NFA Gun Trust

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An NFA trust is a legal instrument which must be properly drafted to be valid. It is an estate planning tool which can be used to acquire NFA (Title II) firearms, suppressors and destructive devices. The trust instrument is usually a revocable trust which can be changed or modified at any time before the maker’s death. This form provides flexibility. Trustees or beneficiaries can be added or deleted. Property can be transferred to or from the Trust. Such transfers must be documented in writing. A gun trust may own many NFA items. There is no need to set up a separate trust for each NFA item acquired. NFA items are transferred into the trust by means of an ATF Form 4. Non-NFA item such as paintings, collectables, rifles, pistols and shotguns are transferred to or from the trust by means of a bill of sale. The Form 4 and bill of sale document the transfers of property to and from the trust. This is very important as the Trustee who eventually distributes the trust assets upon its termination needs to know what the trust owns at a time when there is no one left alive to ask. It is these documents which provide a legal chain of title and evidence of ownership in the Trust. For more info, go to: http://northcarolinaguntrust.com

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