Showing posts with label gun trusts. Show all posts
Showing posts with label gun trusts. Show all posts

Tuesday, February 26, 2013

N.Y. Times Looks at Gun Trusts

In The New York Times Erica Goode reports on the increasing use of trusts when purchasing firearms and related equipment.
A growing number of shooting enthusiasts are creating legal trusts to acquire machine guns, silencers or other items whose sale is restricted by federal law….
The trusts, called gun trusts, are intended to allow the owners of the firearms to share them legally with family members and to pass them down responsibly. They have gained in popularity, gun owners say, in part because they may offer protection from future legislation intended to prohibit the possession or sale of the firearms. 
But because of a loophole in federal regulations, buying restricted firearms through a trust also exempts the trust’s members from requirements that apply to individual buyers, including being fingerprinted, obtaining the approval of a chief local law enforcement officer and undergoing a background check.
Most gun trusts are benign. Target shooters, for instance, may use gun trusts to purchase silencers –classified as sinister because of their popularity among hit men – simply to CUT DOWN ON THE NOISE.

A few are not. Christopher Dorner, the former Los Angeles police officer turned murderer, apparently used a gun trust to acquire a silencer and a short-barreled rifle.

Model 1795 musket
the first to be manufactured in the U.S. by Eli Whitney.

Saturday, January 19, 2013

Trusts For Gun Owners


January 19th is Gun Appreciation Day– an appropriate occasion to wonder whether gun trusts will increase along with gun ownership.

Gun sales have surged recently. Many buyers reportedly want to add to their collections before a feared government crackdown on sales of semi-automatic weaponry. Others are most likely speculators, looking to flip guns rather than houses.

Thus far, gun trusts have been used to facilitate and share ownership of special types of firearms – including machine guns and sawed-off shotguns – that have been taxed and regulated since the days of Al Capone. Will gun trusts proliferate in response to new restrictions?