Well, the “dreaded” day is upon us. The ATF’s rule 41F goes into effect tomorrow, Wednesday, July 13, 2016. All Form 1 and Form 4’s that are postmarked July 12th or earlier will be processed under the current guidelines. All that are postmarked on or after July 13th will be subject to the new guidelines. If you are not familiar with 41F, you can read my previous blog post on it by clicking here.
I’m writing today because the ATF finally issued the new versions of the Form 1, Form 4 and Responsible Person Questionnaire that will need to be used starting July 13, 2016 going forward. They have said they will not accept the existing forms for submissions on or after July 13, 2016. Since the process takes plenty long on its own, do yourself a favor and make sure you use these new forms. Here is where you can get each of them:
Now, despite saying “dreaded” in my opening paragraph, the sky is not falling on gun trusts. No doubt, there is definitely more red tape going forward. But, gun trusts will remain the best option for many people who have (or plan to have) NFA items and/or a firearms collection. The multiple authorized user and inheritance options will stay (and are very important).
If you have any questions, please contact me.