Armory Sponsor
Posted: 12/9/2013 2:44:41 AM EDT
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Even though there are rule changes regarding trusts that are pending, I am still thinking of doing one.
I found a couple of online places that offer this service for a small fee, and I know Quicken WIll maker will do a trust. My question is this.. If I go this route, is just a matter of buying the NFA item I want and sending the paperwork in for ATF approval? Or does the ATF actually need to approve the formation of the trust itself even before I make a purchase. I think the answer is no, but I just want to make sure. |
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The ATF doesn't approve your trust, they approve you to pay the $200 transfer tax per NFA item.
SBR that you "manufacture" from parts (factory SBR is more like suppressor): 1. Form trust. 2. Submit Form 1 to ATF (pay $200 tax). 3. ATF approves application. 4. Build SBR. Suppressor: 1. Form trust. 2. Find a local (in state) FFL Class 2/3 SOT to buy suppressor through or to do the transfer if you purchase from the manufacturer or online. 3. Manufacturer/vendor submits Form 3 to ATF to transfer the suppressor to your local dealer. 4. ATF approves transfer and manufacturer ships to your dealer. 5. Submit Form 4 to ATF. 6. ATF approves application. 7. Take possession of suppressor. |
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