Armory Sponsor
Posted: 12/3/2016 9:30:00 AM EDT
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The instructions I received with my trust say that I have to fund it first by putting $10 in a sealed envelope, writing the name of the trust on the envelope, etc.
What it doesn't say is, do I list the $10, which is technically an asset of the trust, on the Schedule A where I would list all my stuff? |
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Yep. Since the purpose of a trust is to control property, in a lot of instances they're not valid until they "own" something. Depending on the state, how the trust was written, and which person at the ATF reviews it...it may or may not get kicked back if the Schedule is blank.
I funded mine with the first $200 I'd use for a stamp. This is what the copy looks like I've sent to the ATF dozens of times: 
The updated copy stays at home. |
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Quoted:
Yep. Since the purpose of a trust is to control property, in a lot of instances they're not valid until they "own" something. Depending on the state, how the trust was written, and which person at the ATF reviews it...it may or may not get kicked back if the Schedule is blank. I funded mine with the first $200 I'd use for a stamp. This is what the copy looks like I've sent to the ATF dozens of times: http://i751.photobucket.com/albums/xx151/thegreghorton/Mobile%20Uploads/C79DAB69-65C2-4EBB-8B61-CE7E84FC67AD_zpslnndvk8e.jpg The updated copy stays at home. Got it. Thanks! |
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Quoted:
The instructions I received with my trust say that I have to fund it first by putting $10 in a sealed envelope, writing the name of the trust on the envelope, etc. What it doesn't say is, do I list the $10, which is technically an asset of the trust, on the Schedule A where I would list all my stuff? Yes. You'd put the serial number on your schedule A The traditional way was to staple a $20 to the trust in order to fund it. |
Armory Sponsor