NFA Firearms Trust

 
Overview

The National Firearms Act was enacted in 1934. It has tax provisions and contains registration requirements for certain weapons and devices. (NFA items)

Online legal services NFA firearms Trust An NFA trust is a legal instrument which can be set up to take ownership of NFA items. e-Lawyer attorneys draft revocable trusts for this purpose. The trust allows for addition and removal of NFA items from the trust and allows the flexibility for trustees and beneficiaries to be changed. Such trusts can also hold non-NFA items which might have other estate planning benefits.
Advantages of NFA Trust

Trust ownership of NFA items has several advantages over individual ownership including:

  • No requirement for Chief Law Enforcement Officer (CLEO) to sign off on NFA documents.
  • Any of the trustees of the trust may possess NFA items owned by the trust.
  • Fingerprints and photographs are not required to be submitted with the NFA transfer request.
  • Trusts can continue after the death of the individuals creating them.

Only an attorney can provide the legal advice and assistance required to lawfully create and administer a valid NFA trust. e-Lawyer attorneys have the knowledge, skill and experience to represent clients in this very specialized, often confusing technical legal area.

 
 
 
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