NFA Firearms Trust (Gun Trust) - Paralegal Service

NFA Firearms Trust (Gun Trust)

NFA Firearms Trust (Gun Trust), Paralegal Service

By Do It Yourself Documents,
Independent Paralegal Services

  • Online Price: $58.95
  • Office Price: $74.95
  • This service is exempt from sales tax.
  • Available for the following states: View States
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Frequently Asked Questions

We complete all required documents with this service!

Description of our Paralegal Service

Use Do It Yourself Documents Paralegal services to create a NFA Firearms Trust (Gun Trust). Included with this service are the following:

  • NFA Trust
  • Schedule A to NFA Trust
  • Certification of NFA Trust
  • Letter to Bank to Open Checking Account in name of NFA Trust
  • Appointment of Co-Trustee
  • Acceptance of Co-Trustee
  • Instructions for Distribution of Trust Property (NFA Weapon(s)) at time of death

TRUST

This is the main document and it (along with the Certificate) must be signed by you and then acknowledged by a Notary Public. You will name someone to manage the trust at your death and name beneficiaries in the trust.

Any firearms not specifically left to a designated person can be held in the trust and/or sold by the successor Trustee (the proceeds of any sales are added to the remainder of the Trust); when the trust no longer owns any restricted firearms the trust is distributed to the remainder beneficiaries.

SCHEDULE "A"TO THE TRUST

To exist, a trust must have a "corpus"(i.e., the "body"), so it is necessary to initially fund the trust and then additional assets (e.g., the firearms) can be transferred to an existing trust. The default funding amount is $10; however, since this amount will be used to open the trust checking account, if you wish to initially open the account with a greater sum, simply change the amount on the Schedule "A" to the correct amount. You should sign concurrently with the signing of the trust.

From the ATF

CERTIFICATION OF TRUST

The Certification sets forth the existence of your Trust and your unlimited right as Trustee to deal with any account or asset held in the Trust. The Certification acts as a short version of the Trust Agreement and gives any third party (e.g., the bank) all the information required from the Trust without getting into the dispositive provisions, which are (and should remain) confidential. Please note, for BAFTE registration, you will have to provide a complete copy of the executed trust.

BANK INSTRUCTION LETTER

This Letter should be given to your bank to create a new checking account for the trust; this account should be used for all payments and fees relating to the purchase of any firearms to be owned by the trust. Please note, as long as you are alive and acting as the Trustee, your trust is characterized (for income tax purposes) as a "Grantor-type Trust"; accordingly, there is no separate tax identification number required for the trust (you will use your Social Security Number) and all income attributable to the trust (e.g., interest and/or gain from the sale of a trust asset) should be shown on your income tax return. FYI, the term "U/A" stands for "under agreement".

APPOINTMENT OF CO-TRUSTEE

Pursuant to federal law, only a current Trustee is permitted to use or even possess a restricted firearm owned by the trust; an unauthorized person in possession of a restricted firearm can be subject to serious felony criminal charges. This Appointment can be used to make any other person or persons a current co-Trustee and, as a result, give such co-Trustee(s) the right to the immediate use of a trust asset. This form is not to be completed until needed.

RESIGNATION OF CO-TRUSTEE

If it is no longer necessary or appropriate to for a person appointed as a co-Trustee to continue to act as such, this form can be used for the resignation of the co-Trustee. Again, this form is not to be completed until needed.

BILL OF SALE

This is an optional form which can be used to transfer any existing firearms into the trust, whether restricted or not.

INSTRUCTIONS FOR THE DISTRIBUTION OF PERSONAL PROPERTY

This is also an optional form and can be completed at any time (you should make copies of it for future use). This form is to be completed by you to designate the distribution at your death of specific items of the trust (i.e., a specific firearm) to specific people. You can add to or change this form as often as you wish without having to amend your trust; if you do add or delete a distribution, you should date and initial the addition or deletion (or complete a new form and destroy the old one).

NFA Firearms Trust (Gun Trust)
By Secure Download
$58.95
By Mail
$58.95
Office Appointment
Notary Included
$74.95
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Some of our services require additional application, court and/or filing fees. These fees are not included.