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Iceman
Forming a Trust for NFA items
I have read a lot about the LLC route, but I was curious if anyone here in CO has done the trust route to get NFA items.
I am in adams county and it doesn't look like I will have much luck getting the sherrifs sign off...even though I have known him my entire life.
My first item is a .22 suppressor. thats what I want. i know about the forms to be submitted to the ATF and I know the trust will keep me from having to get the sign off and fingerprints etc.
what I would like to know:
What are the different types of trusts. I know you can set up one pretty easy, but will this cause me problems later on it life. I heard it would set me up for problems later on. What is meant by this?
I read there are no renewals necessary unlike a LLC which requires one annually as well as tax reports (not too big a deal if it will only be for NFA items as there is no loss or profit)
what type of costs have you incurred while creating and maintaining the trust?
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