I got my NFA trust!!

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[ARCHIVED THREAD] - I got my NFA trust!!

Posted: 12/17/2010 5:48:13 AM EDT

Let the fun quite time roll

Posted: 12/17/2010 5:48:46 AM EDT

[#1]

How much was it to setup?

Posted: 12/17/2010 5:50:22 AM EDT

[#2]

Quoted:
How much was it to setup?

This. I'm waiting on legal software to create mine.

Posted: 12/17/2010 5:52:32 AM EDT

[#3]

I'm in the process now. Meant to do it months ago, as soon as we got our SBR/SBS law changed here, but just drug my feet about it –– no excuse.

(And a flat $600 here, from an attorney very experienced doing these.)

Posted: 12/17/2010 5:54:24 AM EDT

[#4]

Quoted:

Quoted:

How much was it to setup?

This. I'm waiting on legal software to create mine.

I don't know how true it is, but I've been reading that DIY trusts are receiving greater and greater scrutiny now.

My wife is an attorney herself, and she insisted that I go to one with specific experience with NFA trusts.

But YMMV, so best of luck however you proceed.

Posted: 12/17/2010 6:12:23 AM EDT

[#5]

What is a NFA trust?

Posted: 12/17/2010 6:13:49 AM EDT

[#6]

Quoted:

Let the fun quite time roll

Whatcha gonna get?

Posted: 12/17/2010 6:15:09 AM EDT

[#7]

Quoted:
How much was it to setup?

600

Quoted:

Quoted:
How much was it to setup?

This. I'm waiting on legal software to create mine.

I would just have a lawyer do it. The ATF is going over them with a fine toothed comb. 600 dollars is a lot cheaper than the alternative

Posted: 12/17/2010 6:15:42 AM EDT

[#8]

Quoted:
What is a NFA trust?

Someone with much more knowledge will come along and fill in all the deatils, but basically instead of having things like supressors and FA weapons registered to your name, you put it in a trust. Makes the process easier for some reason.

Posted: 12/17/2010 6:16:05 AM EDT

[#9]

Quoted:
What is a NFA trust?

A trust used for NFA transfers, Short barrel rifles, machine guns, suppressors, etc. Using a trust gets around the chief law enforcement officer (ie. Sheriff) signoff and fingerprint requirements. You can also add trustees to allow your SO or children access to your NFA items.

Posted: 12/17/2010 6:16:43 AM EDT

[#10]

Our Sheriff is really good about signing off so nobody bothers with them here. He's exactly what everyone in this country deserves to have for a Sheriff.

Posted: 12/17/2010 6:17:09 AM EDT

[#11]

Quoted:

Quoted:

What is a NFA trust?

Someone with much more knowledge will come along and fill in all the deatils, but basically instead of having things like supressors and FA weapons registered to your name, you put it in a trust. Makes the process easier for some reason.

Don't have to deal with liberal CLEOs to get sign off. No pictures either.

Posted: 12/17/2010 6:17:22 AM EDT

[#12]

Quoted:

Quoted:

What is a NFA trust?

Someone with much more knowledge will come along and fill in all the deatils, but basically instead of having things like supressors and FA weapons registered to your name, you put it in a trust. Makes the process easier for some reason.

Indeed...and those reasons are:

no fingerprints

no pictures

no LEO signoff

multiple trustees can access the NFA item

and +1 to "What are you going to get?"

Posted: 12/17/2010 6:19:26 AM EDT

[#13]

Quoted:

Quoted:
Let the fun quite time roll

Whatcha gonna get?

I have a YHM 556 can, a Hearing Protection LLC Operator .45 and this http://www.ar15.com/forums/topic.html?b=1&f=5&t=1123985 all on a form 3

Posted: 12/17/2010 6:20:19 AM EDT

[#14]

Quoted:

Quoted:
What is a NFA trust?

Someone with much more knowledge will come along and fill in all the deatils, but basically instead of having things like supressors and FA weapons registered to your name, you put it in a trust. Makes the process easier for some reason.

no prints, no picture, no CLEO signoff and I don't have to hide them from my wife.

Posted: 12/17/2010 6:22:48 AM EDT

[#15]

My next purchases are all going on trusts.

I've got 2 cans that are registered to me. I may even pay the $400 to transfer them to the trust eventually. It will be worth it.

Posted: 12/17/2010 6:24:41 AM EDT

[#16]

Quoted:

Let the fun quite time roll

Quite what?

Posted: 12/17/2010 6:38:02 AM EDT

[#17]

Quoted:

Quoted:

Let the fun quite time roll

Quite what?

The only NFA item that is 'quiet' are suppressors. So fun time will be quiet time.

Posted: 12/17/2010 6:43:40 AM EDT

[#18]

Quoted:

Let the fun quite time roll

Congrats!!

Been thinking about getting a 2nd .22 can so my wife and I can plink together.

Posted: 12/17/2010 6:48:17 AM EDT

[#19]

Quoted:

Quoted:
What is a NFA trust?

A trust used for NFA transfers, Short barrel rifles, machine guns, suppressors, etc. Using a trust gets around the chief law enforcement officer (ie. Sheriff) signoff and fingerprint requirements. You can also add trustees to allow your SO or children access to your NFA items.

Interesting, I did not know about the sign off exemption. If I ever wanted to go NFA id have to go this route. Even though our county (Johnson) is like 98% republican and very conservative, there have been numerous reports that the sheriff refuses to sign off on NFA toys.

Posted: 12/17/2010 6:49:20 AM EDT

[#20]

Quoted:

Quoted:
Let the fun quite time roll

Quite what?

The only NFA item that is 'quiet' are suppressors. So fun time will be quiet time.

I don't quiet think you see what he did there.

Posted Via AR15.Com Mobile

Posted: 12/17/2010 6:51:16 AM EDT

[#21]

Quoted:

Our Sheriff is really good about signing off so nobody bothers with them here...

Mine is too and has signed off on all of my individual NFA purchases so far, but I have become convinced over time that a trust is better for many reasons (some already enumerated above, plus others).

Posted: 12/17/2010 6:52:30 AM EDT

[#22]

Welcome....

Posted: 12/17/2010 6:54:23 AM EDT

[#23]

Congrats, I had to form a corp here in Texas. It cost me $300, a small price to pay to not have to bow down before my local sheriff.

Posted: 12/17/2010 6:55:44 AM EDT

[#24]

I really want a suppressor(s).

I think I might go the signoff route. I hear the CLEO and staff here are very NFA friendly.

Posted: 12/17/2010 6:57:11 AM EDT

[#25]

I might've missed it in the thread already (Sorry if I did)
but, can you set the trust' up to allow non-transferable
guns in as well. That would get me excited

Posted: 12/17/2010 6:59:04 AM EDT

[#26]

Quoted:

I really want a suppressor(s).

I think I might go the signoff route. I hear the CLEO and staff here are very NFA friendly.

F that. Do a trust. There's more start up cost, but it's much better for having access by family members/friends, no fingerprints, and easier to manage if something should happen to you.

Posted: 12/17/2010 7:03:15 AM EDT

[#27]

Quoted:

I might've missed it in the thread already (Sorry if I did)

but, can you set the trust' up to allow non-transferable

guns in as well. That would get me excited

That would get me excited as well.

Unfortunately, the answer is no.

Posted: 12/17/2010 7:05:25 AM EDT

[#28]

Quoted:

Quoted:
I might've missed it in the thread already (Sorry if I did)
but, can you set the trust' up to allow non-transferable
guns in as well. That would get me excited

That would get me excited as well.
Unfortunately, the answer is no.

Well, no harm askin'

Posted: 12/17/2010 7:10:24 AM EDT

[#29]

Congrats

I will be purchasing my first supressor in 2011, but before I start the process I'm going to have a trust made. Since your active duty also, how easy is it to relocate with NFA items when you PCS? What if the state your moving too doesn't allow SBR's or supressors?

Posted: 12/17/2010 8:18:02 AM EDT

[#30]

Quoted:
I will be purchasing my first supressor in 2011, but before I start the process I'm going to have a trust made. Since your active duty also, how easy is it to relocate with NFA items when you PCS? What if the state your moving too doesn't allow SBR's or supressors?

Then you're SOL. You can either leave them behind, in some type of safety deposit box or vault and hope you move back some day, or get rid of them completely.

If you're moving to an NFA friendly state, you simply have to fill out a form that amends your address and send it to the NFA branch. It's not a big deal.

Posted: 12/17/2010 9:20:29 AM EDT

[#31]

Quoted:

Quoted:
How much was it to setup?

This. I'm waiting on legal software to create mine.

Meh, I used Quicken Willmaker.

Posted: 12/17/2010 9:23:28 AM EDT

[#32]

Quoted:
Congrats, I had to form a corp here in Texas. It cost me $300, a small price to pay to not have to bow down before my local sheriff.

Yeah, but if your corporation ever dissolves either for nonpayment of dues, filing of paperwork etc. then you end up in possession of a contraband NFA weapon.

A Trust is a one time deal.

Posted: 12/17/2010 9:24:48 AM EDT

[#33]

Quoted:

Quoted:
I really want a suppressor(s).

I think I might go the signoff route. I hear the CLEO and staff here are very NFA friendly.

F that. Do a trust. There's more start up cost, but it's much better for having access by family members/friends, no fingerprints, and easier to manage if something should happen to you.

Transfers are also faster on a trust because there are no prints to run and they don't send it to the FBI for a background check.