Includes: Gun Trust Law
Title II firearms are regulated weapons that can, with certain restrictions, be owned by Americans. The Title II firearms generally consist of silencers, machine guns, short barreled shotguns and rifles, destructive devices, and AOWs (any other weapons). Ownership of these weapons can be by individuals, companies, or gun trusts. The gun trust is the superior way to own Title II firearms. Anyone who is a trustee of the gun trust may possess and use the weapon whereas individual ownership limits possession and use to just the one individual. The gun trust can potentially last for generations without having to transfer the weapon to a new owner. There are no ongoing expenses (like franchise taxes) with a gun trust.
