NFA Gun Trust

Legal Ownership of Title II Firearms

The National Firearms Act (NFA) has special requirements for the ownership of Title II firearms, which include machine guns, suppressors, short-barreled shotguns, short-barreled rifles, destructive devices, and “any other weapon.” There are different options available to those interested in purchasing a Title II firearm, including purchasing as an individual, through a trust or through a business entity such as a corporation or limited liability company.

Benefits of an NFA Gun Trust

Of the available options, an NFA Gun Trust provides the most flexibility for owners. An NFA Gun Trust provides a means to protect owners of Title II weapons from inadvertent or constructive violation of the NFA, which regulates the transfer, possession, and ownership of Title II firearms. The repercussions for violation of the NFA are quite serious, and can include:

A fine of up to $250,000
Ten (10) years imprisonment
Forfeiture of the weapon, as well as any vessel, vehicle, or aircraft used to conceal or convey the firearm

A NFA Gun Trust is a legal instrument that provides Title II firearms collectors with certain estate planning benefits while also setting forth who will use, possess and maintain the firearms and for whose benefit they will be so maintained.

Gun trusts have many benefits beyond those offered by other ownership options, including:

Legal entity owner of record in the NFA Registry
Multiple generation planning that is not subject to probate court proceedings
Continuity of Ownership upon incapacitation or death
Several authorized users may be designated
Confidentiality and privacy in the ownership of the NFA assets