Loophole Gun Trust

While it is in fact legal to own silencers, the government doesn’t necessarily make it easy. When the ATF implemented Rule 41F, it became required that all trustees submit their fingerprints and photos with any Form 1 or Form 4. This can be a heavy burden for some people, especially if all trustees are not available. Fortunately though, attorney Trent Woods has a solution with our Loophole Gun Trust.

The Loophole Gun Trust is designed to be used for ONLY ONE NFA FIREARM. It is a single asset trust: one Loophole Gun Trust for each suppressor or SBR (or other NFA firearm) that you are going to acquire. After your death, it is designed to “pour over” the trust assets to your primary gun trust. Yes, that means you need to already have a primary gun trust, preferably our Rapid Fire Gun Trust or AZ Advanced Gun Trust. If you do not already have a primary gun trust, please contact us. When you decide to buy, or make a new NFA firearm, you should set up another Loophole Gun Trust. You will have a Loophole Gun Trust for each new NFA firearm you acquire. The goal is to ensure that you are the only one that has to do photographs and fingerprints when you make or buy the NFA firearm. You can amend this trust after you obtain ATF approval (IE you get your tax stamp) to add additional trustees so that your spouse, or others, can possess the NFA firearm held by this trust.

While it is in fact legal to own silencers, the government doesn’t necessarily make it easy. When the ATF implemented Rule 41F, it became required that all trustees submit their fingerprints and photos with any Form 1 or Form 4. This can be a heavy burden for some people, especially if all trustees are not available. Fortunately though, attorney Trent Woods has a solution with our Loophole Gun Trust.

The Loophole Gun Trust is designed to be used for ONLY ONE NFA FIREARM. It is a single asset trust: one Loophole Gun Trust for each suppressor or SBR (or other NFA firearm) that you are going to acquire. After your death, it is designed to “pour over” the trust assets to your primary gun trust. Yes, that means you need to already have a primary gun trust, preferably our Rapid Fire Gun Trust or AZ Advanced Gun Trust. If you do not already have a primary gun trust, please contact us. When you decide to buy, or make a new NFA firearm, you should set up another Loophole Gun Trust. You will have a Loophole Gun Trust for each new NFA firearm you acquire. The goal is to ensure that you are the only one that has to do photographs and fingerprints when you make or buy the NFA firearm. You can amend this trust after you obtain ATF approval (IE you get your tax stamp) to add additional trustees so that your spouse, or others, can possess the NFA firearm held by this trust.