Douglas A. Turner, P.C.

There are certain restrictions and regulations that apply to the purchase and ownership of Class 3 Firearms. When individuals purchase a Class 3 Firearm, the Chief Law Enforcement Officer (CLEO) where the individual resides is required to sign a Form 4. Unfortunately, many CLEO’s have been reluctant to sign the Form 4.

If you would like to legally purchase and own a Class 3 Firearm, a Colorado NFA Gun Trust can be helpful. The Trust will purchase and hold title to the restricted firearm or gun. The Trust is not required to submit fingerprints nor seek the approval of the local chief of police. Instead, the federal government verifies and investigates the application.

Colorado revocable trusts are private. As a result of the private status of a Colorado revocable trust, the only people who know the terms of the trust are those you choose to tell or provide a copy of the trust documents. Most Colorado revocable trusts could hold firearms. However, many are not designed to deal with issues involving regulated firearms. When individuals violate the NFA, they are subject to big fines and criminal charges.

A Colorado firearms trust should also give the Trustee special powers and instructions on how to deal with unexpected events. Class 3 firearms cannot be distributed like other assets upon the incapacity or death of the trust Settlor. The Trustee must look at the asset, determine the capacity of the beneficiary and what federal, state and local laws apply, before distributing the assets. Without the guidance contained in a properly drafted Colorado NFA trust, a trustee may not realize their special duty.

We can assist you with a Colorado NFA Gun Trust. Please call us at 1-800-850-0607 or contact us for more information.