Forums
New posts
Search forums
What's new
Articles
Latest reviews
Author list
Classifieds
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Rifles, Reloading, Optics, Equipment
Suppressors
Loaning a suppressor on private property?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Gcan" data-source="post: 1788608" data-attributes="member: 102867"><p>You are right bout the new trust requirements, however (unless I'm wrong) there is still a couple benefits to a trust. Most ppl do not know that if they own any NFA item and die, all the NFA items become non transferable. And I'm also told they must be turned in to ATF. If those same items are owned thru a trust and that trust has at least one person who has been legally added, then the NFA items are fine. They can be transferred. Another benefit (I'm told) is if you hold NFA items Personally, you and buyer must go through same (many month) stamp process if you wish to sell any NFA item. However, if you hold NFA items in a trust and pass away, or have one or several items in a trust (some people have several trusts) a buyer can simply be added to the trust legally (prints/background) and assume the trust. You are basically selling the trust, not NFA items. I'm not certain if its that simple but I was told by ATF agent it was. I know it works with real estate. You are selling the entity not the items. If true, that is probably the best reason to maintain a trust/s for your NFA items. Anyone have any experience with this?</p></blockquote><p></p>
[QUOTE="Gcan, post: 1788608, member: 102867"] You are right bout the new trust requirements, however (unless I’m wrong) there is still a couple benefits to a trust. Most ppl do not know that if they own any NFA item and die, all the NFA items become non transferable. And I’m also told they must be turned in to ATF. If those same items are owned thru a trust and that trust has at least one person who has been legally added, then the NFA items are fine. They can be transferred. Another benefit (I’m told) is if you hold NFA items Personally, you and buyer must go through same (many month) stamp process if you wish to sell any NFA item. However, if you hold NFA items in a trust and pass away, or have one or several items in a trust (some people have several trusts) a buyer can simply be added to the trust legally (prints/background) and assume the trust. You are basically selling the trust, not NFA items. I’m not certain if its that simple but I was told by ATF agent it was. I know it works with real estate. You are selling the entity not the items. If true, that is probably the best reason to maintain a trust/s for your NFA items. Anyone have any experience with this? [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Rifles, Reloading, Optics, Equipment
Suppressors
Loaning a suppressor on private property?
Top