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Setting up a Trust?

Discussion in 'NFA & Class III Discussion' started by Rimfire, Nov 19, 2012.

  1. pQRSt

    pQRSt Marksman

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    Anyone have an email for him?
     
  2. eatindirt

    eatindirt Marksman

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    Howard Perkins is a Tulsa Area guy that has loads of NFA knowledge
     
  3. Shadowrider

    Shadowrider Sharpshooter

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    Somewhat related question. Can you put non-NFA guns in it too? I'd like to designate certain parts (mostly inherited) of my collection going to certain individuals when I pass. Seems like it would be easy to just name them as successor trustees. Also seems like it could possibly throw a wrench into the confiscation when one passes if certain laws are passed since the trust will still be the owner. I don't think that anything remotely like the rumors is going to pass anytime soon, but they aren't going to stop trying either.
     
  4. silversurfer

    silversurfer Marksman

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    Just had my trust done by Matt Winton, excellent job.

    Thanks
    Matt
     
  5. Toowork

    Toowork Marksman

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    I wonder in all the new anti-gun legislation if they will take the trust option away. Guess I had better get one done beforehand and hope those grandfathered in survive.
     
  6. CAR-AR-M16

    CAR-AR-M16 Sharpshooter

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    Only proposed new changes to NFA procedures is to do away with needing a CLEO signoff for the individual route (good thing) and requiring fingerprints/photos for ALL members of a trust (not so good thing).
     
  7. Toowork

    Toowork Marksman

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    Great can't wait to fingerprint my feisty 2 1/2 yr old. I think for now the trust route makes it easier to leave stuff to my two boys.
     
  8. CAR-AR-M16

    CAR-AR-M16 Sharpshooter

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  9. 338Shooter

    338Shooter Sharpshooter

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    I don't think I'd put a person under 18 on an NFA trust to begin with.

    The transfer process is just as easy with individual ownership as it is with a trust. Tax free form 5 as CAR mentioned.
     
  10. Toowork

    Toowork Marksman

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    I was going the place my brother-in-law on there as the administrator until they reach 18. I know the ATF allows someone to hold them until the kids reach the legal age. I am not as worried about the NFA stuff now, but down the line should this be the start of a completely different egun nvironment. The gun haters have been waiting for a moment like this for a long time.
     

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