Previous Page
Page:  / 2
Author
Message
Cole2534
I just do whatever I want.
Offline
Posts: 8743
Feedback: 100% (9)
Posted: 1/8/2012 11:30:25 AM

THE IMAGE ABOVE IS A PAID ADVERTISEMENT
The name of my trust is long, I'd like to reduce it if possible.

How would one go about this?
If it is possible, how would it effect currently pending and completed transfers?

Posted Via AR15.Com Mobile
"At that time [1909] the chief engineer was almost always the chief test pilot as well. That had the fortunate result of eliminating poor engineering early in aviation." —Igor Sikorsky
cms81586
Need More Guns...
Military
Offline
Posts: 6862
Feedback: 100% (41)
Link To This Post
Posted: 1/9/2012 10:47:39 PM
I'm interested as well. I wasn't planning on any SBR's or Form 1's and didn't really know any better... Now I want to do an SBR and it'll about have to wrap half way around the darn magwell to fit it all.


CMS
Have you donated to your local volunteer fire department lately?
"I'll take a puppy on Italian Herb and Cheese...baked please" - DoubleARon
2xtap
Offline
Posts: 1038
Feedback: 100% (92)
Link To This Post
Posted: 1/14/2012 11:18:08 PM
I am curious about this too but how about just forming a new Trust for your next purchases? Is it possible or within the bounds of technical legality?
Cole2534
I just do whatever I want.
Offline
Posts: 8867
Feedback: 100% (9)
Link To This Post
Posted: 1/14/2012 11:25:52 PM
I gave that some thought, but it would be $200 to move pieces betwixt trusts.

Posted Via AR15.Com Mobile
"At that time [1909] the chief engineer was almost always the chief test pilot as well. That had the fortunate result of eliminating poor engineering early in aviation." —Igor Sikorsky
r0kawn
Offline
Posts: 28
Feedback: 100% (5)
Link To This Post
Posted: 1/14/2012 11:41:16 PM
Why not copy the entire trust, decide on a new name, add a nice ten dollar bill to your schedule A, have it notarized, and submit form 1 based upon utilizing second trust name? Maintain the original trust for items already registered to it, start new with a fresh name.
DrMark
Diet Mountain Dewaholic
NRA
Offline
Posts: 13582
Feedback: 100% (5)
Link To This Post
Posted: 1/14/2012 11:49:38 PM
Interesting topic...


Merrrrrrrrrrrrrrr!
bigcbass
Member
Offline
Posts: 1278
Feedback: 100% (5)
Link To This Post
Posted: 1/15/2012 12:03:53 AM
Legally you can amend the trust to change its name, but I understand it is highly frowned upon my the ATF if you already have items in the trust. Might be better to form a new trust with a new name.
Christopher Bass, Esq.
Law Office of Christopher M. Bass
Dallas Co., Texas
214-596-8314
christopherbass01@gmail.com

Home of the $300 Texas Gun Trust!
Cole2534
I just do whatever I want.
Offline
Posts: 8868
Feedback: 100% (9)
Link To This Post
Posted: 1/15/2012 12:10:16 AM
My situation-
2 cans on a trust
1 F1 in the works.

It took the F1, and its associated engraving, to make me realize how long the name was.

So, for future reference, should I write a new one or amend?

Fuckin stamps taste like heroin.

Posted Via AR15.Com Mobile
"At that time [1909] the chief engineer was almost always the chief test pilot as well. That had the fortunate result of eliminating poor engineering early in aviation." —Igor Sikorsky
cms81586
Need More Guns...
Military
Offline
Posts: 6891
Feedback: 100% (41)
Link To This Post
Posted: 1/15/2012 12:39:27 AM
Originally Posted By Cole2534:
My situation-
2 cans on a trust
1 F1 in the works.

It took the F1, and its associated engraving, to make me realize how long the name was.

So, for future reference, should I write a new one or amend?

Fuckin stamps taste like heroin.

Posted Via AR15.Com Mobile



I'm in the same boat. Did the trust to get 2 cans and now I'm doing a F1. I've just decided to bite the bullet and pay a bit more for engraving my long ass trust name on the lower. I'm just going to do the right side mag well below the fence. Then again...it's just a tool to me and I really don't care if it looks obtrusive on the side of the rifle...some people don't like that. It's going to take 3 lines and probably cost me darn near $100 for the engraving but it's the price I'll pay for not anticipating wanting an SBR when I formed the trust...
Have you donated to your local volunteer fire department lately?
"I'll take a puppy on Italian Herb and Cheese...baked please" - DoubleARon
Cole2534
I just do whatever I want.
Offline
Posts: 8870
Feedback: 100% (9)
Link To This Post
Posted: 1/15/2012 7:06:23 AM
gall damn, 100 smackers? The local trophy shop does them for 10.

Unfortunately they're not an FFL, so you have to stay with it.

Posted Via AR15.Com Mobile
"At that time [1909] the chief engineer was almost always the chief test pilot as well. That had the fortunate result of eliminating poor engineering early in aviation." —Igor Sikorsky
SC-Texas
TexasGunTrust.com
Offline
Posts: 12892
Feedback: 100% (9)
Link To This Post
Posted: 1/15/2012 11:23:02 AM
It can be done. It's not an issue.

No different than changing the name of a corporation or a married woman owning an nfa item on a form 1 and getting married with the resultant name change.
Sean Cody
Attorney at Law
www.TexasGunTrust.com
TexasGunTrustLawyer@TexasGunTrust.com
281.451.4175
"Providing NFA Trusts and Counseling to Texans"
Cole2534
I just do whatever I want.
Offline
Posts: 8882
Feedback: 100% (9)
Link To This Post
Posted: 1/15/2012 3:49:27 PM
Fantastic!

Can you give us the skinny on the process?

Posted Via AR15.Com Mobile
"At that time [1909] the chief engineer was almost always the chief test pilot as well. That had the fortunate result of eliminating poor engineering early in aviation." —Igor Sikorsky
3s1k
Offline
Posts: 592
Feedback: 100% (9)
Link To This Post
Posted: 3/10/2012 4:48:03 PM
I wanted to amend the name of my trust but to just remove the "revocable living trust" at the end. I'm assuming I just change, note somewhere that it has been changed and renotorize it? Or should I just remove it and not say anything. All my form 1-4's don't don't have it on there.
bigcbass
Member
Offline
Posts: 1420
Feedback: 100% (5)
Link To This Post
Posted: 3/10/2012 8:40:36 PM
I would type up an amendment sheet that says you are changing the name from _____ to _______ effective immediately and sign and notarize it. Be sure to send in that amendment when you submit to the ATF.
Christopher Bass, Esq.
The Bass Firm, PLLC
Dallas Co., Texas
214-596-8314
christopherbass01@gmail.com

Home of the $300 Texas Gun Trust!
Cole2534
Larue Stealth winner 2/12, suckas.
Offline
Posts: 9939
Feedback: 100% (9)
Link To This Post
Posted: 3/10/2012 9:43:42 PM
Originally Posted By bigcbass:
I would type up an amendment sheet that says you are changing the name from _____ to _______ effective immediately and sign and notarize it. Be sure to send in that amendment when you submit to the ATF.


Do you mean send a notice as soon as it is complete, or next time you submit a F4/F1?

Posted Via AR15.Com Mobile
"At that time [1909] the chief engineer was almost always the chief test pilot as well. That had the fortunate result of eliminating poor engineering early in aviation." —Igor Sikorsky
3s1k
Offline
Posts: 593
Feedback: 100% (9)
Link To This Post
Posted: 3/11/2012 12:34:47 AM
Mine will basically read " I'm changing the name from "XXXX Revocable Living Trust" to "XXXX Trust". Since the name is the same I'm just dropping the "Revocable living" crap off the end.
bigcbass
Member
Offline
Posts: 1426
Feedback: 100% (5)
Link To This Post
Posted: 3/11/2012 12:51:23 PM
If you send in another form you will need to include the amendment. No need to notify the ATF of the name change.
Christopher Bass, Esq.
The Bass Firm, PLLC
Dallas Co., Texas
214-596-8314
christopherbass01@gmail.com

Home of the $300 Texas Gun Trust!
fcernese
Offline
Posts: 229
Feedback: 0% (0)
Link To This Post
Posted: 3/12/2012 3:59:31 PM
[Last Edit: 3/12/2012 3:59:58 PM by fcernese]
For your engraving, you can leave off Revocable Living and just do XXXX Trust. You can even just initial your first and middle name like this :

A.B.Charlie Trust.
My Town, USA

There was another thread like this around here somewhere...
Cole2534
Larue Stealth winner 2/12, suckas.
Offline
Posts: 9959
Feedback: 100% (9)
Link To This Post
Posted: 3/12/2012 4:55:04 PM
Originally Posted By fcernese:
For your engraving, you can leave off Revocable Living and just do XXXX Trust. You can even just initial your first and middle name like this :

A.B.Charlie Trust.
My Town, USA

There was another thread like this around here somewhere...

Not being rude, but I'd have to see an ATF letter before I believed that. Can you provide one?

Just C'ing my A.


Posted Via AR15.Com Mobile
"At that time [1909] the chief engineer was almost always the chief test pilot as well. That had the fortunate result of eliminating poor engineering early in aviation." —Igor Sikorsky
3s1k
Offline
Posts: 595
Feedback: 100% (9)
Link To This Post
Posted: 3/12/2012 5:26:04 PM
Originally Posted By Cole2534:
Originally Posted By fcernese:
For your engraving, you can leave off Revocable Living and just do XXXX Trust. You can even just initial your first and middle name like this :

A.B.Charlie Trust.
My Town, USA

There was another thread like this around here somewhere...

Not being rude, but I'd have to see an ATF letter before I believed that. Can you provide one?

Just C'ing my A.


Posted Via AR15.Com Mobile


I remember reading that ATF said no abbreviations when engraving your SBR.

Cole2534
Larue Stealth winner 2/12, suckas.
Offline
Posts: 9963
Feedback: 100% (9)
Link To This Post
Posted: 3/12/2012 8:53:27 PM
Originally Posted By 3s1k:
Originally Posted By Cole2534:
Originally Posted By fcernese:
For your engraving, you can leave off Revocable Living and just do XXXX Trust. You can even just initial your first and middle name like this :

A.B.Charlie Trust.
My Town, USA

There was another thread like this around here somewhere...

Not being rude, but I'd have to see an ATF letter before I believed that. Can you provide one?

Just C'ing my A.


Posted Via AR15.Com Mobile


I remember reading that ATF said no abbreviations when engraving your SBR.

I concur, but I'm also hoping this fellow comes up with some papers.


Posted Via AR15.Com Mobile
"At that time [1909] the chief engineer was almost always the chief test pilot as well. That had the fortunate result of eliminating poor engineering early in aviation." —Igor Sikorsky
Naga
Member
Offline
Posts: 2003
Feedback: 100% (9)
Link To This Post
Posted: 3/12/2012 10:02:28 PM
I recently had my lawyer do this exact thing. My original trust name was something like XXX Revocable Trust and I had sent in Form 1s with this trust. After my first batch of SBRs, I decided to reduce the trust name to something like XXX Trust. My lawyer made the amendment and I have sent in several Form 1s with the newly amended trust (they are currently still pending).
"A nation of sheep will beget a government of wolves." - Edward R. Murrow
RenegadeX
Offline
Posts: 19138
Feedback: 100% (12)
Link To This Post
Posted: 3/12/2012 11:12:26 PM
Extra points to anyone who names their trust:

"In God We Trust"
3s1k
Offline
Posts: 596
Feedback: 100% (9)
Link To This Post
Posted: 3/13/2012 12:44:45 AM
Originally Posted By Naga:
I recently had my lawyer do this exact thing. My original trust name was something like XXX Revocable Trust and I had sent in Form 1s with this trust. After my first batch of SBRs, I decided to reduce the trust name to something like XXX Trust. My lawyer made the amendment and I have sent in several Form 1s with the newly amended trust (they are currently still pending).


Any chance you can pm me what the amendment says? So I can base my amendment off it?
KingIX
Offline
Posts: 324
Feedback: 0% (0)
Link To This Post
Posted: 3/13/2012 2:07:35 AM
Originally Posted By Cole2534:
Originally Posted By 3s1k:
Originally Posted By Cole2534:
Originally Posted By fcernese:
For your engraving, you can leave off Revocable Living and just do XXXX Trust. You can even just initial your first and middle name like this :

A.B.Charlie Trust.
My Town, USA

There was another thread like this around here somewhere...

Not being rude, but I'd have to see an ATF letter before I believed that. Can you provide one?

Just C'ing my A.


Posted Via AR15.Com Mobile


I remember reading that ATF said no abbreviations when engraving your SBR.

I concur, but I'm also hoping this fellow comes up with some papers.


Posted Via AR15.Com Mobile


Called twice talked to 2 different people and they said
Engrave it letter for letter as it is written on your trust
Years back RLT would work for revocable living trust and so on
But they say no more
Cole2534
Larue Stealth winner 2/12, suckas.
Offline
Posts: 9965
Feedback: 100% (9)
Link To This Post
Posted: 3/13/2012 9:11:46 AM
Originally Posted By 3s1k:
Originally Posted By Naga:
I recently had my lawyer do this exact thing. My original trust name was something like XXX Revocable Trust and I had sent in Form 1s with this trust. After my first batch of SBRs, I decided to reduce the trust name to something like XXX Trust. My lawyer made the amendment and I have sent in several Form 1s with the newly amended trust (they are currently still pending).


Any chance you can pm me what the amendment says? So I can base my amendment off it?

If you dont mind, I'd like to see this as well.



Posted Via AR15.Com Mobile
"At that time [1909] the chief engineer was almost always the chief test pilot as well. That had the fortunate result of eliminating poor engineering early in aviation." —Igor Sikorsky
  Previous Page
Page:  / 2