One of our sponsors setting up trust with purchase?

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

mmcbeat

Sharpshooter
Special Hen
Joined
Nov 17, 2005
Messages
2,951
Reaction score
1
Location
Tulsa
I'm not dogging sports world but, you really need to look into the dealer that you plan on useing. For me...... Major or Mas is well worth the drive.

Which one are you looking at getting?


I would rather stay local if I can. Still have some homework to do but I am thinking Gemtech Tundra (9MM). Comments? Thanks!:thumb:
 

10.5stang

Sharpshooter
Special Hen
Joined
Dec 8, 2006
Messages
2,075
Reaction score
0
Location
NORMAN OK U.S.A
We do the paperwork (trust or ind.) for free if you purchase the item (lower for SBR or silencer) from us. We are in Tulsa at least one time a month for a gunshow or we would be glad to mail it to you and have you fill it out and have it notarized and mail it out yourself.
 

hk33

Sharpshooter
Joined
Apr 18, 2008
Messages
282
Reaction score
0
Location
Near OKC
I know a lot of Tulsa people can't get a sign off so they have to go the trust route. If you can get a sign-off I highly recommend that you just go get it, it is not that difficult and less likely to cause problems in the future.

I no nothing about MAJ's trusts or how they are set-up but you need to make sure the trust is set-up correctly becasue BATF is going to be going after invalid trusts. They don't like them to begin with and if they can find a reason to invalidate it they will.

http://blog.princelaw.com/2009/5/22/batfe-seeks-to-seize-nfa-firearms-from-an-invalid-trust

The situation above was resolved in favor of the gun owner but I bet it wasn't cheap.
 

Tazdev67

Marksman
Special Hen
Joined
Mar 16, 2009
Messages
26
Reaction score
0
Location
OKC
Don't most states require trusts and legal documents be filed with the county you live in? From what I have heard the ones that are in trouble with their trusts didn't file them or pay the proper fees in their states.

I don't believe Oklahoma requires you to file a trust to make it legal and binding but I am not a lawyer.
 

Jza

Sharpshooter
Special Hen
Joined
Mar 1, 2009
Messages
286
Reaction score
0
Location
N Tulsa Co
I know a lot of Tulsa people can't get a sign off so they have to go the trust route. If you can get a sign-off I highly recommend that you just go get it, it is not that difficult and less likely to cause problems in the future.

I no nothing about MAJ's trusts or how they are set-up but you need to make sure the trust is set-up correctly becasue BATF is going to be going after invalid trusts. They don't like them to begin with and if they can find a reason to invalidate it they will.

http://blog.princelaw.com/2009/5/22/batfe-seeks-to-seize-nfa-firearms-from-an-invalid-trust

The situation above was resolved in favor of the gun owner but I bet it wasn't cheap.

The problem in that case was the guy used some software to generate his paperwork and it wasn't correct.
The above mentioned people (MAS and the Maj) deal with these things daily and in the state of Oklahoma, so you're actually a lot better off with a trust that they helped you draw up.

There are definitely some notable differences between the trust paperwork you find online, and the stuff these guys help you draw up.
 

hk33

Sharpshooter
Joined
Apr 18, 2008
Messages
282
Reaction score
0
Location
Near OKC
The problem in that case was the guy used some software to generate his paperwork and it wasn't correct.
The above mentioned people (MAS and the Maj) deal with these things daily and in the state of Oklahoma, so you're actually a lot better off with a trust that they helped you draw up.

There are definitely some notable differences between the trust paperwork you find online, and the stuff these guys help you draw up.

I understand that and like I said I don't know anything about the Majors trusts. In my opinion, the risks of a trust outweigh the benefits when you can get a sign-off. In otherwords don't take what appears to be an easier route to NFA ownership. In the long run it may not be the best.
 

WhiteyMacD

Sharpshooter
Special Hen
Joined
May 11, 2009
Messages
8,173
Reaction score
60
Location
Mustang
I understand that and like I said I don't know anything about the Majors trusts. In my opinion, the risks of a trust outweigh the benefits when you can get a sign-off. In otherwords don't take what appears to be an easier route to NFA ownership. In the long run it may not be the best.

That all depends on the total picture though. Considering what happens when I die, dont really want my kids/wife to have to pay several tax stamps just to retain my firearms.
 

tyromeo55

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
May 31, 2007
Messages
4,762
Reaction score
1,338
Location
Tulsa
I'm not dogging sports world but, you really need to look into the dealer that you plan on useing. For me...... Major or Mas is well worth the drive.

Which one are you looking at getting?

That all depends on the total picture though. Considering what happens when I die, dont really want my kids/wife to have to pay several tax stamps just to retain my firearms.

Upon your death they would only be responsible for a $5 tax per item.
 

hk33

Sharpshooter
Joined
Apr 18, 2008
Messages
282
Reaction score
0
Location
Near OKC
Upon your death they would only be responsible for a $5 tax per item.

Where did you get the $5 info, just curious? Transfer to lawful heir goes on a Form 5 - "Aplication for Tax Exempt Transfer and Registration of Firearm"

http://www.atf.gov/forms/pdfs/f53205.pdf

The form 5 needs a sign-off and fingerprints so there would be the expense for that.
 

Latest posts

Top Bottom