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Started By
Message
Gun Trust question
Posted on 4/8/15 at 7:57 am
Posted on 4/8/15 at 7:57 am
I'm thinking about establishing a trust, I don't currently have a suppressor or anything classIII. But eventually I would like to, should I just go ahead and get it done now?
8
Posted on 4/8/15 at 8:13 am to chesty
yep 
Posted on 4/8/15 at 8:26 am to chesty
Absolutely. I used an attorney out of Nola and had mine done quickly. Even better, he always answered the phone for any questions that I had. Nowadays, online trust are popular and seem to work fine. If I were to do it again, I'd still pay the extra to have a LA attorney do mine.
Local attorney charged $300, I think.
Online trust run around $150, I think.
Local attorney charged $300, I think.
Online trust run around $150, I think.
Posted on 4/8/15 at 8:35 am to chesty
i built my trust and didn't even purchase anything for almost a year and half.
Posted on 4/8/15 at 8:37 am to chesty
I'm going to say that there is no benefit to doing it now. But getting it done won't hurt anything either. Papercutninja ninja did mine the day after I contacted him. So it's not like it takes time to go through the process. Really doesn't matter.
Posted on 4/8/15 at 8:40 am to chesty
Pardon my ignorance, but what exactly are the benefits of a gun trust?
Posted on 4/8/15 at 8:48 am to REB BEER
quote:
Pardon my ignorance, but what exactly are the benefits of a gun trust?
always wantedt to know... and i have 2 safes full of guns
Posted on 4/8/15 at 8:49 am to REB BEER
quote:
benefits of a gun trust
don't have to get finger prints or CLEO (local law enforcement) to sign off. takes about a month off the approval process.
Also, once you get the suppressor you can have more than one trustee on the trust. All trustees can have the suppressor in their possession.
If you buy a class III item as an individual you have to always be in the possession on the item.
Posted on 4/8/15 at 8:51 am to REB BEER
(no message)
This post was edited on 9/28/22 at 10:04 am
Posted on 4/8/15 at 8:52 am to REB BEER
I'm no expert, but I as I understand it the trust allows you, as the settlor of the trust, and your trustees (and beneficiaries when they come of age), to use and possess weapons that would ordinarily be illegal to possess by anyone other than the owner of the weapon. Thus, you or one of your trustees buys a silencer, buys the tax stamp associated with the silencer, and then places the silencer in the trust. At that point, you and any one of your trustees can then possess and use the silencer, and you don't have to be present with them (though they must have a copy of the trust on their person).
There is also a reduced waiting period when you make the purchase.
There are also inheritance benefits, meaning when you die, the weapon stays in the trust (for a finite period of time) and doesn't have to be turned back into the gubment (which is what's supposed to happen with tax stamped weaponry).
Papercutninja can speak to this much more accurately than I can.
There is also a reduced waiting period when you make the purchase.
There are also inheritance benefits, meaning when you die, the weapon stays in the trust (for a finite period of time) and doesn't have to be turned back into the gubment (which is what's supposed to happen with tax stamped weaponry).
Papercutninja can speak to this much more accurately than I can.
This post was edited on 4/8/15 at 8:53 am
Posted on 4/8/15 at 8:59 am to SetTheMood
oh.. i just get a homeade silencer and dont tell the gubment nothing
Posted on 4/8/15 at 9:19 am to chesty
Is there a minimum number of people you have to have to start a trust?
Posted on 4/8/15 at 9:22 am to LSUtigers111
I would assume it's one.
Posted on 4/8/15 at 9:47 am to oleyeller
Thats not something too funny to post about.
Posted on 4/8/15 at 9:57 am to DownSouthDave
quote:+1
Papercutninja
Posted on 4/8/15 at 10:08 am to Ice Cream Sammich
quote:
Thats not something too funny to post about.
well the gubment can come check me out if they like because i dont own any. It was a joke because i sure has hell know it happens alot out in the country! I have heard of people using oil cans and all kinds of junk to make those things. I have no use for one, not sure why anyone would to be honest. I dont even have a gun with a threaded barrel, my AR isnt even threaded lol
This post was edited on 4/8/15 at 10:13 am
Posted on 4/8/15 at 10:48 am to SetTheMood
quote:
There are also inheritance benefits, meaning when you die, the weapon stays in the trust (for a finite period of time) and doesn't have to be turned back into the gubment (which is what's supposed to happen with tax stamped weaponry).
Your understanding of inheritance of NFA items is off. NFA firearms (legal definition that includes silencers and other items) can be legally inherited by a direct family member. In fact, the transfer is tax free and completed on its own form. I forget the number but you can Google it. ATF is looking to modify the rules on Trusts and, if it goes through, many of the benefits discussed here will be removed. For instance, all members of the trust will have to be fingerprinted/photographed and CLEO signature will be required.
Posted on 4/8/15 at 11:17 am to chesty
(no message)
This post was edited on 9/28/22 at 10:04 am
Posted on 4/8/15 at 11:19 am to DownSouthDave
(no message)
This post was edited on 9/28/22 at 12:04 pm
Posted on 4/8/15 at 11:22 am to REB BEER
This post was edited on 9/28/22 at 12:04 pm
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