Armory Sponsor
Posted: 8/9/2026 12:08:37 AM EDT
| Does using a 24-month exception letter for an LLC or trust speed up transfers or not? Are there any other reasons to use one? |
|
This was IPBs reply to me. Attached File |
Not everyone gets to be an astronaut, the world needs pole dancers too. ~Observer
|
Originally Posted By Glocked: This was IPBs reply to me. https://www.ar15.com/media/mediaFiles/483179/57071ECE-9B20-4EC3-ADDC-7EB31D61B013_jpe-3808613.JPG I guess that answers whether the 24-month exception should be used, but I still have questions why it's so much effort to pull up the trust docs from a previous transfer. If the NFRTR were a properly-designed system, it seems like it should be just a couple clicks. |
|
Originally Posted By CleverNickname: I guess that answers whether the 24-month exception should be used, but I still have questions why it's so much effort to pull up the trust docs from a previous transfer. If the NFRTR were a properly-designed system, it seems like it should be just a couple clicks. Originally Posted By CleverNickname: Originally Posted By Glocked: This was IPBs reply to me. https://www.ar15.com/media/mediaFiles/483179/57071ECE-9B20-4EC3-ADDC-7EB31D61B013_jpe-3808613.JPG I guess that answers whether the 24-month exception should be used, but I still have questions why it's so much effort to pull up the trust docs from a previous transfer. If the NFRTR were a properly-designed system, it seems like it should be just a couple clicks. I don’t think that’s it’s necessarily that much more difficult or that much more time consuming. But in the digital age, neither is just submitting a copy of your trust. Seems like whether you submit a trust or a 24 month exemption, it’s probably just a matter of a few clicks. Submitting the trust is you doing those few clicks, the exemption is making the examiner do those few clicks. Honestly, with the time/effort needed to create the 24 month exemption, you’ve already spent more time in the process than clicking a mouse a few times and submitting the trust will require. I do think that many were mistaken by thinking that the 24 month exemption meant your trust did not need reviewed. Which doesn’t appear to be the case. I believe it’s just obsolete in the digital age. When submitting a copy meant going somewhere and having copies made, then needing to mail it across the country, it probably made a lot more sense. |
Not everyone gets to be an astronaut, the world needs pole dancers too. ~Observer
|
Originally Posted By CleverNickname: I guess it's a question of "What level of review do they do for trust documents, and does that take less time than looking up a recent transfer?" So if you send the exception, they have to take the added time to look up your old submission and pull the trust doc, then re-review it vs. just reviewing it as sent with the form. That's what may add to the delay. When the exception was first conceived, it was still common to use paper forms and the purpose was seemingly to save you from having to copy and send lots of paper in the mail if you had a large trust document. |
|
Originally Posted By laxman09: Hmmm could I just upload the trust to each pending app and delete the 24mo letter? You can upload a copy of your trust. Really no reason to worry about deleting the 24 month. |
Not everyone gets to be an astronaut, the world needs pole dancers too. ~Observer
|
Originally Posted By CleverNickname: I guess it's a question of "What level of review do they do for trust documents, and does that take less time than looking up a recent transfer?" It’s my understanding it’s still a full review of the trust even with an exemption. |
Not everyone gets to be an astronaut, the world needs pole dancers too. ~Observer
| It doesn't make a difference, at least as of mid last year. I submitted 3 F1's, Trust, 24mo, and individual to see what came back the fastest. All three came back in 6 and 7 days. Just looked and the 24mo and individual came back on day 6 and the trust day 7. The 24mo referenced an approved form (referencing the form number and approval date) from 12/2024 on my trust. |
Armory Sponsor