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Thread: Trust account

  1. #1
    bca1313
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    Default Trust account

    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.

  2. #2
    Mr Yamaha brutal's Avatar
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    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.
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  3. #3
    A FUN TITLE asmo's Avatar
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    Quote Originally Posted by brutal View Post
    No
    But I wanted to debate the topic again with Friday.. lather.. rinse.. repeat..
    What is my joy if all hands, even the unclean, can reach into it? What is my wisdom, if even the fools can dictate to me? What is my freedom, if all creatures, even the botched and impotent, are my masters? What is my life, if I am but to bow, to agree and to obey?
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  4. #4
    Mr Yamaha brutal's Avatar
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    Quote Originally Posted by asmo View Post
    But I wanted to debate the topic again with Friday.. lather.. rinse.. repeat..
    I just wanted to beat you to the first reply.
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  5. #5
    The "Godfather" of COAR Great-Kazoo's Avatar
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    Quote Originally Posted by brutal View Post
    I just wanted to beat you to the first reply.
    There was a thread / discussion on Trust bank accounts ?
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