The following is opinion and not legal fact. It is only intended to inform, and should not be construed as legal advice of fact.
A Gun Trust is a vehicle for purchasing and owning NFA weapons. NFA being the National Firearms Act that governs the ownership of certain automatic firearms, Short barrel rifles, short barrel shotguns, and silencers/suppressors. Under the NFA an individual purchasing the prohibited weapons must submit fingerprints for a background check AND have the CLEO (Chief Law Enforcement Official) approval. This means the Police Chief of Sheriff must sign the application of an individual. The Gun Trust gets around this requirement by being a Corporate entity, therefore not subject to the requirement of an “individual.” This is commonly referred to as the Gun Trust “Loophole” and ATF has made several threats to close the “loophole” but as of May 3, 2015 they have not. Any closure of the loophole should only have the effect of slowing new acquisitions of prohibited weapons v. effecting those who currently lawfully own.
Another advantage to the Gun Trust is that it allows multiple parties to own a weapon, and can prevent possible unintentional federal firearms charges. For example if you individually own a NFA weapon and leave it in your home without securing it, then everyone in your home with the weapon is in “possession” (care, custody, or control) and the penalties are up to 10 years in federal prison. With a Gun Trust, all family members could be in ownership.
If you would like to start you own Gun Trust we have included the following link as one possible online source. This is not an endorsement.