Occasionally, one of my NFA gun trust clients asks whether he and one or more of his friends or relatives can set up an NFA gun trust in which they can each contribute NFA firearms into the same gun trust. Unless the client is referring to a spouse, I generally recommend against it because it confuses the concept of ownership with the concept of possession.
Monthly Archives: April 2013
To Schedule A or Not to Schedule A, That is the Question.
Occasionally, NFA gun trust clients tell me that they have read on the Internet or heard from a Class III dealer that an ATF Form 4 (transfer) application or Form 1 (manufacture) application will be rejected by the ATF examiner if the NFA gun trust does not include a “Schedule A.” This is only partially correct. Continue Reading
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