Forming a Trust

[CJ]

updated.

[Venix]

Just an update:

Texas law shield also does NFA trusts for $300. I was talking with one of the reps about it and he said its a pretty nice program. It does cost $20 to change your paperwork for each new item, but that still seems cheap.

[slow06]

Almost.

I am a civilian contractor deployed in Afghanistan with the military.

Huh, I have always though you were military, I stand corrected.

I guess there's worse things I could have mistaken you for

[KBScobravert]

Id say the trust route. Not from easier to acquire but for moving purposes such as moving to a state that doesnt allow NFA items. Then you could leave them with a parent/whoever is on the trust in a state that allows NFA.

One of the main reasons I went trust. With my wife on the Trust I don't have to worry about her getting in trouble for JBT issues. Not that they would ever have a reason to enter my house/safe etc. I know that she is legal is a peace of mind thing.

[KBScobravert]

kbscobravert is active duty, looks like he went the trust route. I'm not sure if being active military had anything to do with that decision though.

Almost.

I am a civilian contractor deployed in Afghanistan with the military. But yes the Trust was the best route for me.

My trust is over 35 pages and covers more than just NFA.

[David]

Which route would be best for an active duty military member? I want to build an SBR, but this is a little confusing.

Id say the trust route. Not from easier to acquire but for moving purposes such as moving to a state that doesnt allow NFA items. Then you could leave them with a parent/whoever is on the trust in a state that allows NFA.

[slow06]

I paid $350 for my trust with a lawyer down in houston area. I got his info from AR15.com and he has done hundreds of them for people for NFA items. My trust is 37 pages long and covers a ton more than just NFA though.

He was not the quickest to deal with but he was very busy with a legal case also.

Which route would be best for an active duty military member? I want to build an SBR, but this is a little confusing.

kbscobravert is active duty, looks like he went the trust route. I'm not sure if being active military had anything to do with that decision though.

I paid $350 for my trust with a lawyer down in houston area. I got his info from AR15.com and he has done hundreds of them for people for NFA items. My trust is 37 pages long and covers a ton more than just NFA though.

He was not the quickest to deal with but he was very busy with a legal case also.

[Mustangfreak]

Which route would be best for an active duty military member? I want to build an SBR, but this is a little confusing.

[jwalk]

And trust doesnt take that long to set up, cranked mine out tonight. Just have to sign and notarize so I can start ordering...

[David]

Yeah, they're not going anywhere. They're not a loophole or anything else. Theyve just become popular over the years with the internet and word getting out.

Like said, they can only make the rquirements more difficult.

[Moose242]

Just looked at the actual 1934 National Firearms Act.

A "person" is defined as-
A partnership, association, company, trust, estate, or corporation, as well as a natural pesron.

This is in regard to transferees. To do away with the trust route, the law would have to be changed/amended. I believe this would literally require an act of congress.

Of course the ATF could complicate the trust process. They now require a citizenship form with trust submissions.

[David]

Right... if they do away with the trust route...what will happen to the thousands of people that have a trust with SBRs, cans, etc?

If they do make a tax exempt transfer like DOHCTR suggests... will you then need a CLEO signature?

They could do any number of things.

My guess would be that they would be grandfathered in, possibly making it where you have to submit different forms with your photo and fingerprints tax free.

But they could also make everyone submit everything again the way tey do when one goes the personal route or just turn them in.

Personally, I dont see the trust route going away. If anything, they'll make the trust route more involved such as having to have them registered with the state etc.

In the end it doesnt really matter. The ATF knows who owns what NFA items, whether you file as a individual, corp, or trust and thats all it boils down to along with getting their money.

Of course the govt could do an outright ban on all NFA items for everyone and none of the above matters.

[8mpg]

What do you mean?

Like if the ATF says no more trusts for NFA items or what?

Right... if they do away with the trust route...what will happen to the thousands of people that have a trust with SBRs, cans, etc?

If they do make a tax exempt transfer like DOHCTR suggests... will you then need a CLEO signature?

[Moose242]

If they do away with the trust route I assume that they would either grandfather or give individuals a tax free transfer to get the stuff in their names.


It would be a nightmare to ask everyone to turn in their shit.

[David]

Need to find a cheaper lawyer to draw up trusts.. My question is...would people with a trust setup be grandfathered or will the BATFE just revoke all the previous doings?

What do you mean?

Like if the ATF says no more trusts for NFA items or what?