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NFA Trusts (Gun Trusts)

Are you a gun owner in Michigan?

A Gun Trust can be useful not only for the purchase and possession of NFA guns or devices but also for transfer of your firearms to your beneficiaries someday. The orderly and lawful transition of firearms ownership is something every gun owner should seriously consider as part of his or her estate plan. We are very experienced in advising our clients who own firearms on all the legal issues involved.

SBR/SBS and NFA Trusts

Michigan is on the verge of passing another gun rights milestone by legalizing short barreled rifles and shotguns (SBRs/SBSs).

As gun rights go, Michigan has come a long way since I moved here 15 years ago. At that time, I marveled at the whole pistol registration "safety inspection" scheme - I had to go to the police station several times to buy my first pistol - the very strict transportation laws, and the lack of any means to get a concealed pistol license.
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Michigan Legalizing Short Barreled Rifles & Shotguns

Federal law, namely the National Firearms Act of 1934 (NFA) and ATF regulations, controls the lawful possession of NFA Firearms. Short barreled rifles and shotguns (as well as suppressors) are subject to the NFA. In a nutshell, one must have federal approval to possess NFA items, including paying a $200 tax for each item. An SBR with a suppressor would require two tax stamps and therefore $400 in additional taxes.
Click here to read more.

Trigger Talk Radio Interview

Listen to Charles talk about Gun Trusts on Trigger Talk Radio

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The West Michigan Estate Planning Center - Cottrell & Jacobs PLC serves Grand Rapids, Ada, and Lowell, Michigan, and the surrounding areas and towns. They provides comprehensive planning in the areas of estates, wills & trusts, powers of attorney, Elder Law, probate administration, long-term care planning, special needs planning, estate tax planning, veterans benefits and Aid & Attendance application, asset protection, and business planning.

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