Everything you
wanted to
know about
NFA firearms
NFA FIREARMS & GUN
TRUSTS
INTRODUCTION
Steck Law
I. THE NATIONAL FIREARMS ACT
A. HISTORICAL BACKGROUND
Enacted in 1934
Combat the flow of “Gangster Firearms”
Restrictions on:
Manufacture
Ownership
Tra...
B. APPLICABLE FIREARMS
Machine Guns
Short Barrel Rifle
Short Barrel Shotguns
AOWs and Destructive Devices
C. LEGISLATIVE EVOLUTION
May 19, 1986 - Transferable Machine Guns
D. LAWFUL OWNERSHIP
Individual
Most lengthy
CLEO, fingerprint and photo
Restricted possession
Corporation
Some flexibility...
 Components to a trust
 Parties
 Trustor / Settlor / Grantor
 Trustee
 Beneficiary
 Essential Elements
 Address
 P...
 The process:
 ATF investigators review to check that trust doesn’t appear to violate
state law
 ATF approval of NFA tr...
II. ATF PROPOSED CHANGES
27 CFR Part 479
Responsible Persons
Background Checks
Chief Law Enforcement Signature
 Form 1 – Non-licensee manufacture of NFA firearm
 Form 2 – Manufacture of NFA firearm
 Form 3 – Tax Exempt Transfer
 ...
 Thank you!
QUESTIONS?
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National Firearms Act (NFA) | everything you ever wanted to know about lawful ownership including gun trusts

Utah based attorney Michael Steck shares information on the most critical aspects of National Firearms Act (NFA) ownership. This presentation also includes information on the highly sought after NFA gun trust
Published on: Mar 3, 2016
Published in: Law      
Source: www.slideshare.net


Transcripts - National Firearms Act (NFA) | everything you ever wanted to know about lawful ownership including gun trusts

  • 1. Everything you wanted to know about NFA firearms NFA FIREARMS & GUN TRUSTS
  • 2. INTRODUCTION Steck Law
  • 3. I. THE NATIONAL FIREARMS ACT
  • 4. A. HISTORICAL BACKGROUND Enacted in 1934 Combat the flow of “Gangster Firearms” Restrictions on: Manufacture Ownership Transfer
  • 5. B. APPLICABLE FIREARMS Machine Guns Short Barrel Rifle Short Barrel Shotguns AOWs and Destructive Devices
  • 6. C. LEGISLATIVE EVOLUTION May 19, 1986 - Transferable Machine Guns
  • 7. D. LAWFUL OWNERSHIP Individual Most lengthy CLEO, fingerprint and photo Restricted possession Corporation Some flexibility Most expensive No estate planning Trust Multi-Person Access No CLEO Estate Planning
  • 8.  Components to a trust  Parties  Trustor / Settlor / Grantor  Trustee  Beneficiary  Essential Elements  Address  Property (Schedule A) E. NFA TRUST PARTIES
  • 9.  The process:  ATF investigators review to check that trust doesn’t appear to violate state law  ATF approval of NFA trust does not mean a trust is valid under state law  No trust registration – only upon application is trust reviewed  Control of NFA applications (gun shop or customer mailing) F. ATF TRUST REVIEW
  • 10. II. ATF PROPOSED CHANGES 27 CFR Part 479 Responsible Persons Background Checks Chief Law Enforcement Signature
  • 11.  Form 1 – Non-licensee manufacture of NFA firearm  Form 2 – Manufacture of NFA firearm  Form 3 – Tax Exempt Transfer  Form 4 – Tax Paid Transfer  Form 5 – Tax Exempt Transfer – Lawful Heir III. NFA SPECIFIC FORMS
  • 12.  Thank you! QUESTIONS?

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