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Dean Phillips

ATF Wait times

Form 1 E-filing is Back!

After more than a two-year wait, the ATF has finally restored the use of the Form 1 for electronic submission.This development has raised the hopes of all manufacturing enthusiasts that some much-needed efficiency will start to improve processing times for tax stamps. It has been a long slog for the last two years, with wait …

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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 …

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

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 …

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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 …

Read more41F Update For All NFA Lawyers Clients

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 …

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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 executor …

Read moreShould you put all of your firearms in a gun trust?
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770-900-9175

341 Lawrence Street NE
Marietta, GA 30060

  • Understanding Individual Tax Stamps and NFA Gun Trusts
  • Electronic Fingerprints for NFA Purchases
  • The Role of Co-Trustees in a Gun Trust: Legal Responsibilities & Benefits

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