Armory Sponsor
Posted: 4/7/2015 9:07:49 AM EDT
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So I'm looking for opinions on why to do.
I have been filing forms individually for a few years now. My CLEO signs off same day for me, so I have no issues with that. Now I'm waiting on a form 3 for my first MG. Well with the wait times being so drastically different I'm considering forming a trust to do this form 4. I imagine it'll be transferred by June to my dealer so that's when I'd be filing. Thoughts? |
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As I see it, there are 3 primary benefits to using a NFA trust.
1. No CLEO sign off. (Not a problem for you) 2. Faster processing time over paper. Currently this is true, but may change in the future. The speculation is that there may be less of a background check conducted, possibly only a cursory exam of the trust against known state law restrictions. 3. Allowing access to your NFA items to others when you are not physically present. #3 was the biggie for me. I wanted to allow my wife access to our only gun safe, when I was not home, without her being subject to arbitrary federal persecution/prosecution. Being able to add my brother (or anyone else I trust) to the list at any time was a bonus. |
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Quoted:
As I see it, there are 3 primary benefits to using a NFA trust. 1. No CLEO sign off. (Not a problem for you) 2. Faster processing time over paper. Currently this is true, but may change in the future. The speculation is that there may be less of a background check conducted, possibly only a cursory exam of the trust against known state law restrictions. 3. Allowing access to your NFA items to others when you are not physically present. #3 was the biggie for me. I wanted to allow my wife access to our only gun safe, when I was not home, without her being subject to arbitrary federal persecution/prosecution. Being able to add my brother (or anyone else I trust) to the list at any time was a bonus. 2 and 3 are why I'm questioning everything. Those are the benefits I'm after. But on the other hand I like knowing that I own the nfa items in my name....as opposed to a trust owning them. Does this make you or anyone nervous? They're not actually in your name, so literally not yours. This is the part that makes me nervous. Possibly one day the ATF saying trusts can't own these items. |
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Quoted:
2 and 3 are why I'm questioning everything. Those are the benefits I'm after. But on the other hand I like knowing that I own the nfa items in my name....as opposed to a trust owning them. Does this make you or anyone nervous? They're not actually in your name, so literally not yours. This is the part that makes me nervous. Possibly one day the ATF saying trusts can't own these items. Quoted:
Quoted:
As I see it, there are 3 primary benefits to using a NFA trust. 1. No CLEO sign off. (Not a problem for you) 2. Faster processing time over paper. Currently this is true, but may change in the future. The speculation is that there may be less of a background check conducted, possibly only a cursory exam of the trust against known state law restrictions. 3. Allowing access to your NFA items to others when you are not physically present. #3 was the biggie for me. I wanted to allow my wife access to our only gun safe, when I was not home, without her being subject to arbitrary federal persecution/prosecution. Being able to add my brother (or anyone else I trust) to the list at any time was a bonus. 2 and 3 are why I'm questioning everything. Those are the benefits I'm after. But on the other hand I like knowing that I own the nfa items in my name....as opposed to a trust owning them. Does this make you or anyone nervous? They're not actually in your name, so literally not yours. This is the part that makes me nervous. Possibly one day the ATF saying trusts can't own these items. If they change their mind, there are tens of thousands of trust owned suppressors and SBRs in this country. Think they are going to come and get them? |
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Quoted:
If they change their mind, there are tens of thousands of trust owned suppressors and SBRs in this country. Think they are going to come and get them? Quoted:
Quoted:
Quoted:
As I see it, there are 3 primary benefits to using a NFA trust. 1. No CLEO sign off. (Not a problem for you) 2. Faster processing time over paper. Currently this is true, but may change in the future. The speculation is that there may be less of a background check conducted, possibly only a cursory exam of the trust against known state law restrictions. 3. Allowing access to your NFA items to others when you are not physically present. #3 was the biggie for me. I wanted to allow my wife access to our only gun safe, when I was not home, without her being subject to arbitrary federal persecution/prosecution. Being able to add my brother (or anyone else I trust) to the list at any time was a bonus. 2 and 3 are why I'm questioning everything. Those are the benefits I'm after. But on the other hand I like knowing that I own the nfa items in my name....as opposed to a trust owning them. Does this make you or anyone nervous? They're not actually in your name, so literally not yours. This is the part that makes me nervous. Possibly one day the ATF saying trusts can't own these items. If they change their mind, there are tens of thousands of trust owned suppressors and SBRs in this country. Think they are going to come and get them? No, not worried about SBR/SBS, suppressors. More concerned with MG's. |
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Quoted:
"Having access" to the safe is a pretty thin reason for setting up a trust IMO, as it will not bring "federal prosecution" True, and for me, the benefit is more about my wife being able to go to the range with it, without me being there. My wife has her own membership to our range-so she can go without me, but Im not sure that she would really ever need to bring the MG when Im NOT there. So this is really still not a good enough reason on its own to do the trust. |
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