Posted: 11/28/2014 3:45:25 AM EDT
[#14]
Quote History Quoted:
correct.
correct, in my case, my trust was originally funded with $10. That isn't mentioned in the Schedule A, it's noted in the section of the trust called "funding the trust" or some such. Your trust may vary. At any rate, I initially applied to make (F1) 3 SBRs at the same time before any other NFA items were owned by the trust.
As others have stated, it doesn't NEED to list them. That said, I followed the instructions of my trust lawyer and listed all 3 guns and in the "date approved" field, I put "pending", again, as suggested by my trust lawyer. All 3 were approved. A month ago, I did the same thing when I added a 4th Form 1 item..."pending"...and it was approved. This may not be required, but it is thorough, accurate, and clear. The ATF knows all this stuff anyway, not like you're protecting secrets by sending in blank schedule As.
Everything NFA-related that the trust owns already (with an approved date) or has applied for ("pending") at the time you are submitting whatever new forms you're doing.
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When you submit a Form 4, 1, etc., you submit a copy of the entire trust if you are using one, right. And this is to include the Schedule A or list of property currently in the trust, right?
correct.
Let's say you have a trust with no property other than the initial body with which it was created (a dollar bill or some such).
If you dive right in and buy two NFA firearms, they each get a copy of the trust that goes with the form, right?
correct, in my case, my trust was originally funded with $10. That isn't mentioned in the Schedule A, it's noted in the section of the trust called "funding the trust" or some such. Your trust may vary. At any rate, I initially applied to make (F1) 3 SBRs at the same time before any other NFA items were owned by the trust.
Would the Schedule A be the initial "empty" one, would each include the firearm on that form plus the other one that you are filing for, only the firearm on that form, or what?
As others have stated, it doesn't NEED to list them. That said, I followed the instructions of my trust lawyer and listed all 3 guns and in the "date approved" field, I put "pending", again, as suggested by my trust lawyer. All 3 were approved. A month ago, I did the same thing when I added a 4th Form 1 item..."pending"...and it was approved. This may not be required, but it is thorough, accurate, and clear. The ATF knows all this stuff anyway, not like you're protecting secrets by sending in blank schedule As.
What if you buy one firearm and submit it, then buy a second NFA firearm while the first is waiting? What would go on the Schedule A then?
Everything NFA-related that the trust owns already (with an approved date) or has applied for ("pending") at the time you are submitting whatever new forms you're doing.
As I stated earlier, the schedule A, letter of assignment, or which ever method your trust uses,you are NOT required to send an updated list of what is in the trust. You only need to send it with a single tangible item listed (a $2 bill with serno in my case, as I will never use it, and it is physicall in with my trust paperwork) possessed by the trust. In the case of Form 1s, some people will list the title 1 lower as it is the item the trust is requesting permission to manufacture
In the case of my trust, I have added title I firearms. The ATF doesn't need to know that. Nor do you need to send them a running list of NFA items the trust already possesses.
With the use of e-file being the bulk of Form 1 submissions now, if it was required to send all items in the trust, you would have to submit a new copy of the specific page every time you went to register a new item. But there is no requirement mentioned anywhere on the site. And it gives you the ability to store a PDF of your trust on the site. If they wanted you to submit a current, UTD assignment page they wouldn't keep any of it on their servers because it really does take a lot of space considering the number of people using e-file..
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