What Suppressor Trust?

[kfreeze]

What suppressor trust is the best? I have a suppressor waiting at my dealer. I need to get a trust set up before doing paperwork. Not sure if one is better than another?

Also, do you not list trustees until after tax stamp is approved and add them later or are you all adding them immediately?

Please help and clarify what I should do.

Thanks
Steve

My lawyer said that while you can add a trustee after the fact, the atf has never taken that to court as people that haven't been approved by the atf can obtain nfa items that way. After learning that, there is no way I would chance it. Just add them and get them finger printed and ran through the process everytime. And if you add someone, buy another item and get them through the process or do another form 1. With the way things are going politically it isn't worth trying to cut corners. Imho.

 

[Rocketeer77]

What suppressor trust is the best? I have a suppressor waiting at my dealer. I need to get a trust set up before doing paperwork. Not sure if one is better than another?

Also, do you not list trustees until after tax stamp is approved and add them later or are you all adding them immediately?

Please help and clarify what I should do.

Thanks
Steve

Never thought our draconian firearms laws could be better than USA, but suppressers are freely available in any gun shops.

 

[JiminAZ]

As alluded to, what you are asking is a lawyer question and not a gun guy question. We all have experiences that we think are going well but we're not lawyers and we really don't know how well we've done until it gets tested in court or whatever.

I had some legal questions and you should ask them of your trust provider/lawyer.

What is my personal set of goals for the trust? Just one NFA item or many, I have a big family or no family, I have heirs who want them or I don't, I plan to move to another state soon or not, etc.

Once you have the goals in mind these are things to ask and understand:

Who can legally possess under this trust?
What happens when I die? How does this dovetail with my estate plan/will/probate?
What happens if I am legally prevented from owning NFA items going forward, but others on the trust are not? Also same question for someone on the trust becoming legally prevented from owning NFA items.
What happens when I move?
What if someone on the trust moves to another state, friendly or not?
How do I add people to the trust?
How do I remove people from the trust?
How do I add assets (suppressors, SBR's, etc.) to the trust?
What if I go bankrupt or divorce or have a large legal judgment - can these assets be attached? Same question for the other trust participants.

This list is not exhaustive which is why a lawyer has to think about it.

Personally I went with only myself on the trust while acquiring, then I can add parties (at least presently).
If I add people to the trust and then find myself wanting to add assets to the trust, I may just get another trust.

You don't need to get all vapor-locked over this. But the question "what is the best trust" made me think you haven't appreciated the fact that you need to determine your own goals for the trust

 

[Chas1]

What's wrong with posting some missing information? what's wrong with adding the rest so we all have the correct information?

If it's going to bother you when someone adds relevant information to a thread, then you are in the wrong place.

I for one appreciate the knowledge you share here, but don't see anything wrong when someone adds information that is helpful. And don't bother me if what I shared is not entirely accurate and I get called out on it. I learn from it.

That's how we all learn. Just my $.02

Luis

+1

 

[foul bore]

Hello,

I am not sure where you live so this may not apply to you... In Texas and as of September 1, 2021, so long you are a Texas resident and the silencer/suppressor is manufactured in Texas, a trust and tax stamp are not required. They can can be had as an "over-the-counter" item just like muzzle brakes.

have you confirmed this?, This Texan is a little cautious

 

[Treeslug]

OK let's split hairs on this!
Ge Wiz!! I should have said "In their presence " I am almost at the point not to post anything because there will always some wanting to put their One Cents in the thread. I see this all too often when someone is trying to make an informative post and then there is the one to challenge the information just to make their point.
I then click the "Ignore" button, for the post and don't get a chance to see what other's have to offer.

C'mon Tracker. You have, as of this post, 1,739 posts on this forum. You ain't gonna quit posting here. What the hell would we do without you? I'll admit that sometimes I could mow my yard before I could read your whole post, but I don't have any grass, so I keep reading whatever you write about. I liked what wyowin added. I don't think it was intended to be a cheap shot at what you said. Smile and keep on postin'.

 

[CONChunt]

What is the practical need for a trust for suppressor? I get the intent, but in reality, how many times have you ever been asked for proof that you were allowed to possess your suppressor and you had to pull out your trust paperwork?

 

[JiminAZ]

The trust provides for others to transport/possess/use the suppressor without you present. Since the trust "owns" the suppressor and stamp, the trustees can all use it.

If you held the suppressor/stamp personally you would have to be present for all use and transport of the suppressor.

Also the trust outlives you.

And yeah, no one ever asks here in AZ. They are quite common. Might be different in other states.

 

[Treeslug]

The trust provides for others to transport/possess/use the suppressor without you present. Since the trust "owns" the suppressor and stamp, the trustees can all use it.

If you held the suppressor/stamp personally you would have to be present for all use and transport of the suppressor.

Also the trust outlives you.

And yeah, no one ever asks here in AZ. They are quite common. Might be different in other states.

Do any of y'all remember ever being allowed to vote for any of these ATF rules and regulations? For that matter, did you ever vote to create all these alphabet federal agencies? I think not to both of those questions. Congress made up those bureaus. And that my friends means that you had NO say-so in the matter of how your government created these entities that govern so much of your lives today. Why, because when is the last time a politician did as promised during the election that put him/her in office?

Buying a suppressor is one time that you would probably at least talking to a lawyer with some experience in this field. Most likely no one will ever ask you about your tax stamp for your suppressor, but if they do, better to know and be in compliance with federal law.

 

[westexhunt]

I paid Sean Cody (gun trust attorney) to write my Trust when I started buying cans and sbr's in 2009. He has since passed. I recently paid the fee for unlimited single shot trusts and use them now. I'm in Texas and I've never been asked a question about any nfa item by any law enforcement.

 

[Mike Matteson]

I am presently have a trust being set up for a suppressor. It's in my name only. I was told that after I am approved, I can add additional people on to the trust, after I am approved. I started this early this year. Silencer Central does the work for you. The catch is you have to purchase the suppressor from them. They allow you to make payments quarterly to pay the both items. It's my understand if you want additional suppressors you have to pay and additional $200.00 fee to the Fed's for each suppressor. You are looking at 6 to 14 months to get the approval from the Fed's. If you try to put other people on the trust at the start it just muddies the water. Anybody you put on it, better not have any felonies against them. It's against the law for them to have one or be caught with one.

 

[lobo56]

I have already purchased the TBAC Ultra 7 Gen 2. Just need to find a trust to submit paperwork.

You can just do it yourself! I opened a Trust bank account and everything comes out of it for the trust. Just need to know a notary and get some signatures and witnesses.

 

[lobo56]

I paid Sean Cody (gun trust attorney) to write my Trust when I started buying cans and sbr's in 2009. He has since passed. I recently paid the fee for unlimited single shot trusts and use them now. I'm in Texas and I've never been asked a question about any nfa item by any law enforcement.

He passed? I didn't know that! Good guy!

 

[10oclockbob]

Single shot trust will cost you 24.95 each or buy unlimited one for 125. Then when you get your tax stamp you list whomever you want or as many as you want and have proper forms notarized and it's a done deal.