Tuesday, 28 March 2017 00:00

Frequently Asked Questions About Gun Trusts

JAC 5758 2We wanted to address the most frequently asked questions we receive concerning gun trusts. This information will be useful to a variety of people, especially if you're considering an Arsenal Gun Trust, if you're already an Arsenal Attorneys client, or if you need help with a gun trust you obtained elsewhere. Below, we'll address amendments to trusts, what to do if you're moving, how to register new NFA firearms under the new '41F' rules, and how to use a restatement to make a complete revision of your trust using our new Arsenal Gun Trust design--even if you're not already an Arsenal Attorneys client.

Amendments. We often receive requests for help with amendments to gun trusts. We're happy to help prepare such documents. Common reasons for amendments include a move, a birth, a marriage, a divorce, a death--or any other major life change that could change your wishes about who may possess and/or inherit your firearms.

Moving. Amendments most often come to mind when people move. If you move, you should make a written statement identifying your new address as the 'place of administration' of your trust. You should also submit ATF Form 5320.20 as required to report your new residence as the location where your NFA firearms are now located. Ignore the fact this form's title refers to interstate travel because it should also be used for permanent relocations, even inside the same state. You may handle these matters yourself, or we're happy to help you. We believe a cost-effective and preferred solution is a 'restatement' per below.

Registering New NFA Firearms. If you wish to register a new NFA firearm, the '41F' regulations would likely require the fingerprints and photographs of other people in your trust. Since late January 2016 our Arsenal Gun Trust has used a new design to minimize the impact of 41F so only you need to provide fingerprints and photographs. Of course, you'll still want to use a trust so that others may have possession of your trust's NFA firearms and your beneficiaries may inherit the trust's NFA firearms without fingerprints, photographs, and a new tax stamp.

Restatement. Instead of an amendment to add/remove people or update an address, and to obtain our new Arsenal Gun Trust before your next NFA registration, we recommend a 'restatement.' It's a complete revision of your existing trust using the new design of the Arsenal Gun Trust we launched in late January 2016. This is available to existing clients at a discount, and we can prepare a restatement for people who obtained a trust elsewhere. If you're not already an Arsenal Attorneys client, a restatement would establish an attorney-client relationship so you enjoy our services and support. These relationships have provided peace of mind to people who previously felt uneasy about the DIY trust they created without the help of a qualified attorney.

Turnkey Package. Our popular Arsenal Gun Trust 'Turnkey Package' is pictured above. This kit organizes your Arsenal Gun Trust documents, and it can serve as the primary filing system for all documents related to your life as a gun owner. In this custom binder system you'll find tabs organizing your trust documents, amendments, tax stamps, receipts, warranties, training certifications, concealed carry documents, hunting licenses, and more. We also include LokSak tactical document bags to protect the trust and tax stamp documents you must store with your NFA firearms. Contact us if you'd like us to prepare a Turnkey Package for you. It will help simplify your life, and in an emergency your successors and beneficiaries will know they can find your important firearms records in your binder.

Contact us to discuss your questions or needs related to gun trusts and NFA firearms. And remember, we can help you with estate planning, business matters, civil litigation, criminal defense, administrative law, personal injury and much more.

Read 3281 times Last modified on Tuesday, 28 March 2017 09:40
Arsenal Attorneys

Arsenal Attorneys is a nationwide law practice with offices in Fairfax, Virginia near Washington, DC and in Rocklin, California near Sacramento. We serve large and small clients, often remotely. Depending on the client's location, our services include estate planning, civil litigation, criminal defense, business law, landlord-tenant disputes, real estate, and firearms regulations. Our team of attorneys is licensed to serve clients in over 30 states. Contact us today to discuss your goals.

 

 

 

 

arsenalattorneys.com
How Can We Help You?
Please type your full name.
Please type your full name.
Invalid email address.
Invalid email address.
Please type your phone number
Please type your phone number
Invalid Input
Invalid Input
Invalid Input
By clicking “submit", you agree to our Privacy Policy
Invalid Input

Avvo - Rate your Lawyer. Get Free Legal Advice. 9.1Matthew John Bergstrom Matthew John BergstromClients’ ChoiceAward 2014 Matthew John BergstromReviewsout of 16 reviews


CONTACT OUR FIRM

 
Please type your full name.
Please type your full name.
Invalid email address.
Invalid email address.
Please type your phone number
Please type your phone number
Invalid Input
Invalid Input
Invalid Input
Invalid Input

By clicking “submit", you agree to our Privacy Policy

 

 

 

CONTACT US TODAY

Arsenal Attorneys is committed to answering your questions about estate planning, firearms, business law, litigation, and criminal defense issues.

We'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.

LOCATION

4000 Legato Road
Suite 1100
Fairfax, VA 22033
800.819.0608