Do You Need a Gun Trust?
If you currently possess or are looking to acquire any Title II weapons (Class III), also known as NFA (National Firearms Act) controlled firearms, you need a gun trust to protect both yourself and your family from any unintended, felonious violations of the law.
Know the Law
Individuals with Title II licenses may not loan, gift, or otherwise permit any person other than themselves to possess or use a Title II firearm which they are licensed to own. Such permission and use constitutes a federal felony. Failure to comply with laws regulating Title II firearms can result in conviction and a fine of up to $250,000 and 10 years in prison, confiscation of all firearms, and loss of the right to own firearms in the future.
The six (6) distinct types of NFA controlled firearms are the following:
- Machine Guns – any firearm which fires more than one (1) round for each individual pull of the trigger.
- Short Barreled Rifles (SBR) – Rifles with barrels less than 16″.
- Short Barreled Shotguns (SBS) – Shotguns with barrels less than 18”.
- Silencers (Suppressors)
- Any Other Weapon (AOW) – These are usually firearms and accessories that don’t fall into a category above. Examples include wallet holsters and pen guns.
What is a Gun Trust?
Understanding Gun Trusts requires a working knowledge of Trusts in general and how they operate. A Trust is an arrangement under which one individual referred to as a “Trustmaker,” transfers property to another individual or entity referred to as a “Trustee,” who in turn holds legal title to property for another individual called a “Beneficiary.” Arkansas law allows Trustmakers to be the Trustee of their own Trust, keeping full control over all property held in the Trust. A Gun Trust is a type of Trust that is set up to hold legal title over firearms and provide for their distribution upon the death of the Trustmaker. Today more than ever the hunter and recreational gun owner needs to understand the legal aspects of owning a gun and the other devices used with firearms. As Arkansas gun trust lawyers, we can help you understand how to protect yourself and your family so that owning firearms can be an enjoyable and worry free experience. If you own certain types of firearms or firearms related devices, a gun trust is critical.
Get the Right Information
As Arkansas gun trust lawyers, we stay on the cutting edge of the law that impacts the ownership and use of firearms. You can count on us to make sure you are totally protected.
National Rifle Association
National Rifle Association is the most powerful voice for gun owners in the United States. They are also a great resource on the rights of gun owners and legal issues relating to firearms ownership.
ILP + The Book
It is possible to protect yourself, your family and your business or professional practice from the real threats that keep you up at night. The law provides more and better solutions than ever before in history. In this book, Stan explains in clear, understandable language how these powerful solutions can be deployed to protect what you have earned and built.
Available Early Summer 2017
ILP + The Webinar
In this 9 minute webinar, Stan explains how to avoid probate and protect your heirs with a revocable living trust. You will learn how to protect your loved ones what many consider to be an expensive, lengthy, and unnecessary court process. You will also learn what a living trust is and why having a living trust will protect your children, grandchildren and other heirs.