Often I am asked if there are annual fees associated with a NFA Firearms trust.  In most states, there is no registration of a Firearms trust and because it is revocable there are no tax returns or governmental fees associated with the yearly maintenance of the NFA trust.  This is one of the major benefits of using a NFA trust over a Corporation or LLC to purchase class III firearms.

NFA TRUST FORMATION is a process of creating a Trust for the specific purpose of Purchasing Class III firearms and  transferring Class III firearms.  A NFA TRUST is specifically created to comply with the TItle II requirements in dealing with Class 3 firearms.  Class 3 Firearms are items regulated by the National Firearms Act ( NFA) and are typically sound suppressors, silencers, short-barreled shotguns or shotguns, and machine guns.

Most NFA Trusts are formed to bypass a CLEO signature, but there are many additional advantages to purchasing class 3 firearms with a NFA Firearms Trust.  These include dealing with issues of constructive possession, transfer of the assets upon death, and avoiding many of the improper purchases and transfers that contain criminal penalties.

NFA trusts are private, no one knows about them unless you disclose the information
Multiple people can be in possession or use the NFA class 3 firearms.
You can protect your spouse from potential criminal liability that is associated with individual ownership.
No CLEO sign off is required, no fingerprints
The time to acquire items is significantly reduced

There are no yearly state or federal filing fees associated with a NFA trust.  We recommend opening a bank account at a bank that has no fees to keep the costs lower.  If the Trustee and the Beneficiary are different people the trusts require an annual Accounting. – A listing of the assets and their values

You may use your NFA Firearms/Gun Trust to purchase items in the future.  Assuming you are in a state that allows the purchase of the items you desire, you may use your firearms trust to purchase additional items without creating a new trust.

You can purchase items this year, next year and in the future with a NFA trust as there are no limits to the number of items that the trust can contain or purchase.

Only the ATF and those you choose to tell will know about your NFA Gun Trust.  Like most revocable trusts they are not kept on file in most states so there is publicly available information on who created, manages, benefits from or what is contained in the trust.

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A NFA Gun Trust client of mine sent me this today and though some of you might enjoy it.

Updated 12/9/2008
After receiving many inquiries as to where this T-Shirt can be purchased I decided to search the web and found a link you can use.

I have decided to begin to show some of the more interesting NFA Firearms my clients have acquired or transferred using a Gun Trust.  Below is a German Light Panzer Machine Gun.

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If you have a unique class 3 items in your possession and would like us to post a picture of it, please Contact me.
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