Mostly because of the partial government shutdown, the holiday hangover lasted a bit longer this year. But now that it is mid-January, things are coming back to life in Washington. The euphemistically-named “funding lapse” has had a bit of a ripple effect as well. Many other public and private entities took a little longer to […]
Gun Trusts in Light of the Latest Federal Court Restrictions on Gun Rights
The gradual erosion of firearms possession rights continued in recent decisions from two of the highest courts in the country. In Gould v. Morgan, the First Circuit Unanimously upheld Massachusetts’ extremely strict gun control law. This law restricts street possession to individuals who have a “good reason” to feel threatened. That usually means a specific […]
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 […]
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 […]
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 […]
Do I have to engrave the short barrel rifle or suppressor I made?
Do I have to engrave the short barrel rifle or suppressor I made? Gun forums are rife with debate on whether you must engrave your trust name, city, and state on a NFA weapon you make. Some non-lawyer industry professionals are even under the impression that you do not need to engrave. This article is […]
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 […]