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Gun/NFA Trust

Discussion in 'NFA & Class III Discussion' started by Droff, Dec 30, 2015.

  1. tRidiot

    tRidiot Sharpshooter

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    Can you actually change any of the wording of your trust around at all once you've submitted it with an application? Or is it forever locked how it is?


    Hell, I'll make a new trust if it comes down to it.
     
  2. Surveyor1653

    Surveyor1653 Sharpshooter

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    Depending on how it's written, I believe you can revise it however you like.
     
  3. Profreedomokie

    Profreedomokie Sharpshooter

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    Isn't Obama's newest attack on gun owners the ending of trust for NFA items ?
     
  4. FullAuto

    FullAuto Sharpshooter

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    No. Why would it be? The purpose of a trust wasn't solely to avoid the CLEO signature.
     
  5. Profreedomokie

    Profreedomokie Sharpshooter

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    I'm sure someone will let me know if I 've misunderstood a trust. Isn't more than one person allowed to use the items under a trust ? If so , I think the King doesn't want people using the items that haven't had a background check done on them. At least that was what I read somewhere. I have nine tax stamps done the hard way. I hope I wrong on this and they don't ever raise the price of the tax stamp.
     
  6. FullAuto

    FullAuto Sharpshooter

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    If it is set up that way, yes, multiple people can use the item.

    No one has been getting a background check done on a trust. Now it will be all responsible parties on the trust. But it still appears a loophole exists. They are saying once you send in photos and prints, you won't have to do it again as long as the responsible parties haven't changed on the trust and if you've had an approval in the past 24 months. The fact that they have specifically address changing the RPs after the fact means it can be done. So just get your machinegun with your prints and photos and then add people to the trust afterward.
     
  7. NikatKimber

    NikatKimber Moderator Staff Member

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    hensch,

    Couple questions here.

    1- If there is only one "responsible party" then can a spouse, brother, etc possess the item without the "responsible party" present?
    2- Has the new rule gone into effect already? IE, does filing for a new NFA item at this time require fingerprints?

    Thanks!
     
  8. cowzrul

    cowzrul Distinguished 1998

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    From what the Laywer posted who did my trust:
    1. Nothing changed for possession.
    2. “This final rule was signed by the Attorney General on January 4, 2016. It is effective 180 days after date of publication in the Federal Register.” If the rule was published in the Register on January 4, 2016. This means there is still no CLEO signoff, fingerprints, or picture requirement for trusts until July 1, 2016.
     
  9. henschman

    henschman Sharpshooter

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    After a little more research, it appears that the ATF will be applying the new rule in such a way that anyone who is allowed to posses trust firearms at the time an application is submitted must submit photos, prints, and CLEO notification. So yes, your brother, son, etc. would be required to do this if they are Trustees at the time you submit an application.

    The way around this is what FullAuto said... remove all co-Trustees before you submit an application, and then add them back once the application has been approved and the items have been added to your trust. That way, only you have to submit the photos, prints, and CLEO notification any time you buy something.

    My trusts will now come with forms making it easy to do this, in electronic format so you can print and use them as many times as you need.

    I can also amend your existing trust to make it easy to do this, and provide you with all necessary forms. Contact me if interested.
     
    Last edited: Jan 8, 2016
  10. henschman

    henschman Sharpshooter

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    I can write you an amendment to your existing trust that makes it the same as the way I'm currently writing them. PM outbound.
     

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