How does the trust purchase a NFA firearm?

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Originally Posted by SA Friday

You are correct, the transfer hasn't happened yet and is pending. I have been clearly instructed by both a lawyer and the ATF to add it to the Schedule A and denoted as pending. The schedule A can be either a blank copy with just the pending item or a copy of all the items with stamps and then added as pending to the bottom of it. When it's back you can either add it to the original schedule A or line out the pending and add the number. Either is legal. Ultimately, I don't think it matters at all if you add it or not, but after talking to the NFA office about it, I do what they told me to do.

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One other small thing about having a bank account in the name of the Trust, and paying for the stamp with said account, you don't need to include a Schedule A with the submission. I have been told multiple times that the reason for the Schedule A (to the ATF) is to prove that the Trust is funded - that's all. If you send them a check from the Trust's bank account it accomplishes the same thing. I have never included a Schedule A with any submission and have never had a problem.

IANAL - YMMV..

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Originally Posted by asmo

One other small thing about having a bank account in the name of the Trust, and paying for the stamp with said account, you don't need to include a Schedule A with the submission. I have been told multiple times that the reason for the Schedule A (to the ATF) is to prove that the Trust is funded - that's all. If you send them a check from the Trust's bank account it accomplishes the same thing. I have never included a Schedule A with any submission and have never had a problem.

IANAL - YMMV..

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OR…. you can skip going to the bank, funding an account, paying charges on the account, and having another check book and make a copy of one piece of paper and write about 5-6 words and a serial number on it. You have to show funding of the trust. A blank copy of Schedule A with the pending info takes 1 minute and way less hassle. Seriously, let it go… The account BS just makes it harder for new purchasers and there is NO legal reason to do it, period. If you are afraid of submitting a list of items on your schedule A, the ATF has the info already…

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Originally Posted by NFATrustGuy

I include this letter with my Trust package.

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Looks again at trust package...

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Originally Posted by brutal

Looks again at trust package...

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Looking back in my files at the evolution of my Trust package, it looks like I started including them in late March, 2013. I don't remember your real name so I can't tell you if it was included in your package. If not, shoot me an email and I'll be happy to whip one up and send it your way.

I call it the "4473 Acquisition Statement," by the way. It's the very last document in my Trust paperwork package.

RWW