Do any of you use a separate bank account for your NFA trust? I have heard that people set it up so that the actual trust is also doing the purchase instead of transferring into it. Is this a waste?
Thanks.
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Do any of you use a separate bank account for your NFA trust? I have heard that people set it up so that the actual trust is also doing the purchase instead of transferring into it. Is this a waste?
Thanks.
No
You're not "transferring" if you purchase as the trust and sign a check/MO from your personal account as "trustee"
https://www.ar-15.co/threads/123305-...=1#post1466459
Listen to NFATrustGuy and stop getting twisted up about having bank accounts for a gun trust.
But I wanted to debate the topic again with Friday.. lather.. rinse.. repeat.. :pQuote:
Originally Posted by brutal
I just wanted to beat you to the first reply.Quote:
Originally Posted by asmo
There was a thread / discussion on Trust bank accounts ?[facepalm]Quote:
Originally Posted by brutal