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The Range
NFA & Class III Discussion
NFA Trust Schedule A question
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<blockquote data-quote="Shoot Summ" data-source="post: 2970637" data-attributes="member: 1055"><p>I'm not following your logic, $100 bills don't typically have ATF paperwork associated with them indicating the specific name they are registered in. </p><p></p><p>What name is listed on the doc with tax stamp? Does that name match the trust? If not then you must transfer the item to the trust through the atf and pay another tax stamp. You will also fill out a doc to assign the item to the trust, and update your schedule A to reflect it is "owned" by the trust. </p><p></p><p>If it is possible to put things into the NFA trust, without going through the ATF process, then it should be possible to take them out of the trust without going through the ATF, and you cannot. When you put it in the trust you change the ownership, and the ATF wants to know.</p><p></p><p>As I said, I am not an Attorney, but I think I understand the basics of a Trust.</p></blockquote><p></p>
[QUOTE="Shoot Summ, post: 2970637, member: 1055"] I'm not following your logic, $100 bills don't typically have ATF paperwork associated with them indicating the specific name they are registered in. What name is listed on the doc with tax stamp? Does that name match the trust? If not then you must transfer the item to the trust through the atf and pay another tax stamp. You will also fill out a doc to assign the item to the trust, and update your schedule A to reflect it is "owned" by the trust. If it is possible to put things into the NFA trust, without going through the ATF process, then it should be possible to take them out of the trust without going through the ATF, and you cannot. When you put it in the trust you change the ownership, and the ATF wants to know. As I said, I am not an Attorney, but I think I understand the basics of a Trust. [/QUOTE]
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