If you are a gun owner, you’ve probably heard of a Florida gun trust. You may know exactly what it is used for but may be wondering if you need a lawyer to help set one up. Continue reading to learn more about gun trusts and how your lawyer can help you avoid running afoul of federal law.
As with most government regulations, there are consequences for failing to comply.
Chapter 15 of the NFA Handbook lays out some of the penalties for violating NFA provisions:
So, how does a gun trust help avoid these and other penalties?
All trusts are created with a purpose in mind. A Florida gun trust is a revocable trust designed for the ownership of firearms. Ownership of the guns and related equipment is transferred to the trust by the grantor. The grantor then names trustees, who are then legally allowed to use and possess the equipment owned by the trust. Establishing your gun trust may sound easy, but it is not. You will have to navigate federal law and regulations while submitting the necessary paperwork.
However, if you own weapons regulated by the NFA or a large gun collection, setting up a Florida gun trust is a smart move. Benefits include:
Incorrectly setting up or using a Florida gun trust is easy. It’s the penalties that are hard.
You can attempt to set up a gun trust without a lawyer, but why? The risks associated with violating the National Firearms Act are too great to ignore. At the Law Offices of John Mangan, P.A., our clients benefit from our experience with gun trusts. Please contact us at 772-324-9050 to schedule an appointment or fill out our Contact Form. From our office in Palm City, Florida, we also serve clients in surrounding communities like Stuart, Hobe Sound, Port St. Lucie, and Jupiter.