Firearm BS thread

What is your guys opinion on gun trusts? I live in FL and have a variety of trust options from a quick one from SilencerCo ($160) to a basic one from a local attorney ($200)... I don't need anything complex, I just want to be able to purchase a can or two...

 

I went local just in case I ever needed to get in touch with my lawyer and make changes. I know guys with simple online trusts, and even a couple who did their owns with a template online (DIY). To each their own, I wont knock em. I just felt more comfortable with a NFA lawyer. I paid $200 for mine.

I think you will be fine either way. The $40 would be a better investment if you ask me.

 

Do you need a trust to purchase a can? Here in CO we don't. You can purchase them personally or through a trust. The trust just allows you to share the can with the other trustees.
Something I read recently with all the executive action stuff mentioned that they wanted to make changes to trusts and limit what they could do, which makes me wonder what happens to stuff covered in a trust when/if the rules change.

 

A trust is my recommendation, what happens to you when you die? Well, you sure as shit aren't passing them on to anyone...get a trust and be done. Have an heir to pass your NFA items down to

 

mine will be two my two 9 month twin nephews for now, I don't have kids and will not be having children, so...and my dogs can't do anything with them

 

Agree. That is most likely what I will do then. A trust is necessary here in FL for a normal citizen such as myself.

 

New law is that you dont need CLEO sign off on NFA for stamp. Or at least that is my understanding.

 

Get it now if you are going to get one as it will be grandfathered in under current law....

 

What exactly do you mean by that?

 

but you'll need a trust

 

From what I have heard from the Attorney that did my NFA trust is once law change they are not retroactive backwards and new laws apply to anything after new law date. So basically if you have a trust now its grandfathered in under current laws.

Kind of like when they changed the national drinking age from 18 to 21 I was already 18 when law changed so I was able to buy beer/liquor. My friends that were 17 when law was changed were shit out of luck and had to wait till 21....

 

http://campaign.r20.constantcontact...459cd&ch=ded4ce10-bfbd-11e4-aaa8-d4ae52a459cd

Click on this link for some info on trusts

 

So what is the timeline and process like after establishing a gun trust?

 

you will still need to go ahead with the normal process w/ATF sheriff sign off,finger prints $200 NFA tax and then wait continues upwards of a year I have heard.. I received mine in about 45 days from when my completed paper work was turned in to when I picked up the can.

 

Lol, no. Even without a trust, your NFA items can be passed along to an heir, tax-free, on a form 5. I don't have a trust, nor do I want or need one.

 

I thought with a gun trust it avoided the need for sheriff sign off, etc...

 

Correct, but this summer if you're on a trust you have to send in fingerprints and a photo for each individual on your trust when you send in a form, also they are going to require notifying the CLEO instead of getting a signature.

Going in effect july of '16.

Link

 

So get this done within the next 6 months hah

 

Here is a very informative article about trusts before and after 41P.

 

Ok so another tax stamp. I don't believe a stamp has to be done if on a trust. I'll ask my lawyer. And report back.

You may not need or want one, but others will/may...gotta consider Cleo that won't sign off. Not all will!