Jump to content

Recommended Posts

You can add more than one person to a trust such as family members and Friends. It should also make it somewhat easier when you pass away for whoever has to deal with your NFA items. This is just my opinion. John Wells is a member of TGO and did my trust. He would be the man to talk to.

  • Like 3

Share this post


Link to post
Share on other sites

I did a trust before a background check was required for a trust. Now it's still worth the effort for my wife to able to handle the items in the trust. For instance if I left a registered device in my car and my wife drove it she could be charged with a crime and jail time for being in possession of the items. Probably wouldn't happen but I dont want Barney Fife making that call at a traffic stop either.

Share this post


Link to post
Share on other sites

There are two main advantages to having a trust. The first being, you can allow multiple people (i.e. family members, friends, etc.) to use your NFA item with out you being present, as long as they are listed as a responsible person on the trust and are of legal age.  The second advantage is that if you are to pass away, your NFA item will not have to be sent to the ATF. Who ever is on your trust can still be in possession of the item. 

Share this post


Link to post
Share on other sites
30 minutes ago, TerminalLcpl88 said:

There are two main advantages to having a trust. The first being, you can allow multiple people (i.e. family members, friends, etc.) to use your NFA item with out you being present, as long as they are listed as a responsible person on the trust and are of legal age.  The second advantage is that if you are to pass away, your NFA item will not have to be sent to the ATF. Who ever is on your trust can still be in possession of the item. 

You don't send them to the ATF anyway. ATF does a tax free transfer to whoever you left it to in the will. 

  • Like 1

Share this post


Link to post
Share on other sites
1 hour ago, alleycat72 said:

You don't send them to the ATF anyway. ATF does a tax free transfer to whoever you left it to in the will. 

True, I got sidetracked and didn't post a full in depth post (wife was calling me to dinner and a fat boy's gotta eat). I meant that under a trust, If set up correctly, you can elect to have your trust stay in existence after your death. This would allow for the trustee/beneficiaries of your trust to continue the use/possession of the NFA item after your death with out the transfer requirements. This option works for those with no will or heirs, in which case the item normally would then have to be forfeited to the ATF for disposal.

Share this post


Link to post
Share on other sites
7 minutes ago, TerminalLcpl88 said:

True, I got sidetracked and didn't post a full in depth post (wife was calling me to dinner and a fat boy's gotta eat). I meant that under a trust, If set up correctly, you can elect to have your trust stay in existence after your death. This would allow for the trustee/beneficiaries of your trust to continue the use/possession of the NFA item after your death with out the transfer requirements. This option works for those with no will or heirs, in which case the item normally would then have to be forfeited to the ATF for disposal.

If you file as an individual and die the ATF will do a form 5 tax free transfer to your heir. It doesn't have to be a trust.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Chucktshoes
      In today’s entirely predictable outcomes, the ATF has begun arresting folks who bought Glock autosears off of Wish.com. How they didn’t see this coming from a mile away, I don’t know. If anyone reading this was dumb enough to make this mistake, I’d get on figuring out how to get rid of it in a way that the ATF might take mercy on you. At least do it for your dog’s sake  
       
      http://www.recoilweb.com/multiple-reports-of-wish-com-glock-sear-arrests-by-atf-149143.html
    • By East_TN_Patriot
      I have a spare stripped upper to go with my TGO billet lower and have always intended to build an upper to match my 18” upper. For a couple of years now, I’ve gone back and forth as to whether I should do a 14.5” barrel with a pinned flash hider to avoid the cost and hassle, or go the SBR route and go with something like a 10.5” barrel.  
      Admittedly, it’s been a while since I’ve researched the process. Is it still a painful and time consuming process?  
    • By Capbyrd
      There are a couple of new products but I'm going to focus on this one.   

      The AAC Jaeger 30.   MSRP $449.   Sounds awesome.   A very affordable can rated for 300 win mag and smaller.  


      https://www.advanced-armament.com/Jaeger-30_p_752.html?_bta_tid=26896381835476429281285461836602537231131002527621154498876057792524250710884059197117094903527809609254
       
       
       
      Everything sounds amazing until you get to that aluminum mono core.   I'm very curious how long that would last shooting 300 win mag through it.  

The Fine Print

Tennessee Gun Owners (TNGunOwners.com) is the premier Community and Discussion Forum for gun owners, firearm enthusiasts, sportsmen and Second Amendment proponents in the state of Tennessee and surrounding region.

TNGunOwners.com (TGO) is a presentation of Enthusiast Productions. The TGO state flag logo and the TGO tri-hole "icon" logo are trademarks of Tennessee Gun Owners. The TGO logos and all content presented on this site may not be reproduced in any form without express written permission. The opinions expressed on TGO are those of their authors and do not necessarily reflect those of the site's owners or staff.

Before engaging in any transaction of goods or services on TGO, all parties involved must know and follow the local, state and Federal laws regarding those transactions. TGO makes no claims, guarantees or assurances regarding any such transactions.

×
×
  • Create New...

Important Information

By using this site, you agree to the following.
Terms of Use | Privacy Policy | Guidelines