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In most states, we encourage clients to use their Arsenal Gun Trust for their entire gun collection, including magazines and ammunition. The Trust could provide privacy and security during inheritance, and the Trust might allow legal possession of restricted firearms-related items by people properly named in the Trust.
These concerns could apply to high capacity magazines. Some states have already banned large magazines. Arsenal Attorneys helps clients document ownership of magazines to help them avoid the legal problems a ban could create. In the event of a ban on the transfer of magazines, it would become important to document ownership of magazines and the date they were accquired them. Because magazines are generic, you could identify them in your records by creating a unique serial number to use in marking each magazine.
Practically speaking, we've marked magazines using a hand engraver, and we've often asked our local gunsmith to laser engrave magazines for the sake of legibility and aesthetics. We're posting a video demonstration of Jeff May of US Tactical in Oakton, Virginia using his laser engraver to mark a polymer magazine with a serial number we created.
In conclusion, we provide clients individual guidance in these matters because not all states' laws are the same, and we believe only a specially designed trust like the Arsenal Gun Trust should be used in the manner described above. Other trusts lack important protections for you privacy and security. Contact Arsenal Attorneys to learn more.
Each day we advise new and existing clients about the importance of creating and using an Arsenal Gun Trust now before threatened gun control restrictions could one day take effect, if ever. To inform the public, we will be posting a series of 'myth-busting' commentaries becuase we're concerned about false information that could lead people to abandon plans to own NFA firearms without reason. NFA (National Firearms Act) firearms include silencers, short barreled rifles and machine guns.
Our first installment concerns a rumor claiming that any person owning or possessing NFA firearms surrenders their Constitutional rights protecting them from government searches.
While gun dealers are subject to unannounced inspections by BATFE for NFA firearms, civilian owners of NFA firearms, including trusts, are not.
The rumor probably arose from confusion about Class 3 licenses. Unfortunately many people incorrectly believe that any person who owns NFA firearms must have a 'Class 3 license.' That's not true. Only a gun dealer needs to have a Class 3 license. More accurately, Federal Firearms Licensees (FFLs) pay a Special Occupational Tax (SOT) to deal commercially in NFA firearms. BATFE may conduct a surprise inspection of such gun dealers once a year during business hours.
An article by the Colorado-based Rocky Mountain Gun Owners explains the distinction between how an FFL/SOT is subject to BATFE searches while private citizens are not. I’ve provided an excerpt below:
As to one who is neither a FFL nor SOT, but only owns weapons regulated under the National Firearms Act, ATF may only compel you to show an agent upon request the registration paperwork, that is the Form 1, 2, 3, 4, 5 or whatever else might have been used to register the weapon. See 26 U.S.C. sec. 5841(e). They do not have any right to compel you to produce the weapon. As always the Fourth amendment applies, and ATF may not enter your home or other place of storage of the NFA weapon, nor seize the weapon, without a warrant, or without falling under an exception the Supreme Court has created to the operation of the Fourth amendment, or without your consent.
Arsenal Attorneys offers the Arsenal Gun Trust to help you own NFA firearms lawfully and safely. Our solution is based on your personal situation and state law. We helps clients maintain control over their firearms, reduce the legal risk and stress of handling NFA firearms, and create a firearms estate plan for your entire gun collection–all of which are benefits of the Arsenal Gun Trust.
As the end of the year approaches, now is a good time to review and update your estate planning. Here's a checklist we recommend:
Midnight last night brought the end of the comment period for ATF 41P, the Obama Administration's proposal re the use of entities to register firearms regulated by the National Firearms Act (NFA), such as silencers, short barrel rifles, machine guns, etc. Over 9,000 comments were posted, and we haven't yet to see any of them supporting the proposal.
You can find on our website a sample of a completed ATF Form 5320.1, otherwise known as Form 1.
Want to transfer an NFA firearm? If you want to buy a silencer, short barrel rifle or shotgun, machine gun or other legally transferable firearms regulated by the National Firearm Act ('NFA'), you'll need to complete ATF Form 5320.4, otherwise known as the 'Form 4'.
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.