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Starting NFA Trust

Discussion in 'NFA & Class III Discussion' started by Powers, Feb 9, 2013.

  1. jrgutier

    jrgutier Sharpshooter

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  2. pistolpete2002

    pistolpete2002 Sharpshooter

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    Yes, it was Brandon Benson with Machine Guns plus. I can't remember what he charged, I'm thinking it was $35-$50 or something like that.
     
  3. castleeleven

    castleeleven Sharpshooter

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    so, If I have a a trust today and need to get a can, I will need to get finger print now? or 90 days later?
     
  4. CAR-AR-M16

    CAR-AR-M16 Sharpshooter

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    The fingerprint, photographs and CLEO signoff for trusts has NOT gone into effect yet. There is a 90 day comment period on the proposed rule change and then ATF will have to implement these new rules. No one yet knows how this will effect trusts that are in the pipeline.
     
  5. castleeleven

    castleeleven Sharpshooter

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    So, My question is that is I turn in my NFA stamp this weekend with trust, I will need those fingerprint/pic/cleo than, right? unless they request than before the stamp is back and past 90 days.
     
  6. Gabriel42

    Gabriel42 Sharpshooter

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    No one knows what will happen. Until the rule change takes effect and is implemented, you will just turn in your trust with your Form 1/4 and hope for the best.
     
  7. CAR-AR-M16

    CAR-AR-M16 Sharpshooter

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    Exactly.

    No one knows how or when they are going to implement this and what they are going to do to forms that are in-progress at the time of implementation. Anything you submit now will probably be up there for almost 9 months, so chances are that it will be effected by the new rules, but at this point it is just a guessing game as to how they will be effected.

    If possible, just submit as an individual now (assuming you can get CLEO signoff) and the new ruling will not effect you at all.
     
  8. Gabriel42

    Gabriel42 Sharpshooter

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    I would still submit as a trust even with possibility of the new changes. In the event of your demise, it would allow the items to be passed on to the benefeciary without the need for new stamp (based on current rules) where as based on current, and most likley future rules, registering as an individual will most definitely require the need for a new stamp for the person that inherits them.
     
  9. Hump66

    Hump66 Sharpshooter

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    Negative. Form 5 allows for tax free transfer to heirs.

    http://www.atf.gov/files/forms/download/atf-f-5320-5.pdf
     
  10. CAR-AR-M16

    CAR-AR-M16 Sharpshooter

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