Assignment to the trust - when?

[68Guy]

ATF and CBI came out with guidance on how to do this. Also - for those of you that are buying an NFA item out of your own pocket book and then transferring it to the trust when you get your paperwork back from the .gov -- without submitting another form 4 -- are committing felonies in many peoples eyes. You have just transferred an NFA item without informing the ATF and paying the $200 (again).

Where is this citing? This is completely crazy! So with all this back and forth I am really unsure exactly what needs to happen now... My form 1 has the applicant in 3b as my trust name and the name and signature in block 7 is my own with "last, first middle, Trustee" in the title. The check was cashed so my paperwork is running. I did a BGC when I purchased the stripped lower so am I reading that I will have to do it AGAIN once I get an approved Form 1 stamp back?

[asmo]

Where is this citing? This is completely crazy! So with all this back and forth I am really unsure exactly what needs to happen now... My form 1 has the applicant in 3b as my trust name and the name and signature in block 7 is my own with "last, first middle, Trustee" in the title. The check was cashed so my paperwork is running. I did a BGC when I purchased the stripped lower so am I reading that I will have to do it AGAIN once I get an approved Form 1 stamp back?

Then you are fine(tm) unless someone wants to be a total asshole. The application was made in the name of the Trust so it is in the Trust's name.

You are doing a Form 1 so you (or - more importantly your Trust) already has the firearm, so you don't need to do a BCG again - since you were smart and transferred the asset (the firearm) to the Trust before you sent the Form 1 in, right (Schedule A)? and you transferred the asset to the Trust before the new law went into effect, right?

This is again why I am a proponent for the Trust having its own bank account. Then there is zero question about who owns the asset, and when, and there are no transfers/assignments. Granted I am a bit extreme in this area - but I tend to over-do things when my life and freedom are on the line. But thats just me.