The National Firearms Act of 1934 (“NFA”) was enacted in response to the high-profile street battles and mass murders committed by gangs and mobsters in the early 1930’s. Famous crooks like “Baby Face” Nelson, Bonnie & Clyde, John Dillinger and others used Thompsons, Browning Automatic Rifles, and other machine guns, along with sawed-off shotguns and modified pistols and rifles to wreak havoc, making themselves and the weapons they favored feared and infamous. Congress reacted by passing the NFA, giving what would later become the Bureau of Alcohol, Tobacco, Firearms and Explosives (“ATF” or “BATFE”) taxation, regulatory, and criminal enforcement responsibility over the various categories of weapons that were encompassed by the NFA.
A New Hampshire NFA gun trust lawyer understands the complex laws surrounding NFA-regulated firearms. A firearms attorney at Lehmann Major List, PLLC could be a fantastic advocate for your rights.
“Title II” firearms are specific configurations of firearms that are regulated by the National Firearms Act of 1934 (“NFA”), the amendments to the NFA contained in Title II of the Gun Control Act of 1968 (“GCA”), and the Firearms Owners’ Protection Act of 1986 (“FOPA”). Machine guns, Short-Barreled Rifles, Short-Barreled Shotguns, Destructive Devices, Silencers, and “Any Other Weapons” (“AOW’s”) fall under the Title II/NFA regulatory umbrella.
The National Firearms Act of 1934 (“NFA”) created a strict regulatory framework requiring the federal registration of multiple types of firearms and accessories. Machine guns, short-barreled rifles, short-barreled shotguns, sound suppressors and destructive devices each have specific regulatory requirements that must be complied with. Additionally, the NFA contains a category known as “any other weapons” (“AOW”), which can require the registration of firearms that involve unique designs. A violation of the NFA carries the possibility of very serious criminal penalties involving massive fines and prison time. A New Hampshire National Firearms Act trust lawyer can assist you in your understanding of the law to avoid unforeseen liability.
A gun owner creates a gun trust to manage the access and use of their NFA collection of firearms and accessories. It works similarly to a financial trust in that the grantor, or firearm owner, will assign trustees who will be able to access, manage, and use the items in the collection based on stipulations established in the trust’s initial terms agreement. grantor can also list beneficiaries to inherit the trust and its contents upon their death.
Holding an NFA-regulated firearm in a trust offers flexibility in the possession and disposition of NFA firearms that is not otherwise available to individual NFA registrants. Each person who may have access to an NFA-regulated item pursuant to an NFA trust must submit to certain federal requirements. All NFA transfers require the payment of $200 to the federal government for a special tax stamp. Additionally, there are specific forms that must be completed, and each trustee will need to submit:
A New Hampshire NFA gun trust attorney can walk you through each step required to protect your property and protect yourself from criminal liability.
At Lehmann Major List, PLLC, we can help you through this process and make specific recommendations to make it efficient and less tedious.
If you want to acquire an NFA item with a trust, the terms of such an important document should be drafted by a New Hampshire NFA gun trust lawyer to ensure everything is legal and that the process works as you intend. If you want to establish a gun trust, reach out to a firearms attorney at Lehmann Major List, PLLC.