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Posted: 7/10/2015 9:07:42 AM EDT
| So I have a trust for a suppressor and am about to send the paperwork in for an sbr. On my last page is the "SCHEDULE OF FIREARMS PROPERTY" numbered list with the suppressor on #1 obviously. Do I just add the sbr info on the #2 spot when I submit it with my sbr paperwork? Do I need to get that spot notarized or anything? That page itself isn't notarized, just the first page. |
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So I have a trust for a suppressor and am about to send the paperwork in for an sbr. On my last page is the "SCHEDULE OF FIREARMS PROPERTY" numbered list with the suppressor on #1 obviously. Do I just add the sbr info on the #2 spot when I submit it with my sbr paperwork? Do I need to get that spot notarized or anything? That page itself isn't notarized, just the first page. Not required to be notarized generally. The schedule only has to be submitted with the trust if the trust itself makes reference to the schedule. If that is case, people have been approved by listing nothing, listing $200, The SN of the item being applied for, or the SN of all the items in the trust. |
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Why the $2 bill? I remember reading about like a dollar being attached to it before but I paid by cc.... It is often stated that the Trust has to be "funded" by something prior to the first NFA item being approved to the trust. Many people have used a dollar bill. I used a Win 97 that has been in the family for generations. I'm not sure if anything HAS to actually fund the trust, but what the hay....... |
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It is often stated that the Trust has to be "funded" by something prior to the first NFA item being approved to the trust. Many people have used a dollar bill. I used a Win 97 that has been in the family for generations. I'm not sure if anything HAS to actually fund the trust, but what the hay....... Quoted:
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Why the $2 bill? I remember reading about like a dollar being attached to it before but I paid by cc.... It is often stated that the Trust has to be "funded" by something prior to the first NFA item being approved to the trust. Many people have used a dollar bill. I used a Win 97 that has been in the family for generations. I'm not sure if anything HAS to actually fund the trust, but what the hay....... I never "funded" mine and have multiple approvals |
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It is often stated that the Trust has to be "funded" by something prior to the first NFA item being approved to the trust. Many people have used a dollar bill. I used a Win 97 that has been in the family for generations. I'm not sure if anything HAS to actually fund the trust, but what the hay....... Quoted:
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Why the $2 bill? I remember reading about like a dollar being attached to it before but I paid by cc.... It is often stated that the Trust has to be "funded" by something prior to the first NFA item being approved to the trust. Many people have used a dollar bill. I used a Win 97 that has been in the family for generations. I'm not sure if anything HAS to actually fund the trust, but what the hay....... Depends on the state. Some states require that the trust be funded to be a valid legal document, some don't. |
Mine had to be funded upon creation as well ($10). My trust does not use a schedule A, which is the page you mentioned. Looking through a ton of NFA trusts from various Law firms as well as comments about 41p I would advise adding the new item to your trust, just so it holds up under scrutiny. Given that you are form 1-ing an SBR add the unmodified receiver to an updated copy of your property sheet. Read through the bulk of your trust (Ctrl-F in .pdf) for "schedule of property" and see what it says. Mine has language for individual "Assignments of Property" that while they have to be notarized are not actual components of the trust document, unlike your Schedule A. I would hate to see people not updating and submitting their trusts per legal requirements be used as a point in favor of 41p. Plus, It might cut time off the "examination" for your form allowing another persons to get done that day. 
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Quoted: Ya I plan on adding it. I see a lot of people say they don't add anything but don't give a reason. I just figured there has to be a reason since that trust is what your items on used under. Oh well |
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Mine had to be funded upon creation as well ($10). My trust does not use a schedule A, which is the page you mentioned. Looking through a ton of NFA trusts from various Law firms as well as comments about 41p I would advise adding the new item to your trust, just so it holds up under scrutiny. Given that you are form 1-ing an SBR add the unmodified receiver to an updated copy of your property sheet. Read through the bulk of your trust (Ctrl-F in .pdf) for "schedule of property" and see what it says. Mine has language for individual "Assignments of Property" that while they have to be notarized are not actual components of the trust document, unlike your Schedule A. I would hate to see people not updating and submitting their trusts per legal requirements be used as a point in favor of 41p. Plus, It might cut time off the "examination" for your form allowing another persons to get done that day. Sounds like you are sending in a schedule A along with each form submission. If that is the case, it is not required. I absolutely would not recommend a document floating around with assets covered by the trust. Especially NFA items. Maybe I misunderstood? |
| When i file a form 1 or 4 i submit a copy of my trust,copy of certification of trust and schedule a which shows an initinal funding of $200. Once a form 1 or 4 come back i add them to a revised schedule a which lists all of the assets the trust holds.. I have never sent this rev sch a to the batfe and have half a dozen stamps or so. Keep a prited copy in the safe, a digital copy on my computer and a backup thumb drive in my safe. |
| Every time I add an item to my trust. I update the Schedule A with the new item and I fill out an "Assignment of Property" sheet officially adding it to the trust. It was part of my trust paperwork. I saved that page and the Schedule A as separate documents so I can reprint them as necessary so I don't have to print the whole thing. |
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If the trust says there is a schedule A, if you don't send in a Schedule A they will reject it. You have to send it in, even if it's blank. This is correct. ^^^^^ the question then comes down to do you send the current schedule A with all assests belonging to the trust listed on it, or the original schedule A from the time the trust was formed. I send in only the original schedule A so they have a complete trust. I have never heard of a rejection for not sending in the most current one. |
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This is correct. ^^^^^ the question then comes down to do you send the current schedule A with all assests belonging to the trust listed on it, or the original schedule A from the time the trust was formed. I send in only the original schedule A so they have a complete trust. I have never heard of a rejection for not sending in the most current one. Quoted:
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If the trust says there is a schedule A, if you don't send in a Schedule A they will reject it. You have to send it in, even if it's blank. This is correct. ^^^^^ the question then comes down to do you send the current schedule A with all assests belonging to the trust listed on it, or the original schedule A from the time the trust was formed. I send in only the original schedule A so they have a complete trust. I have never heard of a rejection for not sending in the most current one. This is how I do mine ^^^^^ In addition, the item does not get added to your trust or documented on your schedule A until you have the stamp in hand. |
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Quoted: I never "funded" mine and have multiple approvals Quoted: Quoted: Quoted: Why the $2 bill? I remember reading about like a dollar being attached to it before but I paid by cc.... It is often stated that the Trust has to be "funded" by something prior to the first NFA item being approved to the trust. Many people have used a dollar bill. I used a Win 97 that has been in the family for generations. I'm not sure if anything HAS to actually fund the trust, but what the hay....... I never "funded" mine and have multiple approvals |
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Same. Quoted:
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Why the $2 bill? I remember reading about like a dollar being attached to it before but I paid by cc.... It is often stated that the Trust has to be "funded" by something prior to the first NFA item being approved to the trust. Many people have used a dollar bill. I used a Win 97 that has been in the family for generations. I'm not sure if anything HAS to actually fund the trust, but what the hay....... I never "funded" mine and have multiple approvals This whole thing still confuses me. Likr a lot of guys here, I have a 199trust.com trust. It has an assignement sheet, but what do I do with that? How does writing something on that sheet "fund" the trust? The trust has it's own bank account which has money in it...shouldn't that fund the trust? |
| My trust has a schedule A. I funded my trust by transferring a handgun into the trust and it's the first item on my schedule A. Every suppressor I get I put on the schedule A and then rescan entire trust to have it up to date. I created a second trust for SBRs (I didn't like first trust name for engraving purposes) and I funded that trust with the lower that I used to build my first SBR. I add subsequent receivers / firearms to schedule A as I go and rescan trust with updated schedule A accordingly. |
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I never "funded" mine and have multiple approvals So what did your trust hold for the beneficiary? It's hard for me to believe that a valid trust was established by a settlor that held nothing for a beneficiary. And I mean valid in the sense of a valid trust not what passed ATF muster. Posted Via AR15.Com Mobile |
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