41P and Gun trust

Two Years After 41F, Are Gun Trusts Still Worth It?

In the waning days of the Obama administration, then-Attorney General Loretta Lynch signed a controversial rule with a long-winded title. Rule 41F, or “The Machine Guns, Destructive Devices and Certain Other Firearms; Background Checks for Responsible Persons of a gun Trust or Legal Entity with Respect to Making or Transferring a Firearm” rule, made gun […]

New Gun Trust Rules – 41F

As many of you are aware, there are new procedures for submitting Form 1 and Form 4 applications as of July 15, 2016. Now that the dust settled we can discuss exactly what those new procedures are for our gun trust clients. I cannot speak for trusts drafted by other law firms so this post […]

41F Update For All NFA Lawyers Clients

Since July 13, 2016, the ATF requires fingerprints, pictures, and a law enforcement notification for all NFA applications. Only you, the creator (settlor) of the trust, must comply with these requirements if you follow the instructions below. The amendment and instructions below apply only to trusts drafted by NFA Lawyers, LLC. – Download and complete […]

checking account for gun trust

The myth of bank accounts for gun trusts

It is a common misconception that you need a bank account for a gun trust. This cannot be further from the truth. In fact, I highly recommend against setting up a bank account for your gun trust. Then, why do we hear so many people speak about bank accounts? Approximately 10 years ago, when gun […]

Should you put all of your firearms in a gun trust?

It is a great idea to put all of your firearms into a gun trust, not just NFA weapons. The reasons being as follows. First, trust property does not go through probate court. What does this mean? Whenever you pass away, whether with or without a will, your estate must be probated. This means an […]

ATF 41P Update

ATF 41P Update As most of you are aware, the ATF released a final ruling on 41P January 4, 2016. This final regulation is called 41F. The P stood for proposed, F for final. The implementation date for 41F is July 13, 2016. That means any applications for NFA weapons submitted July 12 are not […]

41P Obama administration and the ATF

Final Ruling ATF 41P

NFA Lawyers’ Initial Review of Final Ruling ATF 41P The BATFE and Attorney General finalized proposed regulation 41P on January 4, 2016. A link to same can be found at https://www.atf.gov/file/100896/download. As many of you are aware, this regulation impacts gun trusts. This initial review provides an overview of what those key changes are. This […]

How do you execute a gun trust

How do you execute your gun trust? We have a lot of clients ask, “How do I initiate my gun trust after receiving it from you?” In other words, how do I put the trust into effect? This procedure is called executing the trust. A gun trust becomes valid only after it is properly executed. […]

How can I purchase a suppressor?

Purchasing a suppressor can be as easy as purchasing a new firearm. The main drawbacks are paperwork and wait time. Many people are under the impression that suppressors are illegal to own. However, this could not be further from the truth. Generally the wait time varies, but it is running about 8-10 months currently. Is it […]