What is a Gun Trust?

Firearms are special tools.  We use them for sport, protection, to collect, to display, and even for investment purposes.  A purpose-built GUNLOCKER TRUST™ helps safeguard you from the risks associated with owning and transferring firearms to others such as your beneficiaries.  GUNLOCKER TRUST™ protects your privacy, property, family and friends.

A GUNLOCKER TRUST™ is a revocable living trust (RLT) specifically written to own guns.  Revocable living trusts are commonly used for estate plans, while a GUNLOCKER TRUST™ is specifically written for firearms with detailed instructions about how trust assets will be used and for whom. You can change it when you want, and you can share on your terms.

Gun Trusts are commonly referred to as “NFA Trusts”.  NFA is shorthand for the National Firearms act, passed in 1934.  Weapons that are regulated under the NFA are; Machine guns, Short-barreled Rifles and Shotguns, Silencer/Suppressors, and Destructive Devices (Grenades, explosives, etc).  Transfer of NFA firearms are registered and regulated by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF).  Under the NFA you can lawfully own NFA firearms, as long as they are permitted under your state law.

Your GUNLOCKER TRUST™ operates like a revocable living trust.  You appoint a Trustee (often yourself) who is given power to administer trust assets on behalf of your beneficiaries, all of which is stated in your document. You can design it for anyone, including yourself, and you can be the Trustee and beneficiary, too.  The trust is “funded” with firearms and accessories so that the trust owns them. We use several types of legal transfer forms, generally an assignment or bill of sale.

A purpose-built GUNLOCKER TRUST™ helps safeguard you from the risks associated with owning and transferring firearms to others such as your beneficiaries.  GUNLOCKER TRUST™ protects your privacy, property, family and friends. An improperly drafted gun trust creates serious problems. Such trusts include the “free” or do-it-yourself trusts that can be downloaded from the internet or acquired from a local gun shop. The only attraction is “price”. Most, if not all such trusts are SILENT about compliance with gun laws.  An invalid or noncompliant trust risks firearms confiscation or even commission of an “accidental felony.” This can occur when you innocently “share” treasured but regulated (NFA) firearms with your family or friends. Penalties are severe with up to ten years in prison as well as fines up to $250,000 or more for conviction under the NFA.

Gun rights and owning guns are important to you.  You store them safely.  You use them safely.  Let us help you own, share, and transfer them safely.  GUNLOCKER TRUST™ is a trust system designed to help you avoid legal hassles now, hassles if you become disabled or die, and the likelihood of an “accidental felony” due to unlawful sharing, gifting, or selling a firearm.

If you want to learn more about your GUNLOCKER TRUST™ please visit our website (www.gunlockertrust.com) and read our follow up blog “Why do I need a Gun Trust?” and other blogs here https://gunlockertrust.wordpress.com/.