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.
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.
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.