FAQs About Colorado NFA Trusts
Frequently asked questions about Colorado NFA Trusts.
Frequently asked questions about Colorado NFA Trusts.
More Frequently Asked Questions about Colorado NFA Trusts. Part II this time.
So, you have never heard of an NFA Trust? A little history lesson may help you understand why NFA trusts exist and who creates NFA Trusts to hold Title II firearms.
We are often asked whether a Colorado NFA Trust can be used in another state. Or, if the trust creator (Settlor) moves over the course of their life, can they keep the same trust or would they have to establish new a new NFA Trust in the new state and pay the $200 transfer fee per item? The short answer is yes, the person can usually keep their trust.
Another common question is how easy is it to change trustees of a Colorado NFA Trust.
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.
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