A Gun Trust is a legal document created to allow the ownership of certain firearms or other item that are regulated by the NFA, the federal law that governs the manufacture, possession and use of certain guns and gun accessories.
A Gun Trust is created by a person referred to as the Grantor.
Once created, the Trust files an application and pays a tax to the ATF to register the NFA regulated firearm. The Gun Trust cannot take ownership of the NFA regulated firearm (or transfer an NFA firearm) prior to the approval of the application by the ATF.
A Gun Trust allows the Grantor of the Trust, as well as those individuals named as Trustees, to lawfully use and possess the NFA regulated firearm (which includes suppressors). Anyone using or possessing an NFA regulated firearm or other item without proper registration with the ATF would be guilty upon conviction of a federal felony.
To create a Gun Trust without an attorney, see Standard Legal’s Gun Trust legal forms software.