the National Firearms Act. That rule, known as the new ATF Rule 41(f) defines the term “responsible person,” as used in reference to an entity like a Gun Trust. It requires responsible persons to complete a specified form and to submit photographs and fingerprints when the trust or legal entity files an application to make an NFA firearm or is listed as the transferee on an application to transfer an NFA firearm. It also requires that a copy of all applications to make or transfer a firearm, and the specified form for responsible persons, as applicable, be forwarded to the chief law enforcement officer (CLEO) of the locality in which the applicant/transferee or responsible person is located.
Despite those changes, a Gun Trust is still without a doubt the best way to legally share the use of NFA weapons with others and to ease the process of legally transferring those weapons in the event of your death or incapacity. Attorney Matthew Oas is ready to meet with you and to custom tailor a Gun Trust that addresses your specific needs. Call today to set up a consultation to discuss the formation of a Gun Trust and to learn more about how it can help to protect you and your loved ones.
** ATF [Bureau of Alcohol, Tobacco, Firearms and Explosives] defines themselves as “a law enforcement agency in the United States’ Department of Justice that protects our communities from violent criminals, criminal organizations, the illegal use and trafficking of firearms, the illegal use and storage of explosives, acts of arson and bombings, acts of terrorism, and the illegal diversion of alcohol and tobacco products”. ATF “… partners with communities, industries, law enforcement, and public safety agencies to safeguard the public we serve through information sharing, training, research and use of technology.”