All NFA items must be registered with the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF). Individual owners wishing to purchase an NFA item must obtain approval from the ATF by obtain a signature from the Chief Law Enforcement Officer (CLEO) who is the county sheriff or city or town chief of police, pass an extensive background check to include submitting a photograph and fingerprints, fully register the firearm, receive ATF written permission before taking possession of, or moving the firearm across state lines, and pay a tax. A GUNLOCKER TRUST™ will not allow you to avoid taxes; it does make every other aspect of acquiring, owning, and transferring your NFA firearm much simpler. No CLEO Signature Required
While the ATF requires all individuals to obtain a signature from their CLEO on their ATF from 5320.4 application for a tax-paid transfer and registration of firearm, commonly referred to as a Form 4, many CLEO’s are reluctant, or refuse to sign off on the form either for political or liability reasons. By using a GUNLOCKER TRUST™ you are not required to obtain your CLEO’s approval or signature on your Form 4.
When using a GUNLOCKER TRUST™ to acquire NFA firearms, no fingerprints or photographs are required. This is a cost savings and can also significantly decrease the time required to take possession of the items. Many individuals that submit ATF forms to their CLEO are often concerned about who will have knowledge of their firearms. By using a GUNLOCKER TRUST™ neither the CLEO nor the police are given notice that you will be in possession of, or own the NFA firearm.
Sharing your Firearms
Upon approval by the ATF your Form 4 will be returned to you with a stamp affixed to the forms to indicate approval and tax paid. The stamp is associated with the firearm, and the owner, on the transfer forms. In the case of an individual, the stamp will state that John Smith is the owner of the firearm in question.
Hypo: John Smith is at the range with his Gemtech Tundra when Jack Doe approaches and asks to fire a couple rounds. Jack Doe explains that he is in the market for a new suppressor, and would like to see how the Tundra fires. John Smith obliges, and hands the firearm and suppressor to Jack, who promptly fires a couple rounds.
As the NFA firearm (a suppressor in this case) was registered in John Smiths name, and only his name, by giving possession of the firearm to Jack Doe, they both committed what we referred to as an “Accidental Felony”.
When an NFA firearm is owned by a trust not only does the Trustee have access to the firearm, but the trustee also has the ability to name the following individuals to possess, and fire the NFA firearm:
- A trustee appointed as current or successor trustee;
- A remainder beneficiary named in the trust;
- A person named as a beneficiary by the trustee in writing; and
- A person with whom I am engaged in a firearms-related activity, while so engaged and for the duration of the activity.
In the ever changing political environment your GUNLOCKER TRUST™ will allow you the opportunity to clearly document your ownership and intentions for your firearms. While we cannot guarantee or predict the future of gun laws and gun rights, we can provide a trust that is legally sound and accepted by the ATF here and now.
If you want to learn more about your GUNLOCKER TRUST™ please visit our website and check out other blogs here https://gunlockertrust.wordpress.com/.