GUN TRUSTS AREN’T DEAD AND HERE’S WHY

Gun trusts are not a dead letter and won’t be for the foreseeable future. The explosive growth in the popularity of suppressors over the last ten or so years led to gun shops and gun trust mills churning out gun trusts by the thousands to get potential buyers around the biggest obstacle to suppressor ownership, the CLEO certification. Now that 41F has removed that obstacle to individual ownership of NFA firearms like suppressors, machine guns, short barrel rifles and shotguns, destructive devices and AOWs, many people are wondering whether a gun trust is still worthwhile. The answer to that question […] Read more

WILL 41F KILL EFORMS?

It appears that ATF is pulling the plug on further development on eForms. If you look at the ATF response on Page 101 of the the copy of the Final Rule released by the Justice Department on January 4 it appears that the ATF does not currently have the ability to utilize electronic fingerprint technology.

Because submission of either a Form 1 or a Form 4 will require submission of fingerprints beginning on July 13, 2016 when Rule 41F takes effect it appears that eforms will not be able to be used once that happens.

ATF could develop the technology to utilize electronic […] Read more

THE IMPACT OF ATF RULE 41F AND GUN TRUSTS

THE IMPACT OF ATF RULE 41F AND GUN TRUSTS

 

WHO IS AFFECTED?
ATF Rule 41 F applies to both individuals and legal entities like trusts and corporations who attempt to obtain NFA firearms like Silencers, Machine Guns, Short Barrel Rifles, etc.

 

WHAT IS GOING TO CHANGE?
The forms and supporting documentation that must submitted to ATF for an application to make or transfer an NFA firearm is going to change. Here is the breakdown on what is currently required and what will be required for new applications after the new rule takes effect.

The new rule creates a new category of person called a Responsible […] Read more