Do you have questions regarding Gun Trusts? (continued)
This is a continuation of a series of blog posts that are relating to Gun Trusts and all the issues that surround them. My goal is to answer many common questions regarding Gun Trusts. Here are a few additional questions:
3) NFA Firearms – How Long Does It Take to Register or Transfer my Firearm?
The registration or transfer process takes approximately 1 to 3 months to complete.
4) What laws must a Gun Trust comply with?
A Gun Trust must comply with federal, state and local laws for firearms not to mention state trust laws.
5) What is all involved in purchasing a Title II firearm?
The purchase must be approved by the Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE), you must obtain the signature of the Chief Law Enforcement Officer (unless you purchase through a corporation or a trust), pass an extensive background check to include submitting a photograph and fingerprints, fully register the firearm with BATFE, receive BATFE’s written permission before moving the firearm across state lines, and pay a related tax.
Stay tuned to further questions in regards to Gun Trusts. In the meantime, if you have any further questions, please do not hesitate to contact our estate planning attorney at Wood, Atter & Wolf, P.A. to answer any of your questions.
