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The Range
NFA & Class III Discussion
Best Way to Own NFA Firearms/ Items (Personal, Trust, LLC)?
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<blockquote data-quote="djcorrell" data-source="post: 1303554" data-attributes="member: 12752"><p>I AM NOT AN ATTORNEY. that being said, it depends on the trust. i was referring to the "standard" one that most people use. in that situation there are people that administer the trust. that means when you die, they make sure the trust is carried out. their rank is in succession or can be groups. then there is the beneficiary, that is who gets the stuff when you die. none of those people have a right to the "stuff" until you die. now in a revocable trust you can reassign assents while you are still breathing, however with nfa items you must still go through the transfers.</p><p></p><p>i hope this sheds a candle of light of understanding in the matter. </p><p></p><p>recommendation: make a separate trust for your nfa items!</p></blockquote><p></p>
[QUOTE="djcorrell, post: 1303554, member: 12752"] I AM NOT AN ATTORNEY. that being said, it depends on the trust. i was referring to the "standard" one that most people use. in that situation there are people that administer the trust. that means when you die, they make sure the trust is carried out. their rank is in succession or can be groups. then there is the beneficiary, that is who gets the stuff when you die. none of those people have a right to the "stuff" until you die. now in a revocable trust you can reassign assents while you are still breathing, however with nfa items you must still go through the transfers. i hope this sheds a candle of light of understanding in the matter. recommendation: make a separate trust for your nfa items! [/QUOTE]
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