Hi everyone I'm getting a trust made so I can play with neat toys, I know the trust's name can be what you want. My question is it a good idea or bad idea to have NFA in the trust name?
Thanks
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Hi everyone I'm getting a trust made so I can play with neat toys, I know the trust's name can be what you want. My question is it a good idea or bad idea to have NFA in the trust name?
Thanks
Why advertise?
It doesn't really matter at all. My personal preference -- and that's ALL it is -- is to leave it out. As Hound says… why advertise? I hope you're someone I've talked to recently. I'd love to have your business. I almost never know (or remember, I guess) forum screen names versus real names...
NFATrustGuy is good people.
No, the shorter the better. My trust is simple. So simple the last efile, the person submitting forgot to include TRUST, on the form..Quote:
Originally Posted by Ditrich
None better.Quote:
Originally Posted by vossman
True this^^^^^^^^^^^Quote:
Originally Posted by NFATrustGuy
Wish I would have had this insight when I set mine up. My SBR lower lost half its weight, after engraving. Simple + unique = perfect.
Ps: Rodney did mine, He's great.
Thanks for the kind words, guys.
The other thing you might consider is leaving your name off the Trust if you ever plan on building an SBR or SBS. Your Trust name will have to be engraved on the newly-created firearm. If you ever sell the firearm, do you really want YOUR surname traveling around in the stream of commerce? With my luck, that's the gun that some wacko would steal and then use to go shoot up a schoolyard.
Agreed. Rod recently set mine up is less than 24 hours. I wanted my trust name short and discrete. Plus it allows me to engrave it into smaller places that a longer name might not fit.Quote:
Originally Posted by vossman
Another +1 for NFATrustGuy, he just did mine, quick and easy, and his price is by far the best I'd heard of.
Thank you guys for your input, it helps out alot.
NFAtrustguy is a hack. I only let him do mine because I felt sorry for him.
Kidding! I'm kidding!
Oh, and NFATG, I might be adding a 30cal soon. You are on my trust, so when you want to use the .223 you're good to go. You might want to load up some lower velocity rounds, though. "Silent" it ain't.
He can borrow one of the cans on my trust. It's on the way to the range.Quote:
Originally Posted by Alpha2
Question. if I live in Denver and start a trust, can I legally buy a 30cal can without sign off of local LEA?
Yes, once you have the trust set up bypass them.Quote:
Originally Posted by Stevensje
+1[Ban3]Quote:
Originally Posted by vossman
I had read elsewhere that recommended naming the trust "Lastname Trust".Quote:
Originally Posted by NFATrustGuy
You recommend using a more generic name such as "Freedom Trust" or something to that effect, are there any issues with having a trust with the same name as someone else's trust?
Mine's super simple and easy to fit on anything needs engraving.
(Mine "&" Wife's first initial) TRUST
PARKER, CO
"&" and "and" also interchangeable.
So, you can pick anything you like, just not mine. :-)
I believe FUCKOBAMA TRUST is available.
So is LIBERAL TEARS TRUST
Is there a potential for a "cute" or non PC trust name causing issues with form approval?
I would have to say potentially. NFATG did advise against it. :DQuote:
Originally Posted by Toyoland66
Just use common sense and as short a name possible for your trust, you'll be GTG. Also keep in mind when having a Form 1 item engraved / laser etched etc, you pay by the letter.Quote:
Originally Posted by Toyoland66
I think you should go for the In God We Trust. :)
O2
I've probably heard this one at least a dozen times over the last 2 years.Quote:
Originally Posted by O2HeN2
Here's what I tell people:
1. Don't get too cute because having a bureaucrat take special interest in your paperwork is almost never a good thing.
2. Try to be at least a little bit unique. Legally, there are tie-breakers to distinguish between two Trusts bearing the same name, but it's better to avoid the issue if at all possible.
3. Keep it short and mostly anonymous if you anticipate EVER building an NFA item.
Thanks for all the support you all have given me over the past couple of years!
RWW
Plan on a trust this year and will be using NFATG. Have a couple of questions.
1. Should I put handguns and other firearms (non NFA ar15's) in the trust? Thinking about when I Ddie that transfer to daughter will be easier.
2. If putting non NFA items in trust does trust name need to be engraved on them?
3. Putting daughter or other persons, can they store NFA items at their house? Different address than mine which is where trusrt will be.
4. With threat of ATF changing CLEO and fingerprint requirements this year, does having a trust without having firearms listed yet a good idea? Can you then add other items without CLEO and fingerprints?
Thanks
Roger
Regarding Item #1 IF no one is the wiser who does or doesn't have possession of guns, why advertise / worry?Quote:
Originally Posted by Roger Ronas
You're over thinking & worrying about firearms not regulated to NFA Status. Read the ATF NFA website for better clarification of what a NFA item is. One thing to keep in mind. IF you die ALL NFA items can be transferred to a Family member not on the trust, by doing a Form 5. It's no cost (TAX Stamp) to do so.
ALL my firearms are spoken for when i keel over. There are both Family & Non - Family members who will handle distribution of my toys. It might help to have someone familiar with values of NFA on the trust. SOMEONE you, your spouse (if applicable) and other family members have trust in.
I'm currently inventorying my toys with a base value for each and links on - line where she can find comparable values.
DON'T take what i replied to as Gospel. ALWAYS consult with an Attorney, and people more knowledgeable than myself ;)
Thank You
Will find the NFA link to read up on it.
Roger
Quote:
Originally Posted by Great-Kazoo
Quote:
Originally Posted by Roger Ronas https://www.ar-15.co/images/tf_ideal...post-right.png
Plan on a trust this year and will be using NFATG. Have a couple of questions.
1. Should I put handguns and other firearms (non NFA ar15's) in the trust? Thinking about when I Ddie that transfer to daughter will be easier. If the trust was not done prior to 7/13 She and others on the Trust will need to have a BG check done , when transferring .
2. If putting non NFA items in trust does trust name need to be engraved on them?
NO. You'll kill any sale able value of them. Engraving AFAIK is for Form 1 items. My Trust FACTORY suppressors are not engraved. Someone with more knowledge can clarify.
3. Putting daughter or other persons, can they store NFA items at their house? Different address than mine which is where trusrt will be.
YES I give someone on the trust a copy of CO-TRUSTEE (paperwork not on hand for specific wording) This is for suppressors. A SBR, AOW, OR SBS (Firearm) requires a BG check.
4. With threat of ATF changing CLEO and fingerprint requirements this year, does having a trust without having firearms listed yet a good idea? Can you then add other items without CLEO and fingerprints?
That sign off if and when it happens is for NFA Items ONLY.
WRT #4: FWIW, I was advised to do so by NFATG, and assigned/transferred a qty of +15 rd magazines into the trust, prior to July 1 2013, that in the event of my demise, they may be legally possessed by my surviving co-trustee or beneficiaries. For those that did not have the opportunity, we can only hope that said persons already possessed those items or the stupid law gets repealed.Quote:
Originally Posted by Great-Kazoo
I also transferred, sans any advice or consent, a qty of lowers in the event I might have a desire to SBR them.
Standard disclaimer as above, and in all cases of doubt, consult with your trust attorney.