Schedule A

The ATF requires all gun trusts to have a ‘Schedule A.’ This is nothing more than a list of assets assigned to the trust. This simple addendum to the trust affirmatively establishes what property, such as NFA firearms, belongs to the trust. Without such an assignment the ownership of a particular firearm might be in Read More …

Election and the NFA

As I write this the results of the 2012 election are rolling in. While it is too early to tell who will win, I would like to address a common concern I hear regarding the candidates and the National Firearms Act. Many of my clients are concerned that a large win by gun control politicians Read More …

Myth: I Have to Pay a Yearly Tax

Many times I have been told that NFA ownership is prohibitively expensive because there is a yearly tax. Fortunately, there is no truth to this myth. The tax for NFA firearms is a one time tax paid only upon the transfer of the firearm. The tax was set to be prohibitively expensive in 1934: $200.00. Read More …