Estate Planning and Firearms/NFA Law
Like belongings and valuables such as jewelry, furniture, and collectibles, firearms are possessions people often want to include in their estate plans to be passed down to family members. However, firearms cannot be treated like other belongings in an estate plan. Complex federal and state laws exist regarding owning, possessing, and transferring firearms, and estate plans must be designed accordingly to comply with laws. For those who own firearms, we prepare a separate, specialized trust in addition to the documents included in our traditional estate plan. The trust specifies who is to use and possess the firearms and who will inherit them later, ensuring compliance with all applicable laws.
NFA Law
The National Firearms Act (NFA) was originally enacted in 1934. The purpose was to impose a tax on the making and transfer of firearms defined by the Act, as well as an additional occupational tax on those in the business of importing, manufacturing, and dealing in NFA firearms.
Many myths and misunderstandings exist regarding firearms law, making it difficult for people–including those with the best of intentions–to know exactly how to comply with the law. We are here to help people who own, inherit, purchase, sell, gift, or use firearms, to do so legally, and to ensure that guns don’t end up in the wrong hands.
For more information, please visit AZGunLaw.com.
