Sunday, December 30, 2012

Anyone looking at NFA gun trusts?

If by some miracle the Democrats manage to push through Feinstein's semi-auto gun ban, how many current owners have considered putting their existing arms in an NFA gun trust?

How many gun owners even know the trust entity exists?

James Wesley, Rawles' dealt with the topic earlier this year:
Gun trusts use estate planning law to deal with, and in some cases legally circumvent, arcane and restrictive federal laws that regulate the use and possession of certain types of firearms. 
A trust creates a legal entity to register and own a restricted gun, and creates a pool of individuals who legally have access to the firearm.  A Jacksonville, Florida law firm has this on its site:
NFA gun trusts have become popular in recent years as an alternative to individual registration because of the flexibility they offer after the firearm is purchase as well as not requiring the photos, fingerprints, or CLEO signature.
There other sites from other firms on the Internet. If you're a gun owner of a weapon that has potential to be restricted under an NFA expansion, it's probably a good idea to at least be aware of some of your legal options.

This appears to be a very specialized area of law. While I have no personal experience with these trusts, if someone decides to go the trust route, I suspect it's best to use an experienced attorney who specializes in them.

No comments:

Post a Comment