Category Archives: NFA Trusts

Currently machine guns cannot be registered to trusts in Virginia

** There is an update to this article ** In December of last year, I received several calls from NFA dealers who had been told by ATF employees that there was a change upcoming regarding the use of trusts to … Continue reading

Posted in AG Opinions, Estate Planning, Form 4, Form 5, Machine Guns, NFA Trusts, Virginia Law | Comments Off on Currently machine guns cannot be registered to trusts in Virginia

Will my beneficiaries have to pay a transfer tax when my NFA trust distributes my assets?

The short answer is “No. At least not currently.”  But that qualifier is an important part of the answer. Currently the ATF allows transfers of NFA items to devisees, heirs, or specified beneficiaries to be tax-free via a Form 5. The … Continue reading

Posted in ATF, BATFE, Estate Planning, Form 5, NFA Trusts | Comments Off on Will my beneficiaries have to pay a transfer tax when my NFA trust distributes my assets?

We have an update on the ATF’s proposed NFA trust rule changes

Last week, the board of the American Silencer Association (ASA) met with the NFA branch to get an update on the status of the proposed rule change regarding the use of trusts to acquire NFA items. As you may recall, the … Continue reading

Posted in 41P, ATF, BATFE, Form 1, Form 4, Machine Guns, NFA Trusts, Regulatory Rulemaking, SBR, Short Barreled Rifles, Short Barreled Shotguns | Comments Off on We have an update on the ATF’s proposed NFA trust rule changes

Can I change the name of my NFA trust?

Recently I was contacted by a client who had, in years past, used a software package to make his own NFA trust. He had successfully registered several suppressors using the trust but had run into trouble when he decided that … Continue reading

Posted in ATF, BATFE, Form 1, NFA Trusts, SBR | Comments Off on Can I change the name of my NFA trust?

ATF eForms offer significantly improved wait times

As more and more people join the ranks of NFA collectors, wait times for paper applications have increased significantly. But with the advent of ATF eForms there is hope! One of my clients submitted their eForm application on September 25th … Continue reading

Posted in ATF, BATFE, eForms, Form 1, Form 4, NFA Trusts | Comments Off on ATF eForms offer significantly improved wait times