CLASS III / NFA Trust Summary

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Most people don’t know that they CAN legally own NFA (national firearms act) firearms.  NFA weapons also known as Class III Weapons consist of machine gun, short barreled rifles, short barreled shotguns, silencers (sound suppressors), and other destructive devices.  Most people are under the impression that they need a Class III license to own these items; that is false.  All NFA weapons MUST be registered with the ATF.  Also, there is a $200 tax per NFA item that must be submitted with the registration.

There are three typical ways to legally acquire NFA weapons in Texas:

     1.)  Register items using a Corporation (the corp. would own the NFA items)

     2.)  Have a local Chief Law enforcement Officer (CLEO) sign each registration application (this method is becoming more and more difficult because of political issues/liability)

     3.)  Have a lawyer create a NFA Revocable Trust in your name, (this is a onetime deal, after you have the trust made) you can purchase as many NFA items as you want.  Also multiple people can be listed as trustees allowing them to legally possess and use the items listed, otherwise it is illegal for anyone but you to possess these items

An NFA trust or “gun trust” is a trust tailored to comply with NFA regulations of Class III weapons.  Generally speaking the application requires you to have CLEO sign off on the registration paperwork, there is no law or rule that requires that to be signed off.  Creating a NFA Revocable Trust bypasses the need for the Chief’s signature since the NFA item will be registered to the Trust and not the individual.  Here are a few benefits of using an NFA Trust over a corporation:

     1.)  A Trust is much simpler and doesn’t require the need to file annual statements or taxes.

     2.)  Trusts in Texas are not registered, so this is private information, only the ATF has record of the Trust.

     3.)  No fingerprints or photo’s needed when registering.

     4.)  Multiple people can be listed as trustees and allowed access, you can decide this.

     5.)  If NFA items become prohibited, the NFA trust provides a curtain to protect your assets for generations since the trust can be list a beneficiary should you die.

Are you interested in purchasing Class III items?  Let us do all the work for you.  Spring Guns & Ammo has an in-house attorney which can create an NFA trust for you.  Cost for this service at SGA is $500.  However, if you are a SGA customer and purchase an item over $300 it will only cost you $400.  Also, as a service to our customers, when you purchase from us, we do all the necessary registration paperwork for you!

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