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NFA Gun Trusts vs. Standard Process
The NFA (National Firearms Act) Gun Trust is a Revocable Firearms Trust that enables you to purchase Title II/Class 3 items and allows you to pass down your NFA items to trustees in the event of your death.

NFA Trusts

 

  • Can have MultipleTrustees/Beneficiaries

  • No CLEO signature

  • Every single person on the trust must fill out a responsible persons form: 5320.23

  • Two fingerprint cards and a photograph are required for Form 5320.23

  • Typical turn-around time from purchase of Title II/Class 3 item to pickup is over a year.

  • Protects trustee's firearms assets even after death

A good resource for information on NFA Trusts is the Gun Trust Laywer Blog from the Law Offices of David M. Goldman out of Jacksonville, FL.

Standard Process

  • No CLEO signature is required any longer

  • ATF turn-around time is currently quicker than Trusts

  • Two fingerprint cards and a photograph are required for Form 5320.23

  • Only you can handle/own that Title II/Class 3 item

  • Questionable as to whether Title II/Class 3 items are inheritable or if possession of them is a 3rd degree felony after your death.