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Posted: 9/8/2022 9:36:23 PM EDT
There’s 4 items owned by the trust, all on form 4 paperwork. Would like to keep the trust intact but simplify the name.

Let’s say hypothetically that the name of the trust is Jim’s Nfa Trust in Our Year of The Lord 2020.

Let’s say I wanted to change the name of the trust to Jim’s Nfa Trust.

Can that be done without transfers and new stamps?
Link Posted: 9/8/2022 9:47:41 PM EDT
[#1]
Link Posted: 9/8/2022 9:48:34 PM EDT
[#2]
Link Posted: 9/8/2022 10:37:58 PM EDT
[#3]
Thank you very much for the info!
Link Posted: 9/8/2022 11:23:51 PM EDT
[#4]
Link Posted: 9/8/2022 11:32:39 PM EDT
[#5]
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Quoted:
Other option is to just duplicate the trust and use the new version going forward.
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If you create a new trust, that's a different legal entity, and transferring NFA items to it incurs $200 per item tax.
Link Posted: 9/9/2022 12:03:52 AM EDT
[#6]
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Quoted:

If you create a new trust, that's a different legal entity, and transferring NFA items to it incurs $200 per item tax.
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Quoted:
Quoted:
Other option is to just duplicate the trust and use the new version going forward.

If you create a new trust, that's a different legal entity, and transferring NFA items to it incurs $200 per item tax.


So does changing the name. The original legal entity no longer exists as stated.

An addendum is used to make alterations of content within an established trust. Not change the recognized trust name.
Link Posted: 9/9/2022 7:52:55 AM EDT
[#7]
Link Posted: 9/9/2022 9:47:28 AM EDT
[#8]
I had the same issue, I just created a new simpler trust and all new items have been put under that.

Easy peasy…
Link Posted: 9/9/2022 10:14:02 AM EDT
[#9]
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Quoted:


So does changing the name. The original legal entity no longer exists as stated.

An addendum is used to make alterations of content within an established trust. Not change the recognized trust name.
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Not if there is a paper trail of amendments.

Establish trust with name A, prepare an amendment amending the trust to name B.
Same legal entity.

If a human changes their name, does their criminal history, property ownership, ID, Passport, SSN not transfer directly?
Link Posted: 9/9/2022 10:16:03 AM EDT
[#10]
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Quoted:

Never said otherwise…but thanks for explaining how the NFA works.

Creating a new one would leave it intact, as he requested. Then the new one, with a shorter name and all the same trustees, could be used going forward…and allow him to engrave the shorter name on Form 1 firearms.

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OP was asking how to do it without transfer taxes.
So...pointing out that option does not satisfy OPs question.

Which is what you Posted immediately above that post.
Link Posted: 9/9/2022 10:20:16 AM EDT
[#11]
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