Changes Coming to Gun Trusts, Get Yours NOW
Major changes to the process for creating a gun trust have been proposed by the ATF and are highly likely to go into effect either later this year or early next year.
Firearms trusts offer individuals and families many protections for both acquiring NFA weapons and for the seamless transfer of the weapons to their heirs. The proposed changes to the trusts include requiring both trustees and beneficiaries (regardless of age) to be fingerprinted and undergo background checks. The changes will also require Chief Law Enforcement Officer (CLEO) sign off. Typically, the CLEO in your area is the local sheriff. With so many sheriffs hostile to gun ownership, their is legitimate fear that they will never sign off on the trusts thus effectively killing this legal vehicle for gun ownership and transfer.
If you have an existing trust, you will not have to do anything with the weapons in the trust, but for any new acquisitions you will be subject to the new rules. According to ATF general counsel, trusts pending review before the rule goes in to effect with be grandfathered in and will not have to go through the onerous provisions of the new rule.
If you have been thinking about obtaining a gun trust and have been putting it off, NOW IS THE TIME TO DO IT! Contact me today.
Keep in mind that even after the trust is submitted to ATF it takes about 6-8 months for final approval.