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The Range
NFA & Class III Discussion
Trust or no trust?
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<blockquote data-quote="SoonerP226" data-source="post: 2648987" data-attributes="member: 26737"><p>I know an attorney who has been looking into setting up a trust for an NFA firearm that he's buying, and he said that the biggest benefit of a trust is that it greatly simplifies issues surrounding custodianship of the rifle, particularly when it comes to the disposal of it after his death.</p><p></p><p>From what he's read, he said it looks like the most likely complication for NFA trusts is that all of the trustees would have to go through the background check. Of course, nobody knows what ATF/DOJ is going to do, but if that's the case, it's really not much of a complication.</p></blockquote><p></p>
[QUOTE="SoonerP226, post: 2648987, member: 26737"] I know an attorney who has been looking into setting up a trust for an NFA firearm that he's buying, and he said that the biggest benefit of a trust is that it greatly simplifies issues surrounding custodianship of the rifle, particularly when it comes to the disposal of it after his death. From what he's read, he said it looks like the most likely complication for NFA trusts is that all of the trustees would have to go through the background check. Of course, nobody knows what ATF/DOJ is going to do, but if that's the case, it's really not much of a complication. [/QUOTE]
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Trust or no trust?
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