Possum Cop
Well-Known Member
I went with the Trust on my first one 11 years ago and I put all of my cans on the same Trust. The "Obama" change makes every person on the Trust go through a finger print, picture, background check. (Before the change you just attached the suppressor to your Trust and added or took people away as needed.) No one that I knew would risk loosing all of their NFA items by putting a criminal on the Trust like the Democrats said, anyway I digress.Well, I also had the same question as the op. Now I'll be off to spend some money sooner than later.
This post does prompt yet another question; I guess I'm not as educated as I need to be on this subject. I understand there are a few differences on how you choose to file:
- Individual
- Trusts (Single Shot or Traditional NFA)
- Corporation
Of the filing options provided, which is best & why? I'd like to be able to pass the rifles down via inheritance without having the risk of my children or family members having to "give them up."
Again, for those of you who already own and are beyond the headache phase...
My wife, a few trusted friends and my kids are on my Trust.
I believe it's a longer wait and BS at first but in the end it sets our families up to not be hastled in the future.