Posted: 2/24/2013 5:13:21 PM EDT
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Anyone have an example of a Missouri NFA trust they would be willing to share, or experiences they would like to share? |
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Quoted:
This doesn't have much to say for a trust, but I just went the individual route for the first time in Platte County and it was very easy. I did have to meet with the sheriffs delegate befor he would sign my form though, but was very easy. On an SBR or suppressor? |
| Sbr first, suppressor once I can find what I want in stock. He told me to just bring the forms back again and he would sign them again. This was the best option for me, I'll be moving possibly out of state in a few years and if so I didn't want to mess with moving a trust. |
| First, there is no substitute for legal advice from a lawyer. Although there may be many situations where a 'basic' trust may cover you, things do change, marriage, divorce, etc. There is a reason certain things should be done right and not 'quick and dirty'. My opinion is that if you were to remove the lawyer aspect from the trust (removes much of the cost too) that it devalues the power of a form 4 submitted with a proper NFA trust. I urge anyone looking to go this route to research your situation and really consult someone with ACTUAL knowledge on the subject at hand and not just word of mouth. |
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Quoted:
First, there is no substitute for legal advice from a lawyer. Although there may be many situations where a 'basic' trust may cover you, things do change, marriage, divorce, etc. There is a reason certain things should be done right and not 'quick and dirty'. My opinion is that if you were to remove the lawyer aspect from the trust (removes much of the cost too) that it devalues the power of a form 4 submitted with a proper NFA trust. I urge anyone looking to go this route to research your situation and really consult someone with ACTUAL knowledge on the subject at hand and not just word of mouth. I agree with this as well. I know people are looking to spend as little as possible, but when it comes to felonies, fines, and prison time, I'll spend a bit more to let me sleep at night in my own bed, knowing what I have done is correct and protected by an attorney that will represent me if anything happens. But your mileage may vary... Bill |
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Quoted: Where is this sound coming from???Sounds like some of the requirements for nfa trusts could be changing soon (adding requirements for trustee fingerprints). If one were to drop a lot of coin on one thinking it will work like it has for the last couple of years might end up disappointed. |
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Quoted: From the ATF, of course. At the behest of any number of meddling politicians. Quoted: Where is this sound coming from???Sounds like some of the requirements for nfa trusts could be changing soon (adding requirements for trustee fingerprints). If one were to drop a lot of coin on one thinking it will work like it has for the last couple of years might end up disappointed.  I would like to know if a Trust formed in MO can "own" a LLC since my current NFA items are held by a LLC. Obviously I am trying to avoid paying the $200-per transfer tax again in any way possible. |
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I just got recent quotes from guntrust lawyers.com
Originally Written by Guntrustlawyers.com:
Here are some of the more significant differences in the trusts |
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Quoted: Quoted: From the ATF, of course. At the behest of any number of meddling politicians. Quoted: Where is this sound coming from???Sounds like some of the requirements for nfa trusts could be changing soon (adding requirements for trustee fingerprints). If one were to drop a lot of coin on one thinking it will work like it has for the last couple of years might end up disappointed. I would like to know if a Trust formed in MO can "own" a LLC since my current NFA items are held by a LLC. Obviously I am trying to avoid paying the $200-per transfer tax again in any way possible. OK, I guess I should have worded it, Is there a source where this is posted, so that one can go read up on it??? I looked on guntrustlayer.com and on the ATFs website and it very well could have been there, but I did not see it. |
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This one is from ny times (ya i know ny times).
"Mike Campbell, a spokesman for the Bureau of Alcohol, Tobacco, Firearms and Explosives, which enforces firearms regulations, said that applications filed with the A.T.F. for transfers of restricted firearms to trusts or corporations have more than doubled in the last four years, to more than 39,000 in 2012 from about 15,000 in 2008. He said the increase was largely attributable to the growth in the number of trusts. Mr. Campbell confirmed that under current regulations, background checks were not required for the buying of restricted firearms through trusts. The agency, he added, was aware of the loophole and was reviewing changes to close it." http://www.nytimes.com/2013/02/26/us/in-gun-trusts-a-legal-loophole-for-restricted-firearms.html?hp&_r=1& I seem to remember another statement that included a date for review (and indicated that the change might be able to be made administratively) but can't seem to find that one now. Sorry about not being able to provide the source. |
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Quoted:
Quoted:
Quoted:
From the ATF, of course. At the behest of any number of meddling politicians. Quoted:
Where is this sound coming from???
Sounds like some of the requirements for nfa trusts could be changing soon (adding requirements for trustee fingerprints). If one were to drop a lot of coin on one thinking it will work like it has for the last couple of years might end up disappointed.
I would like to know if a Trust formed in MO can "own" a LLC since my current NFA items are held by a LLC. Obviously I am trying to avoid paying the $200-per transfer tax again in any way possible. OK, I guess I should have worded it, Is there a source where this is posted, so that one can go read up on it??? I looked on guntrustlayer.com and on the ATFs website and it very well could have been there, but I did not see it. Here's the link to the proposed rule change http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201210&RIN=1140-AA43 |