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Texas Gun Trust
Texas NFA Trust Information and FAQs
Texas NFA Trust Benefits
Texas NFA Trusts Videos and Web Resources Page
How to Transfer Complete a Form 4 transfer
Texas NFA Trusts Table of Contents Page
NFA Laws by State
Buying a silencer
Texas Firearms Law and Links
Feedback & Contact Page
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The Key Benefits of the NFA Trust are:
- Privacy - the trust is not filed with any city, county or State
government entity. Your trust and your name do not show up on any
government database other than the tax rolls of the BATFE. As the
forms and your trust are considered to be tax related information, the
information is protected from most disclosure requests.
- No Filing Fees: Once the trust is created, there are no filing
fees associated with the trust
- The Trust does not submit fingerprint cards with a form 1 or form 4.
- The Trust does not submit a photograph with a form 1 or a form 4.
- The Trust does not have to ask a chief law enforcement officer to
approve the form with his signature.
- YOUR TIME IS VALUABLE! The trust saves your valuable time.
You no longer have to do the individual-form-4 dance.
You do not have to gather up the fingerprints and photographs and make the
trip to your CLEO and explain your need for an item regulated by the NFA
EVERY time you want to purchase and NFA item. If you consider the
value of your time v. the cost of the Texas Gun Trust . . . . one purchase
that avoids the need for this paper chase will pay for your trust!
- The Trust is flexible. It may be amended as your needs and
requirements change in the future.
- There is no requirement for a trust to file annual Franchise tax
statements with the Comptroller of the state of Texas.
- There are no requirements for annual meetings or reports
- The Trust may be used to purchase and own as many NFA regulated (Title
II) weapons as the settlor wants to put in the trust.
- Multiple individuals can be listed as the trustees,
thus allowing more than one person to have legal access to the weapons and
protecting family members.
- If the transfer of NFA firearms becomes prohibited, the
trust will help continue to protect the title II items for generations to
come.
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The
Texas Gun Trust protects the settler form Incapacity. If you become
incapacitated you are able to choose, through the trust, who you want to
manage the estate created by the trust and safeguard your collection of
Title II weapons. This also protects your family and friends from
possessing items regulated by the National firearms act that are not
registered to them.
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Many
citizens who lived through the 1994 Assault Weapons Ban and the 1986
Machinegun Ban are interested in Reducing the Risk of Legal Changes
pertaining to items regulated by the National firearms Act. A Texas NFA
Trust is the registered owner of the items regulated by the National
Firearms Act. The owners of the trust may change, but the registered owner,
the Texas NFA Trust, remains the same and no transfer has taken place under
the National Firearms Act.
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The Texas Gun Trust helps to protect your
assets after your death. When you die your individually owned firearms
will be part of your "probate estate." Probate proceedings are public.
A Texas Gun Trust keeps your firearms outside of the probate process and
keeps them private. The executor of your estate and your beneficiaries
will be protected because they will receive guidance from the trust how the
National Firearms Act regulated items should be handled and transferred.
I have included specific provisions in my Texas Gun Trust that guide the
trustee in storing, securing, liquidating and transferring the trust assets
that are regulated by the National Firearms Act.
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