Colorado NFA Trusts – Can Multiple People Can Possess The Title II Weapons?

We are often asked whether multiple people can legally possess a Title II weapon when held in a Colorado NFA Trust. The short answer is yes, by making those people trustees of the trust. First, to be a trustee of a Colorado NFA Trust, the individual must qualify under state and federal law. The restrictions are no different than for an individual trying to purchase a Title II weapon. Second, the individual must be named as trustee in the Colorado NFA Trust or an amendment to the Colorado NFA Trust. While the number of trustees is not limited, practically speaking, we find 3/4 to be the maximum. Remember that all trustees are responsible for the proper handling of the Title II weapon even if they are not currently present. Having more than 3/4 trustees, in our opinion, creates its own set of risks.