A gun trust is used to acquire, own, transfer and bequeath weapons. There are classes of individuals who cannot own a weapon. Contact the Law Office of Todd A. Wilson for any gun trust service you require.
If you give your gun to one of these classes of people (or your will administrator does so), you’ll commit an accidental felony. Those who are prohibited by federal and state laws from possessing a gun include:
You need a gun trust to legally purchase and own any Title II/Class 3 firearm subject to the National Firearms Act (NFA). The list of firearms includes silencers, fully automatic guns, short-barreled rifles, and short-barreled shotguns.
In most States, it’s legal to own a NFA firearm but this is strictly regulated by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE aka ATF). The Gun Trust is sent along with the ATF application form to the ATF.
The ATF, upon approval, issues a certified copy of the application along with a tax stamp. If you want your ATF approved, call us at 512-827-9212. We offer FREE consultations and you can schedule your appointments online.
Like all other trusts, the creator (grantor) of the gun trust will have to choose a trustee to manage the trust along with a beneficiary who’ll finally receive the assets of the trust. The grantor can also act as a trustee.
After the gun trust is created, you can open a corresponding bank account to allow for the purchase of NFA firearms. Even if you purchase a Title II gun individually, you still have to apply to the BATFE, just as when you purchase through the gun trust.
However, you can legally share the weapon with others only when you purchase through a gun trust. But if you own a weapon individually, you are not allowed to share it with anybody, including family, hunting buddies, and range companions.
There are 3 types of Gun Trusts:
If you handover your firearm to a ‘prohibited person’, you could commit a felony. In some conditions, loaning, gifting or sharing a particular firearm is even considered a crime that can result in hefty fines or conviction.
These are some of the concerns that you should be aware of when you own a gun as an asset. That’s why it’s important for every gun owner to stay informed of all these complex and evolving gun laws.
Staying unaware of the law is considered as ‘accidental felony’. But if you possess an NFA firearm, passing them on to others involve risk. Whether you use it in your home or at the range, sharing NFA firearms can lead you to trouble.
Before you get your personal firearm, you should consider the following:
Very few gun owners and attorneys are fully aware of these risks. Most of them don’t know how to avoid such serious legal consequences. If firearms are part of your life, visit us today at 401 Congress Avenue, Suite 1540 and discuss these laws.