NFA Guide: What you need to know about Class III firearms

Originally Posted by Magiccarpetrides

Joe,
Thanks for the quick info...is the form 4 pretty much the same thing I filed for the 870 AOW? Would we require an FFL to go through since the ATF has to send the "ok" back to somewhere?

Form 4 would be the one.

Why couldn't they just send it back to you? You're someone who is somewhere, aren't you?

I was under the impression that all SBR's/NFA items had to pass through an FFL

Originally Posted by Magiccarpetrides

I was under the impression that all SBR's/NFA items had to pass through an FFL

Nope.

I appreciate your quick response...thanks a lot!

There are certain caveats though, such as in the case of an out of state purchase which would have to go through an FFL, but if you own a rifle and want to register it as an SBR you simply need to follow the instructions, file the forms and pay the tax.

There are a lot of "smoke and mirrors" ideas out there. I'm just trying to clear up the air best I can.

Well im looking at doing some trading with another member that has an SBR and was wantin to make sure i stayed legal.

Let me know if you have any questions. I'm here to help.

Quick question, when filling out a form 4 using a trust, will a copy of the trust paperwork need to be included with the form for when sending it in?

Originally Posted by kckndrgn

Quick question, when filling out a form 4 using a trust, will a copy of the trust paperwork need to be included with the form for when sending it in?

Yes, I use this http://www.86th.org/?id=nfa-trust

Question...
In looking at the above link,under the "faq" section it says this:

Q.Who in the Trust can possess the items?
A. ONLY the grantors are the legal owners of the property in the trust and as far as the BATFE is concerned, ONLY the grantors can have access to the property. The restrictions on posession of the Title II items are the same for the grantors as it is for an individual owner, i.e. they need to be with it or it needs to be locked up, etc. Many people feel they can make a corporation or llc substitute here and add other family members or friends as grantors, this is a very special and possibly impossible setup and such an approach should be handled by a lawyer.

I've heard that including other people (not spouse) as a trustee would allow them access to the NFA item(s) without you needing to be with them, the above "faq" seems to counter that claim?

Also, does anyone know of any lawyers in the Memphis area that have experience with setting up a trust for an NFA item? I looked at www.guntrustlawyer.com but they want $600 to start with and any changes to the trust are extra. I've got a copy of Quicken Willmaker, but I want to make sure all my t's are crossed and i's dotted.

Thanks