Nfa Gun Trust Form - Arizona

Successor Trustee(s): The NFA Gun Trust Agreement should name one or more successor Trustee(s). A
successor Trustee is a person who will become a Trustee on the occurrence of an event such as the resignation,
death or incapacity of the last initial Trustee or an earlier successor Trustee. The Gun Trust should name at least
one successor Trustee. Multiple successor Trustees are recommended. We recommend the Gun Trust have at least
a first and a second alternate successor Trustee.
Beneficiary: A beneficiary is a person for whose benefit the Trustee(s) hold the firearms in trust. The Gun Trust must have
at least one current beneficiary and one future beneficiary. The Gun Trust can and should have multiple beneficiaries. The
are two types of Beneficiaries: current and future. A current Beneficiary is a person or persons who are beneficiaries NOW,
not later. A future Beneficiary is a Beneficiary who will not become a Beneficiary until the happening of an event in the
future such as the death of all of the current Beneficiaries.
Example 1: Homer Simpson wants to purchase a silencer and have it owned by his NFA Gun Trust. Homer names himself
as the only Trust Maker, Trustee and current Beneficiary of the Gun Trust. Homer’s wife Marge is the successor Trustee and
the future Beneficiary. Homer will be the only person who can legally possess, transport and use the Title II firearm while he
is the sole Trustee. When Homer dies or if he becomes incapacitated, Marge will take over as Trustee and at that time she
may possess, transport and use the Title II firearm.
Example 2: Homer Simpson wants to purchase a silencer and have it owned by his NFA Gun Trust. Homer names himself
and his wife Marge as the two Trust Makers, co-Trustees and current Beneficiaries of the Gun Trust. Bart Simpson is the
successor Trustee (but he must be at least 18 years old to inherit the firearms) and the future Beneficiary. Both Homer and
Marge can legally possess, transport and use the Title II firearm while they are Trustees. If one spouse dies or becomes
incapacitated, the other spouse may continue as the sole Trustee and sole current Beneficiary. When the surviving spouse
dies and if Bart is over 17, Bart will take over as Trustee and current Beneficiary and at that time he may possess, transport
and use the Title II firearm. The Simpsons name their neighbor Ned Flanders as the successor Trustee and future
beneficiary if they were both to die when Bart is under age 18.
Part 1: Trust Name & Names & Contact Information for All Trust Makers
Complete for Every Person Who Will be Creator (Trust Maker)
We represent only the Trust Makers. We do not represent any Trustee or Beneficiary
Name of the Gun Trust: ______________________________________________________________________________
No. Name of Trust Maker Address, Email & Phone Number
1 ________________________________________ ______________________________________________________
This is our contact to whom we send the Trust Mailing Address Residence County
__________________ _______________________________
Phone Number Email Address
2 _____________________________________ ______________________________________________________
Mailing Address Residence County
__________________ _______________________________
Phone Number Email Address
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Nfa Gun Trust Form - Arizona PDF
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