Trust question?
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Trust question?
I am considering putting a trust together for future suppressor purchases after doing a couple the regular route. I want to set up a trust so that the suppressors I buy now, can be used by my children when they are old enough and of course my wife now. Is it legal to purchase a suppressor on a trust with a child on it, or would I be shut down trying to put a suppressor on a trust with children? They,of course would not touch the items until they were old enough. Or can I add them to the trust when they are of age?
Re: Trust question?
http://californianfatrust.com/why-you-n ... nfa-trust/
The answer to your question is going to depend on what capacity you list the child in the trust and whether or not it is an "adult child".
The answer to your question is going to depend on what capacity you list the child in the trust and whether or not it is an "adult child".
http://www.youtube.com/watch?v=BDtd2jNIwAU MUSAFAR!
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Complete Form 1s http://www.silencertalk.com/forum/viewtopic.php?f=10&t=79895
http://www.youtube.com/watch?v=8CrOL-ydFMI This is Water DavidW
Complete Form 1s http://www.silencertalk.com/forum/viewtopic.php?f=10&t=79895
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Re: Trust question?
They are both very young minors at this point, but since these purchases seem to be for life, I was just trying to plan accordingly.
Re: Trust question?
You can word the trust to say they will only get possession after they age of 18. I recommend talking to a lawyer or someone who is well versed with writing trusts.
Re: Trust question?
The kids need to be 21 before they can take possession of an NFA item.yamatitan wrote:You can word the trust to say they will only get possession after they age of 18. I recommend talking to a lawyer or someone who is well versed with writing trusts.
Re: Trust question?
wrongaevert wrote:The kids need to be 21 before they can take possession of an NFA item.yamatitan wrote:You can word the trust to say they will only get possession after they age of 18. I recommend talking to a lawyer or someone who is well versed with writing trusts.
Re: Trust question?
This. I built a silencer at 20.yamatitan wrote:wrongaevert wrote:The kids need to be 21 before they can take possession of an NFA item.yamatitan wrote:You can word the trust to say they will only get possession after they age of 18. I recommend talking to a lawyer or someone who is well versed with writing trusts.
"I notice that everybody that is pro-abortion already has been born."
--Ronald Reagan
Form 1 .22 can
http://www.youtube.com/watch?v=mq-XG3tn7s0
--Ronald Reagan
Form 1 .22 can
http://www.youtube.com/watch?v=mq-XG3tn7s0
Re: Trust question?
The kids need to be 21 before they can take possession of an NFA item.[/quote]Bowen1911 wrote:You can word the trust to say they will only get possession after they age of 18. I recommend talking to a lawyer or someone who is well versed with writing trusts.
wrong[/quote]
This. I built a silencer at 20.
[/quote]
Hmm.... Everything I've ever read says you need to be 21. Does that only hold if you are purchasing from a class III dealer? (homemade and inherited items being exempted?)
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Re: Trust question?
The crocus here is that there is a legal distinction between what your NFA (Class 3 is a TAX BRACKET) dealer tells you and what your dealer doesen't tell you.
If someone comes to me - AS AN FFL I am obligated to tell them they need to be 21 to buy an NFA item.
If someone who is over 18 wishes to buy via Form 4 / build via Form 1 PRIVATE SALE an NFA item, that is 100% legal on a federal level. Save for a Form 1 MG.
To understand the law is to understand that there are different standards to which people are held. Just because a dealer says it - does not make it so 100% of the time.
If someone comes to me - AS AN FFL I am obligated to tell them they need to be 21 to buy an NFA item.
If someone who is over 18 wishes to buy via Form 4 / build via Form 1 PRIVATE SALE an NFA item, that is 100% legal on a federal level. Save for a Form 1 MG.
To understand the law is to understand that there are different standards to which people are held. Just because a dealer says it - does not make it so 100% of the time.
Last edited by GoingQuiet on Wed Apr 20, 2011 10:48 pm, edited 1 time in total.
GoingQuiet.com
07 FFL / 02 SOT
Melbourne, FL
NFA Sales & Transfers, Silencerco Stocking Distributor, AAC, SigSauer, Gemtech, Rock River Arms Stocking Dealer
[email protected]
07 FFL / 02 SOT
Melbourne, FL
NFA Sales & Transfers, Silencerco Stocking Distributor, AAC, SigSauer, Gemtech, Rock River Arms Stocking Dealer
[email protected]
Re: Trust question?
Themoreyouknow.jpgGoingQuiet wrote:buy/build/transfer PRIVATE SALE
Thanks, GQ
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Re: Trust question?
I revised my post, lest another person decides to Form 1 a machinegun at 18 since there's already plenty of documentation on that thread.aevert wrote:Themoreyouknow.jpgGoingQuiet wrote:buy/build/transfer PRIVATE SALE
Thanks, GQ
GoingQuiet.com
07 FFL / 02 SOT
Melbourne, FL
NFA Sales & Transfers, Silencerco Stocking Distributor, AAC, SigSauer, Gemtech, Rock River Arms Stocking Dealer
[email protected]
07 FFL / 02 SOT
Melbourne, FL
NFA Sales & Transfers, Silencerco Stocking Distributor, AAC, SigSauer, Gemtech, Rock River Arms Stocking Dealer
[email protected]
Re: Trust question?
THIS!!!!!!!!!GoingQuiet wrote: (Class 3 is a TAX BRACKET)
I hate hearing about Class 3 items. They are Title 2!!!!!!!!!
OCD rant over
"I notice that everybody that is pro-abortion already has been born."
--Ronald Reagan
Form 1 .22 can
http://www.youtube.com/watch?v=mq-XG3tn7s0
--Ronald Reagan
Form 1 .22 can
http://www.youtube.com/watch?v=mq-XG3tn7s0
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Re: Trust question?
(Internet Fist Bump)Bowen1911 wrote:THIS!!!!!!!!!GoingQuiet wrote: (Class 3 is a TAX BRACKET)
I hate hearing about Class 3 items. They are Title 2!!!!!!!!!
OCD rant over
GoingQuiet.com
07 FFL / 02 SOT
Melbourne, FL
NFA Sales & Transfers, Silencerco Stocking Distributor, AAC, SigSauer, Gemtech, Rock River Arms Stocking Dealer
[email protected]
07 FFL / 02 SOT
Melbourne, FL
NFA Sales & Transfers, Silencerco Stocking Distributor, AAC, SigSauer, Gemtech, Rock River Arms Stocking Dealer
[email protected]
Re: Trust question?
GoingQuiet wrote:
(Internet Fist Bump)
"I notice that everybody that is pro-abortion already has been born."
--Ronald Reagan
Form 1 .22 can
http://www.youtube.com/watch?v=mq-XG3tn7s0
--Ronald Reagan
Form 1 .22 can
http://www.youtube.com/watch?v=mq-XG3tn7s0