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Posted: 2/26/2015 3:53:43 PM EDT
[#1]
What is FMI?
On my trust assignment of property I have listed the actual manufacturer and serial number. |
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Posted: 2/26/2015 4:08:32 PM EDT
[#2]
Quote HistoryQuoted:
What is FMI? On my trust assignment of property I have listed the actual manufacturer and serial number. First middle initial? |
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Posted: 2/26/2015 4:29:10 PM EDT
[#3]
you need to have a beneficiary, since the point of the trust is to hold property until the settlor/grantors death and distribute said property via a trustee.
If you have anything on your Schedule A/assignment page, it would be the lower with only the original manufacturers information as you dont have permission to "make" the sbr yet |
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Posted: 2/26/2015 4:38:17 PM EDT
[#4]
Quote HistoryQuoted:
you need to have a beneficiary, since the point of the trust is to hold property until the settlor/grantors death and distribute said property via a trustee. If you have anything on your Schedule A/assignment page, it would be the lower with only the original manufacturers information as you dont have permission to "make" the sbr yet Do I need to assign specific property to the benefiicaries? FMI is the ATF's designation for the model of an AR when the owner builds it from parts. IIUC |
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Posted: 2/26/2015 5:07:18 PM EDT
[#5]
Quote HistoryQuoted:
Do I need to assign specific property to the benefiicaries? FMI is the ATF's designation for the model of an AR when the owner builds it from parts. IIUC Quote HistoryQuoted:
Quoted:
you need to have a beneficiary, since the point of the trust is to hold property until the settlor/grantors death and distribute said property via a trustee. If you have anything on your Schedule A/assignment page, it would be the lower with only the original manufacturers information as you dont have permission to "make" the sbr yet Do I need to assign specific property to the benefiicaries? FMI is the ATF's designation for the model of an AR when the owner builds it from parts. IIUC What you're saying doesn't sound like any Form 1 I've ever filled out. And I have 6 or 7 of them. |
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Posted: 2/26/2015 6:18:38 PM EDT
[#6]
Quoted:
On Form 1 I know I put FMI as maker. What you "know" in this regard is probably incorrect. You only use FMI as the manufacturer (not the maker) if it's a lower you made yourself, e.g. from an 80% lower or a forging. If you used a manufactured lower, you'd instead put the name of the manufacturer. And on the assignment page, you'd use the manufacturer also. As to the beneficiaries, your trust is a legal nullity if it doesn't have at least one beneficiary other than yourself. You can change beneficiaries later, but there must be at least one for the trust to be valid. |
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Posted: 2/26/2015 7:54:35 PM EDT
[#7]
Quote HistoryQuoted:
What you "know" in this regard is probably incorrect. You only use FMI as the manufacturer (not the maker) if it's a lower you made yourself, e.g. from an 80% lower or a forging. If you used a manufactured lower, you'd instead put the name of the manufacturer. And on the assignment page, you'd use the manufacturer also. As to the beneficiaries, your trust is a legal nullity if it doesn't have at least one beneficiary other than yourself. You can change beneficiaries later, but there must be at least one for the trust to be valid. Quote HistoryQuoted:
Quoted:
On Form 1 I know I put FMI as maker. What you "know" in this regard is probably incorrect. You only use FMI as the manufacturer (not the maker) if it's a lower you made yourself, e.g. from an 80% lower or a forging. If you used a manufactured lower, you'd instead put the name of the manufacturer. And on the assignment page, you'd use the manufacturer also. As to the beneficiaries, your trust is a legal nullity if it doesn't have at least one beneficiary other than yourself. You can change beneficiaries later, but there must be at least one for the trust to be valid. ^^this^^ It's an EForms thing. 
Same thing for a Form 1 suppressor where there's no original manufacturer. Form ends up looking like this: 
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Posted: 2/26/2015 8:49:46 PM EDT
[#8]
Thanks for clearing that up. As I suspected, this applies to 80% or CNC from bar stock. Not converting a pre manufactured lower to SBR.
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Posted: 2/26/2015 8:59:03 PM EDT
[#9]
I really appreciate the info I've gleaned here. It has obviously prevented me from making Form 1 submission errors. Thanks from a gun loving noob!
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