Armory Sponsor
Posted: 7/14/2016 3:31:18 PM EDT
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I was wondering about purchases after 41F. I have a trust where it's me, my wife, my mother and one guy I hunt with. If I wanted to make a second trust, with must me and one other, say my buddy, can I do that? I would be the only person really using the silencers. I don't share with my buddy, he's just on my trust so that if I die, he can take control of my items and sell them off. Or hold onto them until my daughter is of age. She's only three now, so I will be a while before I know is she will like the whole gun thing. I"m praying and working on her but you never know.
Reason I want a second trust for future purchases, is so I won't have to have my mom or wife go through the hassel of fingerprinting and ID. They are really not hunters or gun shooters. I just need one guy to take control of my items. In the future, I'd hand over the trusts to my daughter. I'm not trying to circumvent any responsibility, just make it easy. I've already been fingerprinted for CHL, so I don't really care. |
| So make your wife, your mom and your hunting buddy "Successor trustees" in case of your death, that way, between the 3 of them- one of them can take control and make sure your daughter (the beneficiary) receives the items left to her in the trust. This way, you keep it all in 1 trust, and only you need to do fingerprints and photographs for future purchases. |
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All this trustee talk depends on the wording of your trust.
If you look on ATFs site for 41F: Who is a Responsible Person?
Examples of who may be considered a responsible person of a trust or legal entity include: Settlors/Grantors Trustees Partners Members Officers Board members Owners Beneficiaries – if said beneficiary has the capability to exercise any of the powers or authorities enumerated above. Successor trustees, typically include wording that makes it clear they are not actually trustees, until the death of settlor/grantor for the trust. So they really dont hold any power to direct policy or posses firearms the trust owns. It is essentially what you described your hunting buddy as doing for your daughter in your time of death. |
Armory Sponsor