Tuesday, April 13, 2010

What is a gun trust?

A gun trust is sometimes referred to as an NFA trust, Class III trust, or firearm trust. You can utilize a gun trust to deal with the difficulty that many individuals have in trying to get a law enforcement certification that is necessary to purchase or carry a NFA, or class III item. A class III item can include many different types of items, but the more common ones include firearms, and silencers.

The gun trust is one of the few mechanisms currently available so you can avoid having to get a law enforcement certification. Many of our clients have tried to get the certification, but end up coming to our law firm for a gun trust, because the certification can be quite difficult to get. A trust is an instrument by which you can have certain specified items held in it, by an entity or individual who manages the items, for the benefit of your named beneficiary. The beneficiary is an individual who will receive the item at a date certain specified by you.

A properly drafted trust is important for a number of reasons, but when you are talking about NFA firearms, probably the most important reason is to understand possession issues that can result in criminal prosecution. We highly recommended, if you are interested in a gun trust, to make sure an attorney prepares the gun trust for you, whether it be our firm or your personal attorney. The attorney must understand the specific terms that are necessary for a properly drafted gun trust.

Posted by: The Davis Basta Law Firm, P.A., http://www.davisbastalaw.com/, a law firm located in Palm Harbor, Florida, which prepares firearm trusts for individuals throughout the State of Florida. http://www.floridaguntrust.com/

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