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Rifles, Reloading, Optics, Equipment
Suppressors
Silencer shop single shot trusts?
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<blockquote data-quote="Deleted member 103481" data-source="post: 1812382"><p>I have a normal trust and 2 single shot trusts.</p><p></p><p>where the single shot trusts are convenient is is you want to let a friend possess the can and not have to worry about removing them before buying another can. On a regular do it all trust that person would now be a responsible person to all the newly added items and have to submit fingerprints etc. on a single shot they are only tied to the single item you are letting them use.</p><p></p><p>Single shots have to be amended just like a normal trust to add that person legally so they can possess the item, I've done it. You have to get 2 documents notorized one by the main trustee, that you are appointing said supporting trustee and they can legally possess the item, then they must get another document signed agreeing to the appointment. Both of you must keep these copies. This is essentially the same as amending a larger trust, notary and all. You could then remove that person from a larger trust to not have to worry about them being a responsible person on future purchases.</p><p></p><p>the only advantageous thing is if someone often borrows/possesses one item you own and you often buy other items. This way you don't have to remove them every time you don't want them to be a responsible person on new purchases.</p><p></p><p>I do not regret any of my trusts really, it is slightly easier to add remove on a SS because all the documents are laid out simply and there is no initial notary when submitting your form 4. (Though my dealer had to notarize me picking up the items) But going in I thought you didn't have to notarize to add supporting trustees and that's not true. If you're going to buy a can through silencershop and want to do a trust it's it's seamless though so I'd do it again. Then again my most recent purchase had been individual so I'm just trying them all out lol.</p></blockquote><p></p>
[QUOTE="Deleted member 103481, post: 1812382"] I have a normal trust and 2 single shot trusts. where the single shot trusts are convenient is is you want to let a friend possess the can and not have to worry about removing them before buying another can. On a regular do it all trust that person would now be a responsible person to all the newly added items and have to submit fingerprints etc. on a single shot they are only tied to the single item you are letting them use. Single shots have to be amended just like a normal trust to add that person legally so they can possess the item, I’ve done it. You have to get 2 documents notorized one by the main trustee, that you are appointing said supporting trustee and they can legally possess the item, then they must get another document signed agreeing to the appointment. Both of you must keep these copies. This is essentially the same as amending a larger trust, notary and all. You could then remove that person from a larger trust to not have to worry about them being a responsible person on future purchases. the only advantageous thing is if someone often borrows/possesses one item you own and you often buy other items. This way you don’t have to remove them every time you don’t want them to be a responsible person on new purchases. I do not regret any of my trusts really, it is slightly easier to add remove on a SS because all the documents are laid out simply and there is no initial notary when submitting your form 4. (Though my dealer had to notarize me picking up the items) But going in I thought you didn’t have to notarize to add supporting trustees and that’s not true. If you’re going to buy a can through silencershop and want to do a trust it’s it’s seamless though so I’d do it again. Then again my most recent purchase had been individual so I’m just trying them all out lol. [/QUOTE]
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Silencer shop single shot trusts?
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