Posted: 9/10/2016 3:00:18 PM EDT
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I'm looking to setup a Gun Trust to buy a silencer.
What is the best way to do this process? I'm looking at silencershop.com or 199trust.com. Has anyone use either, would it be better to use a local lawyer? |
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Quoted:
I'm looking to setup a Gun Trust to buy a silencer. What is the best way to do this process? I'm looking at silencershop.com or 199trust.com. Has anyone use either, would it be better to use a local lawyer? Using a trust to buy NFA stuff has very few advantages becauuse of ATF rule 41p having promulgated earlier this year. It no longer allows you to bypass any of the unreasonable hurdles as it once did and no longer allows you access to eForms. Unless you're using it for estate planning purposes you really shouldn't bother. The only real advantage now is not needing to do a transfer when you die. |
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Quoted:
Using a trust to buy NFA stuff has very few advantages becauuse of ATF rule 41p having promulgated earlier this year. It no longer allows you to bypass any of the unreasonable hurdles as it once did and no longer allows you access to eForms. Unless you're using it for estate planning purposes you really shouldn't bother. The only real advantage now is not needing to do a transfer when you die. Quoted:
Quoted:
I'm looking to setup a Gun Trust to buy a silencer. What is the best way to do this process? I'm looking at silencershop.com or 199trust.com. Has anyone use either, would it be better to use a local lawyer? Using a trust to buy NFA stuff has very few advantages becauuse of ATF rule 41p having promulgated earlier this year. It no longer allows you to bypass any of the unreasonable hurdles as it once did and no longer allows you access to eForms. Unless you're using it for estate planning purposes you really shouldn't bother. The only real advantage now is not needing to do a transfer when you die. Not all true. If you have a trust, any cotrustees you appoint can be in possession of any of your NFA items without you being there. So say me and some friends go in on a trust and one of them wants to shoot a MG that I purchased using our trust. He does not have to have me present with him if he wanted to shoot it with my permission. |
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Quoted:
Not all true. If you have a trust, any cotrustees you appoint can be in possession of any of your NFA items without you being there. So say me and some friends go in on a trust and one of them wants to shoot a MG that I purchased using our trust. He does not have to have me present with him if he wanted to shoot it with my permission. Quoted:
Quoted:
Quoted:
I'm looking to setup a Gun Trust to buy a silencer. What is the best way to do this process? I'm looking at silencershop.com or 199trust.com. Has anyone use either, would it be better to use a local lawyer? Using a trust to buy NFA stuff has very few advantages becauuse of ATF rule 41p having promulgated earlier this year. It no longer allows you to bypass any of the unreasonable hurdles as it once did and no longer allows you access to eForms. Unless you're using it for estate planning purposes you really shouldn't bother. The only real advantage now is not needing to do a transfer when you die. Not all true. If you have a trust, any cotrustees you appoint can be in possession of any of your NFA items without you being there. So say me and some friends go in on a trust and one of them wants to shoot a MG that I purchased using our trust. He does not have to have me present with him if he wanted to shoot it with my permission. This brings up a question. Say my cousin from Kalamazoo wants to shoot my trust gun while he visits. Can I just add him as a co-trustee when he arrives, then remove him when he returns home? |
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Quoted: This brings up a question. Say my cousin from Kalamazoo wants to shoot my trust gun while he visits. Can I just add him as a co-trustee when he arrives, then remove him when he returns home? Quoted: Quoted: Quoted: Quoted: I'm looking to setup a Gun Trust to buy a silencer. What is the best way to do this process? I'm looking at silencershop.com or 199trust.com. Has anyone use either, would it be better to use a local lawyer? Using a trust to buy NFA stuff has very few advantages becauuse of ATF rule 41p having promulgated earlier this year. It no longer allows you to bypass any of the unreasonable hurdles as it once did and no longer allows you access to eForms. Unless you're using it for estate planning purposes you really shouldn't bother. The only real advantage now is not needing to do a transfer when you die. Not all true. If you have a trust, any cotrustees you appoint can be in possession of any of your NFA items without you being there. So say me and some friends go in on a trust and one of them wants to shoot a MG that I purchased using our trust. He does not have to have me present with him if he wanted to shoot it with my permission. This brings up a question. Say my cousin from Kalamazoo wants to shoot my trust gun while he visits. Can I just add him as a co-trustee when he arrives, then remove him when he returns home? Only if you want him to have unsupervised access. If you're both together at the range at the time you can just let him use it under your supervision. |
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Quoted:
This brings up a question. Say my cousin from Kalamazoo wants to shoot my trust gun while he visits. Can I just add him as a co-trustee when he arrives, then remove him when he returns home? Quoted:
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Quoted:
I'm looking to setup a Gun Trust to buy a silencer. What is the best way to do this process? I'm looking at silencershop.com or 199trust.com. Has anyone use either, would it be better to use a local lawyer? Using a trust to buy NFA stuff has very few advantages becauuse of ATF rule 41p having promulgated earlier this year. It no longer allows you to bypass any of the unreasonable hurdles as it once did and no longer allows you access to eForms. Unless you're using it for estate planning purposes you really shouldn't bother. The only real advantage now is not needing to do a transfer when you die. Not all true. If you have a trust, any cotrustees you appoint can be in possession of any of your NFA items without you being there. So say me and some friends go in on a trust and one of them wants to shoot a MG that I purchased using our trust. He does not have to have me present with him if he wanted to shoot it with my permission. This brings up a question. Say my cousin from Kalamazoo wants to shoot my trust gun while he visits. Can I just add him as a co-trustee when he arrives, then remove him when he returns home? Yes that is the primary advantage of using a trust. |
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Quoted: Only if you want him to have unsupervised access. If you're both together at the range at the time you can just let him use it under your supervision. Quoted: Quoted: Quoted: Quoted: Quoted: I'm looking to setup a Gun Trust to buy a silencer. What is the best way to do this process? I'm looking at silencershop.com or 199trust.com. Has anyone use either, would it be better to use a local lawyer? Using a trust to buy NFA stuff has very few advantages becauuse of ATF rule 41p having promulgated earlier this year. It no longer allows you to bypass any of the unreasonable hurdles as it once did and no longer allows you access to eForms. Unless you're using it for estate planning purposes you really shouldn't bother. The only real advantage now is not needing to do a transfer when you die. Not all true. If you have a trust, any cotrustees you appoint can be in possession of any of your NFA items without you being there. So say me and some friends go in on a trust and one of them wants to shoot a MG that I purchased using our trust. He does not have to have me present with him if he wanted to shoot it with my permission. This brings up a question. Say my cousin from Kalamazoo wants to shoot my trust gun while he visits. Can I just add him as a co-trustee when he arrives, then remove him when he returns home? Only if you want him to have unsupervised access. If you're both together at the range at the time you can just let him use it under your supervision. |
| My lawyer is drawing one up now. Cost me $300 but I feel better knowing a lawyer from my state who specializes in this stuff is the one making the trust. I also want my wife to be able to be in possession of the nfa items. However I've never seen anyone having a bad experience with online trusts. |
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Quoted: I was going to put my wife and daughter on it, but may not be worth it. Quoted: Quoted: Do you have a reason to use a trust? I was going to put my wife and daughter on it, but may not be worth it. They'll have to do fingerprints and such as well whenever you find an NFA item you want |
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Quoted: I was going to put my wife and daughter on it, but may not be worth it. Quoted: Quoted: Do you have a reason to use a trust? I was going to put my wife and daughter on it, but may not be worth it. |
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Quoted: They'll have to do fingerprints and such as well whenever you find an NFA item you want Quoted: Quoted: Quoted: Do you have a reason to use a trust? I was going to put my wife and daughter on it, but may not be worth it. They'll have to do fingerprints and such as well whenever you find an NFA item you want |
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Quoted: Now that we have 41P, do you have to buy it the first time as an individual then transfer it to a trust, incurring another $200 transfer? No, you can transfer straight to trusts or individuals, same as before. Main difference is now if using a trust, all trustees with control over managing trust property ("responsible persons") must submit a form including their photograph and fingerprints, similar to how an individual would file. |