User Panel
Posted: 1/20/2015 3:05:27 PM EDT
Haven't seen anything since last year on them doing away with the exemptions for trusts getting finger prints and CLEO approval. Did it go through? I thought it was supposed to be in effect this month if it passed?
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Pushed back to June or July. You've got time to Form 1 all the things.
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Well I am somewhat tight on money until after harvest in June but I wondered if I should get the trust set up now and buy my first suppressor. Will these changes mean doing all that for every purchase or just the first time using the trust?
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Quoted:
Well I am somewhat tight on money until after harvest in June but I wondered if I should get the trust set up now and buy my first suppressor. Will these changes mean doing all that for every purchase or just the first time using the trust? View Quote If they actually make those changes, it will be on every form 1 or 4 you fill out. No time like the present to form 1 a half a dozen suppressors. Nothing says you have to actually construct them right away, after all. |
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Quoted: If they actually make those changes, it will be on every form 1 or 4 you fill out. No time like the present to form 1 a half a dozen suppressors. Nothing says you have to actually construct them right away, after all. View Quote View All Quotes View All Quotes Quoted: Quoted: Well I am somewhat tight on money until after harvest in June but I wondered if I should get the trust set up now and buy my first suppressor. Will these changes mean doing all that for every purchase or just the first time using the trust? If they actually make those changes, it will be on every form 1 or 4 you fill out. No time like the present to form 1 a half a dozen suppressors. Nothing says you have to actually construct them right away, after all. |
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If you live under an NFA friendly CLEO I would worry less about it than if you have one that doesn't sign-off.
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I wasn't planning on any homemade ones to start out with (we do have a machine shop here on the farm, it's my dad's hobby. But I don't really know enough to make anything like that) But with the form 1's you would still pay the $200 with the application right? Not later when you make it? I want to do this all now but I don't have funds to spare (or I shouldn't spend what I have), and won't have any more until June-July.
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I wasn't planning on any homemade ones to start out with (we do have a machine shop here on the farm, it's my dad's hobby. But I don't really know enough to make anything like that) But with the form 1's you would still pay the $200 with the application right? Not later when you make it? I want to do this all now but I don't have funds to spare (or I shouldn't spend what I have), and won't have any more until June-July. View Quote You pay up front when you file. When you eFile, they take credit cards. Just an FYI if that's helpful. |
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NFA trusts are out. ATF tech decided that trust's were originally designed on an attorney's desk and were therefore good to go. However the trust was redesigned when it hit the attorney's briefcase and is no longer a person under federal law and therefore cannot make/register NFA firearms. The act of touching the trust to leather actually redesigns the document.
I guess you can get a trust and secure it to your attorney's desk, just don't let it touch leather. |
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Quoted: NFA trusts are out. ATF tech decided that trust's were originally designed on an attorney's desk and were therefore good to go. However the trust was redesigned when it hit the attorney's briefcase and is no longer a person under federal law and therefore cannot make/register NFA firearms. The act of touching the trust to leather actually redesigns the document. I guess you can get a trust and secure it to your attorney's desk, just don't let it touch leather. View Quote |
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I'm lost, I thought trusts were still the way to go with NFA purchases or Form 1's. View Quote View All Quotes View All Quotes Quoted:
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NFA trusts are out. ATF tech decided that trust's were originally designed on an attorney's desk and were therefore good to go. However the trust was redesigned when it hit the attorney's briefcase and is no longer a person under federal law and therefore cannot make/register NFA firearms. The act of touching the trust to leather actually redesigns the document. I guess you can get a trust and secure it to your attorney's desk, just don't let it touch leather. I believe he's making a Sig Brace joke. |
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So if these changes happen, every person in the trust goes through the fingerprints and CLEO sign off with each purchase or form 1 is what I'm understanding. That will suck but still best to have a trust I would say for inheritance and possession issues.
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I believe he's making a Sig Brace joke. View Quote View All Quotes View All Quotes Quoted:
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NFA trusts are out. ATF tech decided that trust's were originally designed on an attorney's desk and were therefore good to go. However the trust was redesigned when it hit the attorney's briefcase and is no longer a person under federal law and therefore cannot make/register NFA firearms. The act of touching the trust to leather actually redesigns the document. I guess you can get a trust and secure it to your attorney's desk, just don't let it touch leather. I believe he's making a Sig Brace joke. That's a bingo! Serious answer, trusts are still being approved as far as I know. The proposed rule change hasn't been implemented and there is speculation that it wont be implemented. |
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will this be retroactive or just apply to future purchases through trusts????
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Quoted: I believe he's making a Sig Brace joke. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: NFA trusts are out. ATF tech decided that trust's were originally designed on an attorney's desk and were therefore good to go. However the trust was redesigned when it hit the attorney's briefcase and is no longer a person under federal law and therefore cannot make/register NFA firearms. The act of touching the trust to leather actually redesigns the document. I guess you can get a trust and secure it to your attorney's desk, just don't let it touch leather. I believe he's making a Sig Brace joke. |
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So if these changes happen, every person in the trust goes through the fingerprints and CLEO sign off with each purchase or form 1 is what I'm understanding. That will suck but still best to have a trust I would say for inheritance and possession issues. View Quote Every responsible person would have to jump through the hoops. In the case of a trust, it would include trustees or anyone authorized by the document to possess the trust property. |
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will this be retroactive or just apply to future purchases through trusts???? View Quote No - get approved today and you're approved. They aren't going to come looking for finger prints and photo's in three years. No worries. ETA: Future trusts once the rule changes (if it does change). |
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will this be retroactive or just apply to future purchases through trusts???? View Quote No - get approved today and you're approved. They aren't going to come looking for finger prints and photo's in three years. No worries. ETA: Future trusts once the rule changes (if it does change). View Quote Gotcha, thanks, I live in a county with a non nfa friendly CLEO (he will not sign off, but will waste your time and have you come down to his office for a few hours for fingerprinting) and only have one of the three things I had planned to get. |
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I hate being a young guy with a new family in the gun hobby! (Not entirely, family is awesome!) But it seems everything I ever wanted to buy has gone way up, got banned from import, or like this is about to get much harder. I missed all the good times I guess! I just have to watch it happen helplessly because I can't buy much.
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Quoted: I hate being a young guy with a new family in the gun hobby! (Not entirely, family is awesome!) But it seems everything I ever wanted to buy has gone way up, got banned from import, or like this is about to get much harder. I missed all the good times I guess! View Quote |
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Can you have a 1 person trust? i.e. nobody I know cares about any of this and certainly won't want to go chase down CLEO sign off.
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Right now is the best you will ever see it. Best thing to do is stock up on bargain mags, and such. View Quote View All Quotes View All Quotes Quoted:
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I hate being a young guy with a new family in the gun hobby! (Not entirely, family is awesome!) But it seems everything I ever wanted to buy has gone way up, got banned from import, or like this is about to get much harder. I missed all the good times I guess! Salad days for mags, lowers, and forms 1 and 4 on trusts. |
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Can you have a 1 person trust? i.e. nobody I know cares about any of this and certainly won't want to go chase down CLEO sign off. View Quote No. Legal and beneficial interests must be separate. If you truly have no one, I guess you could name a charity to be your beneficiary. Like maybe the Brady Campaign |
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Quoted: Salad days for mags, lowers, and forms 1 and 4 on trusts. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: I hate being a young guy with a new family in the gun hobby! (Not entirely, family is awesome!) But it seems everything I ever wanted to buy has gone way up, got banned from import, or like this is about to get much harder. I missed all the good times I guess! Salad days for mags, lowers, and forms 1 and 4 on trusts. |
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Can you have a 1 person trust? i.e. nobody I know cares about any of this and certainly won't want to go chase down CLEO sign off. View Quote before the rules change, you don't have to chase down CLEO to sign off with a trust (and thus the appeal in localities with CLEOs who won't sign off on such)...but you do need moar trustees if I understand this thing correctly. |
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If they actually make those changes, it will be on every form 1 or 4 you fill out. No time like the present to form 1 a half a dozen suppressors. Nothing says you have to actually construct them right away, after all. View Quote View All Quotes View All Quotes Quoted:
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Well I am somewhat tight on money until after harvest in June but I wondered if I should get the trust set up now and buy my first suppressor. Will these changes mean doing all that for every purchase or just the first time using the trust? If they actually make those changes, it will be on every form 1 or 4 you fill out. No time like the present to form 1 a half a dozen suppressors. Nothing says you have to actually construct them right away, after all. Hope you don't mind if a pop in here with a related question OP- RocketmanOU talks about submitting the Form 1 before the suppressor is "constructed" but I don't guess there is any way to treat a Form 4 like that? |
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Quoted: Hope you don't mind if a pop in here with a related question OP- RocketmanOU talks about submitting the Form 1 before the suppressor is "constructed" but I don't guess there is any way to treat a Form 4 like that? View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Well I am somewhat tight on money until after harvest in June but I wondered if I should get the trust set up now and buy my first suppressor. Will these changes mean doing all that for every purchase or just the first time using the trust? If they actually make those changes, it will be on every form 1 or 4 you fill out. No time like the present to form 1 a half a dozen suppressors. Nothing says you have to actually construct them right away, after all. Hope you don't mind if a pop in here with a related question OP- RocketmanOU talks about submitting the Form 1 before the suppressor is "constructed" but I don't guess there is any way to treat a Form 4 like that? |
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Obviously I'm no expert but from my understanding I'm going to say no, as far as I know it's like a 4473 in that it's item and serial # specific. View Quote View All Quotes View All Quotes Quoted:
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Well I am somewhat tight on money until after harvest in June but I wondered if I should get the trust set up now and buy my first suppressor. Will these changes mean doing all that for every purchase or just the first time using the trust? If they actually make those changes, it will be on every form 1 or 4 you fill out. No time like the present to form 1 a half a dozen suppressors. Nothing says you have to actually construct them right away, after all. Hope you don't mind if a pop in here with a related question OP- RocketmanOU talks about submitting the Form 1 before the suppressor is "constructed" but I don't guess there is any way to treat a Form 4 like that? Gotcha- I just read something that kind of implied the same thing. Good luck on your (hopeful) purchase! |
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