Below is a slightly revised version of an e-mail I just sent my gun trust clients: We finally know the effective date of the ATF’s new rules regarding gun trusts, responsible persons, and other related matters. That date is Wednesday, July 13, 2016. Once the new rules become effective, gun trust grantor/trustees will be a […]
After stewing over ATF 41F for a few days, the rule is finally starting to make sense to me, at least the definition of the so-called “responsible person” in a gun trust. Of course, it has always been obvious that a Grantor/Trustee of a gun trust is a “responsible person” or RP. However, it seems […]
Having read the relevant parts of the 41F document released Monday, December 4th, here are some of my thoughts. First, the actual rule: 479.11 Meaning of terms. * * * Person. A partnership, company, association, trust, corporation, including each responsible person associated with such an entity; an estate; or an individual. * * * Responsible […]
So Attorney General Loretta Lynch put her pen to paper yesterday, and the ATF’s proposed rule 41P became its final rule 41F–with modifications. Here’s my first take: There’s best news, good news, and bad news. The best news is two-fold: 1. the final rule does not become effective until 180 days after its publication in the Federal […]
In a post back in September 29th of this year, I wrote about the reluctant Chief Law Enforcement Officer or CLEO problem or obstacle that many hopeful purchasers of NFA firearms encounter when they try to buy a suppressor, short barreled shotgun, or other such that are legal in many, if not most, states. What […]
The Bureau of Alcohol, Tobacco, Firearms and Explosives’s website in general and library in particular is a treasure trove of information on firearms laws and regulations, much of it downloadable in PDF format. I’ve found the publications on this page quite helpful, especially the Federal Firearms Regulations Reference Guide, the Federal Firearms Licensee Quick Reference […]
So I’ve been reading the ATF Federal Firearms Regulations Reference Guide 2014, the most current version as of March 7, 2015, so you don’t have to. It’s actually an interesting read if you’re into statutes, rules, regulations, and such. Try it. You may have a knack for deciphering dense, jargon-laden language. But if not . . . […]
A recent study by the University of Chicago Crime Lab published in the Journal of Preventive Medicine, coupled with a move by Senator Tim Kaine (D-Va.) to amend Section 922(d) of the Gun Control Act of 1963 (18 U.S.C. 44), provide yet another reason for gun owners to set up a gun trust. The Chicago […]