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The Range
NFA & Class III Discussion
Trust questions
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<blockquote data-quote="CAR-AR-M16" data-source="post: 717436" data-attributes="member: 204"><p>Thanks for the clarification, but I think you know what I was saying. Having a trust does not allow a prohibited person to have actual physical possesion of an NFA item, so it would not matter if the NFA item were owned by a trust or individual.</p><p>This is what I forsee as the problem with trusts. Folks are making up trusts to posses NFA items and sooner or later a prohibited person is going to be added to one, use the NFA item in a crime and cause an entire mess for those folks who use trusts. There is nothing to prevent ATF from requiring all persons listed in the trusts to have prints, photos and CLEO signoff and then the only value of a trust will be gone. As vendictive as they can be, I would not even put it past them to make this retroactive to existing trusts. I am sure someone will come along and say that they can't do that, but I put nothing past them. YMMV</p></blockquote><p></p>
[QUOTE="CAR-AR-M16, post: 717436, member: 204"] Thanks for the clarification, but I think you know what I was saying. Having a trust does not allow a prohibited person to have actual physical possesion of an NFA item, so it would not matter if the NFA item were owned by a trust or individual. This is what I forsee as the problem with trusts. Folks are making up trusts to posses NFA items and sooner or later a prohibited person is going to be added to one, use the NFA item in a crime and cause an entire mess for those folks who use trusts. There is nothing to prevent ATF from requiring all persons listed in the trusts to have prints, photos and CLEO signoff and then the only value of a trust will be gone. As vendictive as they can be, I would not even put it past them to make this retroactive to existing trusts. I am sure someone will come along and say that they can't do that, but I put nothing past them. YMMV [/QUOTE]
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