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Posted: 7/22/2010 1:18:41 PM EDT
I got my suppressor toady and I want to turn around and send off a form1 for an SBR now that I know that all is good with my trust, paperwork, etc.  The question I have is this:  I have added the suppressor to my trust's property schedule and I have filled out, signed, and dated the assignment of property sheet.  Do I just attach that to my previously dated and notarized trust or do I have to print the whole thing out again and have it notarized again after the suppressor has been added?
Link Posted: 7/22/2010 1:39:06 PM EDT
[#1]
This is a semi-educated guess .... I assume you are the Grantor. Correct? If so, you should be able to just add the supressor to the list and sign and date beside it. As far as I know it does not have to be renotarized and no winesses or trustees are required for a Grantor to add property to the trust.

So, if I am understanding you correctly, you filed the Form 4 without the item to be transfered being listed on the Schedule A as property of the trust, and it was approved? There has been much debate here about when NFA items should or need to be added to the Schedule A. Logic and your situation, would tell me that my AR15 lower, or whatever, is not an NFA item or property of the trust until the form 1 has been approved and it is made an NFA item. Yes, much debate on this subject.....
Link Posted: 7/22/2010 2:18:14 PM EDT
[#2]
Seek legal counsel, but in general your trust document will specify what steps must be taken to add property.

Kharn
Link Posted: 7/22/2010 5:21:12 PM EDT
[#3]
Assigment of Property is for un-titled assets.

Your Form 4 constitutes title to the suppressor, therefore no need for an AoP, no notarization.

You can simply list the suppressor in the Schedule of Assets.
Link Posted: 7/23/2010 6:00:49 AM EDT
[#4]
Quoted:
This is a semi-educated guess .... I assume you are the Grantor. Correct? If so, you should be able to just add the supressor to the list and sign and date beside it. As far as I know it does not have to be renotarized and no winesses or trustees are required for a Grantor to add property to the trust.

So, if I am understanding you correctly, you filed the Form 4 without the item to be transfered being listed on the Schedule A as property of the trust, and it was approved? There has been much debate here about when NFA items should or need to be added to the Schedule A. Logic and your situation, would tell me that my AR15 lower, or whatever, is not an NFA item or property of the trust until the form 1 has been approved and it is made an NFA item. Yes, much debate on this subject.....


Not the case with a Form 1.  With a Form 4, you are applying for the right to legally take possession of the item.  While you're waiting, its in the possession of your dealer or manufacturer, therefor you dont add it until you get your Form 4 back and actually take possession (how can you add something to your trust if BATFE hasnt approved your trust to possess it yet)
But in the case of an SBR for example, you already legally possess the lower that you want registered as an SBR, so you go ahead and add it to your trust BEFORE you send off the Form 1.  The Form 1 just magically changes your "regular" lower (which is already owned by the trust) into an SBR.
Link Posted: 7/23/2010 6:02:07 AM EDT
[#5]
Quoted:
Assigment of Property is for un-titled assets.

Your Form 4 constitutes title to the suppressor, therefore no need for an AoP, no notarization.

You can simply list the suppressor in the Schedule of Assets.


Thats what i was thinking, just wanted to hear it from someone with more "aquasitions" than me.
Link Posted: 7/23/2010 7:37:49 PM EDT
[#6]
My trust is notarized but page 11 is remarkably a schedule A that is replaced as items are added...

If you are both trustee & grantor you are G2G.  At least that is what my counsel told me when they passed me the word file.

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