Providing Americans a Legal Option for Class 3 Ownernship
(800) 967-7317 | Law Offices of Martin Seidler

GUN TRUST VS. LLC?

Although a gun trust and Limited Liability Company can both be used as vehicles to obtain NFA items without the need for CLEO signoffs, the NFA gun trust is more versatile and less expensive to maintain. The NFA trust is much like a will but can last several generations with the ultimate disposition of trust assets determined in the trust instrument.

Gun Trust Owners Enjoy YO Ranch Machinegun Shoot

The famous YO Ranch in Mt. Home, Texas, held its 2010 Annual Machine Gun Shoot May 7, 8 and 9, 2010. Over 33 Class 3 dealers, machine gun enthusiasts and gun trust owners enjoyed three days of good food, comradery and good shooting. Participants enjoyed shooting at pickup trucks, propane canisters, water heaters, various original targets including plenty of Tannerite and other exploding targets. This year, the services of the Kerrville Fire Department were not necessary despite the large number of shooters with belt fed machineguns.

Gun Trust: Funding And Proof Of Ownership

Texas law requires a trust to be funded in order to be created. Section 112.005 of the Texas Property Code (Texas Trust Code) provides: “A trust cannot be created unless there is trust property.” Nominal funding is sufficient to create a trust where the other formal requirements for the establishment of a trust are met. In a battle over a large estate, the San Antonio Court of Appeals ruled that the funding of a trust with $1.00 was sufficient corpus to meet the funding requirements of a valid trust. In Re: Estate of Canales, 837, S.W.2d 662 (Tex. Civ. App.

Cleos Intimidated by ATF

Cleos have been reluctant to sign off on Form 4's in part due to intimidation by ATF.  In Texas, a  retired sitting District Judge can sign Form 4's.  A well respected Texas retired District Judge signed two form 4's for an prominent San Antonio accountant.  Not long after the forms were submitted, the Judge received a telephone call from an ATF agent inquiring as to why he had signed the Form 4's.  The Judge responded: "son if I can sentence a man to death, I sure as hell can sign a For