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Setting up a Trust?

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

  1. AKguy1985

    AKguy1985 Sharpshooter

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    let's hope they do away with that.
     
  2. BDCGUNROOM

    BDCGUNROOM Marksman

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    Mike Chlober in Shawnee sets up NFA trusts, but why not just register them in the name of a corporation?
     
  3. Mad Professor

    Mad Professor Sharpshooter

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    Before and/or after death? That letter seems to only deal with estates. Am I misunderstanding your statement? It sounds to me that you are saying I can roll my current NFA items I own individually to a trust with a Form 5 tax free. I thought they had to transfer with a Form 4 and the appropriate tax (in my case $200 ea).

    Thanks
     
  4. MuTau007

    MuTau007 Sharpshooter

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    Is there contact ingot for sports world? Or a website?
     
  5. CAR-AR-M16

    CAR-AR-M16 Sharpshooter

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    The executor of your estate can transfer your individually owned NFA items to your lawful heir (another individual or trust) on a tax free form 5 AFTER YOUR DEATH. If you want to move them from you to a trust while you are still alive you will have to transfer them on tax paid form 4's.
     
  6. Mad Professor

    Mad Professor Sharpshooter

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    We are on the same page then! That is the way I thought it was.
     

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