• A Gun Trust is a legal document created to allow the ownership of certain firearms or other items that are regulated by the National Firearms Act (NFA), the federal law that governs the manufacture, possession and use of certain guns and gun accessories.
• A Gun Trust is created by a person referred to as the Grantor.
• The Veil Gun Trust cover all Title I weapons, or GCA firearms as well. In layman's terms, these are considered firearms for sport and personal defense. These generally are classified as standard rifles, shotguns, and handguns. You are not required to submit an application to the ATF for these types of firearms. This part of your gun collection can also be included in your GUN TRUST.
• If you own Class III firearms, you will need to follow a simple process with the ATF once your trust is created. The Trust files an application and pays a tax to the ATF to register the NFA regulated firearm. The Gun Trust cannot take ownership of the NFA regulated firearm (or transfer an NFA firearm) prior to the approval of the application by the ATF.
• The Gun Trust allows the Grantor of the Trust, as well as those individuals named as Trustees, to lawfully use and possess the NFA regulated firearm. Anyone using or possessing an NFA regulated firearm or other item without proper registration with the ATF could be guilty upon conviction of a federal felony.

• Naming several Trustees within a Gun Trust allows different people to use, possess, store and transport NFA-regulated firearms. By simply adding an eligible person as a Co-Trustee, the owner of the NFA weapon can authorize these persons to legally use any NFA weapons that the Gun Trust owns.

• Also, a properly executed Gun Trust will avoid Probate, and while alive the Grantor can direct how the weapons will be held or distributed. So even non-regulated weapons can be added to a Gun Trust, to make them accessible to family and friends even after death.

• The Gun Trust is revocable and can be amended at any time during the Grantor's life. The Grantor can change beneficiaries, assign new weapons to the Trust, sell or transfer any weapons held in the Trust, etc.

• Minor children can be named as Beneficiaries of NFA Gun Trust property but cannot legally possess any NFA regulated item until they are at least 18 years old and/or be able to lawfully to possess a firearm under state and federal law.

Weapons and other items regulated by the NFA are generally known as Title II firearms. More specifically, federal law (26 U.S.C. 5845; 27 CFR 479.11) defines the following items as regulated under the NFA:

• A shotgun having a barrel or barrels of less than 18 inches in length; - a weapon made from a shotgun if such weapon as modified has an overall length of less than 26 inches or a barrel or barrels of less than 18 inches in length;
• A rifle having a barrel or barrels of less than 16 inches in length;
• a weapon made from a rifle if such weapon as modified has an overall length of less than 26 inches or a barrel or barrels of less than 16 inches in length;
• Any Other Weapon (aka "AOW") as define in the statute;
• A machine gun;
• Any silencer (as defined in Section 921 of Title 18, United States Code); and
• A destructive device.

Additional information regarding NFA regulated firearms is available from the ATF.

 Veil will provide you general instructions and ATF website links on registering your firearms with the ATF upon the completion of your GUN TRUST documents. You will be solely responsible for executing all documentation required by the ATF.