Transfer from individual stamp to a Trust
Transfer from individual stamp to a Trust
Hello, I have NFA stuff as an individual.
I have gotten a trust completed and would like to transfer
the existing NFA stuff into the trust, I know it is another $200.00 per item
and that is about all I know.
What goes in the various Form 4 or Form 1 boxes?
Thanks!!!
I have gotten a trust completed and would like to transfer
the existing NFA stuff into the trust, I know it is another $200.00 per item
and that is about all I know.
What goes in the various Form 4 or Form 1 boxes?
Thanks!!!
Re: Transfer from individual stamp to a Trust
It will be a f4 and the trust info in all the boxes.
Re: Transfer from individual stamp to a Trust
These will all be a Form 4 transfer.
You are basically filling the Form 4 out as if you are the dealer/owner and the trust is the buyer, since you already own the item, and are transferring it into your new trust. The process would be the same if you were selling your item(s) to an in-state buyer. Your personal (seller) information goes in the Transferor boxes, and the trust (buyer) information goes in the Transferee boxes.
Here's how I filled out my Form 4 to move an old silencer into my trust:
1. Check box for [$200]
2a. Name and address on your trust (If no address in the trust use the address where items are primarily stored)
2b. County from address in 2a
3a. Name of the individual on the current Form 1 or Form 4 (this is you)
3b. Telephone number of the individual on the current Form 1 or Form 4 (your phone number)
3d & 3c did not apply to my transfer, I left them blank
4. This should match the information on your current Form 1 or Form 4
5-8. Blank since you aren't using a dealer
9. I always circle "I DO"
10. Signature of individual on current Form 1 or Form 4 (your signature, since you are the original owner, now signing your property away to the trust)
11. Printed name of individual in block 10. (your printed name)
12. Date
13 & 14. Some people leave these blank. I check "NO" on all of them.
15. Name of Trust goes in first blank. "ANY LAWFUL PURPOSE" (or whatever your excuse is) goes in second blank. Your signature goes in third blank, since you are (I'm assuming) listed in the trust as a Trustee. Date in fourth blank.
16. Do not submit a photo. (Do not submit fingerprints either)
17. I mark every open blank as "N/A". Some people leave it all blank. (you do not need a local LE sign-off either, just send your forms to the address at the top of the Form 4)
I hope that helps. It can be somewhat confusing as to what you need to put where, since you are transferring it to "yourself" in a way. I just think of it as I'm selling my property to my trust, and it just so happens that this new owner (trust) lives at my address, and I am legally responsible, hence why you put your signature in the areas where it asks for the signature of the new owner.
-BK
You are basically filling the Form 4 out as if you are the dealer/owner and the trust is the buyer, since you already own the item, and are transferring it into your new trust. The process would be the same if you were selling your item(s) to an in-state buyer. Your personal (seller) information goes in the Transferor boxes, and the trust (buyer) information goes in the Transferee boxes.
Here's how I filled out my Form 4 to move an old silencer into my trust:
1. Check box for [$200]
2a. Name and address on your trust (If no address in the trust use the address where items are primarily stored)
2b. County from address in 2a
3a. Name of the individual on the current Form 1 or Form 4 (this is you)
3b. Telephone number of the individual on the current Form 1 or Form 4 (your phone number)
3d & 3c did not apply to my transfer, I left them blank
4. This should match the information on your current Form 1 or Form 4
5-8. Blank since you aren't using a dealer
9. I always circle "I DO"
10. Signature of individual on current Form 1 or Form 4 (your signature, since you are the original owner, now signing your property away to the trust)
11. Printed name of individual in block 10. (your printed name)
12. Date
13 & 14. Some people leave these blank. I check "NO" on all of them.
15. Name of Trust goes in first blank. "ANY LAWFUL PURPOSE" (or whatever your excuse is) goes in second blank. Your signature goes in third blank, since you are (I'm assuming) listed in the trust as a Trustee. Date in fourth blank.
16. Do not submit a photo. (Do not submit fingerprints either)
17. I mark every open blank as "N/A". Some people leave it all blank. (you do not need a local LE sign-off either, just send your forms to the address at the top of the Form 4)
I hope that helps. It can be somewhat confusing as to what you need to put where, since you are transferring it to "yourself" in a way. I just think of it as I'm selling my property to my trust, and it just so happens that this new owner (trust) lives at my address, and I am legally responsible, hence why you put your signature in the areas where it asks for the signature of the new owner.
-BK
Re: Transfer from individual stamp to a Trust
I'm curious as to why you are going to spend the money to put what you already own into the trust? I could see putting any future items in the trust, but why the current ones? This isn't any type of criticism, just a question.
- Bendersquint
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Re: Transfer from individual stamp to a Trust
One of 2 things........... A NFA trust lawyer got to him and fed him a line of paranoia or he wants to be able to have other people to have access to his toys.dtom29 wrote:I'm curious as to why you are going to spend the money to put what you already own into the trust? I could see putting any future items in the trust, but why the current ones? This isn't any type of criticism, just a question.
The latter reason would be why i would transfer all my individual items into a trust.
Re: Transfer from individual stamp to a Trust
Maybe he wants the ability to leave his items with someone trusted. Thats why I started a Trust. I love it but if the new stupid ruling where photos and finger prints required, I will switch to individual. No time to get prints and photos from every responsible listed in the trust each time.
Re: Transfer from individual stamp to a Trust
Bkoski, thanks, very helpful....
Re: Transfer from individual stamp to a Trust
I am also thinking about transferring items held as an individual to a trust to allow family members access without my presence. I've heard horror stories of the ATF invalidating trusts. What happens when a trust is invalidated? With a normal trust the ownership reverts back to the previous owner. Is that the case with NFA items?
- Bendersquint
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Re: Transfer from individual stamp to a Trust
I have yet to see an invalidated trust once approved.Slaine777 wrote:I am also thinking about transferring items held as an individual to a trust to allow family members access without my presence. I've heard horror stories of the ATF invalidating trusts. What happens when a trust is invalidated? With a normal trust the ownership reverts back to the previous owner. Is that the case with NFA items?
If it were ever invalidated it would require a transfer out of it requiring another transfer stamp.
Again I have yet to see an invalidated trust, regardless it be a Quicken or an expensive Gun Trust Lawyer trust.
It is internet rumor.
Re: Transfer from individual stamp to a Trust
Hypothetically though, if some kind of passed legislation were to eliminate/weaken the Trust route, wouldn't a generic Quicken template have more potential legal holes in it to render it invalid?Bendersquint wrote:I have yet to see an invalidated trust once approved.Slaine777 wrote:I am also thinking about transferring items held as an individual to a trust to allow family members access without my presence. I've heard horror stories of the ATF invalidating trusts. What happens when a trust is invalidated? With a normal trust the ownership reverts back to the previous owner. Is that the case with NFA items?
If it were ever invalidated it would require a transfer out of it requiring another transfer stamp.
Again I have yet to see an invalidated trust, regardless it be a Quicken or an expensive Gun Trust Lawyer trust.
It is internet rumor.
- Bendersquint
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Re: Transfer from individual stamp to a Trust
Without knowing the text of the hypothetical legislation that question can not be answered.rimshaker wrote:Hypothetically though, if some kind of passed legislation were to eliminate/weaken the Trust route, wouldn't a generic Quicken template have more potential legal holes in it to render it invalid?Bendersquint wrote:I have yet to see an invalidated trust once approved.Slaine777 wrote:I am also thinking about transferring items held as an individual to a trust to allow family members access without my presence. I've heard horror stories of the ATF invalidating trusts. What happens when a trust is invalidated? With a normal trust the ownership reverts back to the previous owner. Is that the case with NFA items?
If it were ever invalidated it would require a transfer out of it requiring another transfer stamp.
Again I have yet to see an invalidated trust, regardless it be a Quicken or an expensive Gun Trust Lawyer trust.
It is internet rumor.
The Trust route will not be eliminated, I know that for sure.
Re: Transfer from individual stamp to a Trust
Stamp for trust item completed, 300 days in total.
Re: Transfer from individual stamp to a Trust
Nope. Gubmint comes and crushes the cans. Sorry.Slaine777 wrote:I am also thinking about transferring items held as an individual to a trust to allow family members access without my presence. I've heard horror stories of the ATF invalidating trusts. What happens when a trust is invalidated? With a normal trust the ownership reverts back to the previous owner. Is that the case with NFA items?
- m1garand30064
- Silent But Deadly
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Re: Transfer from individual stamp to a Trust
Not necessarily.rimshaker wrote:Hypothetically though, if some kind of passed legislation were to eliminate/weaken the Trust route, wouldn't a generic Quicken template have more potential legal holes in it to render it invalid?Bendersquint wrote:I have yet to see an invalidated trust once approved.Slaine777 wrote:I am also thinking about transferring items held as an individual to a trust to allow family members access without my presence. I've heard horror stories of the ATF invalidating trusts. What happens when a trust is invalidated? With a normal trust the ownership reverts back to the previous owner. Is that the case with NFA items?
If it were ever invalidated it would require a transfer out of it requiring another transfer stamp.
Again I have yet to see an invalidated trust, regardless it be a Quicken or an expensive Gun Trust Lawyer trust.
It is internet rumor.
AAC 762SD
AAC M4-2000
Allen Engineering AE30
SilencerCo Sparrow (Aluminum)
SilencerCo Sparrow (Stainless)
SilencerCo Osprey .45
SWR Spectre II
SWR Octane 9 HD
AAC M4-2000
Allen Engineering AE30
SilencerCo Sparrow (Aluminum)
SilencerCo Sparrow (Stainless)
SilencerCo Osprey .45
SWR Spectre II
SWR Octane 9 HD
Re: Transfer from individual stamp to a Trust
so why did you do it?paper9 wrote:Stamp for trust item completed, 300 days in total.
Re: Transfer from individual stamp to a Trust
Did not fully understand the Form 5. However, one item is now stamped twice.
Re: Transfer from individual stamp to a Trust
I did this same transfer awhile ago with a suppressed pistol. In the event of my demise, my wife would be in legal possession and wouldn't be troubled with any illegal penalty's..
- Bendersquint
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Re: Transfer from individual stamp to a Trust
She wouldnt have been troubled with an illegal activities anyways. It happens ALL the time and wifes and husbands arent arrested because of the owners death.strom19 wrote:I did this same transfer awhile ago with a suppressed pistol. In the event of my demise, my wife would be in legal possession and wouldn't be troubled with any illegal penalty's..
File the Form5 and you are fine.
Re: Transfer from individual stamp to a Trust
I figured another 200.00 would be worth it in order to alleviate the trouble of her having her fill out the 5 form plus fingerprints and photo's. Since my having a trust I also purchased other items and entered them into it.
Re: Transfer from individual stamp to a Trust
When the trust distributes NFA items to a beneficiary, that's still a transfer, and NFA paperwork will still have to be done.
- Bendersquint
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Re: Transfer from individual stamp to a Trust
Yup but would be done via Form5 so its faster than a Form4 and FREE!danb35 wrote:When the trust distributes NFA items to a beneficiary, that's still a transfer, and NFA paperwork will still have to be done.
Re: Transfer from individual stamp to a Trust
Unless she's a co-trustee then nothing needs to be done.danb35 wrote:When the trust distributes NFA items to a beneficiary, that's still a transfer, and NFA paperwork will still have to be done.
Re: Transfer from individual stamp to a Trust
Hey guys, bumping an old thread.. I stamped an item as an individual on a Form 1 (SBR) and want to transfer it to my trust. When it comes to transferring the Form 1 to the Form 4 who do I put in as the manufacturer in 4a on the Form 4? Will it be the original manufacturer (Doublestar Corp.) or will I put the information from the first block on my Form 1 (My name and address)?
- Bendersquint
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Re: Transfer from individual stamp to a Trust
You would put your information in there as you made it into the SBR.Jjsmg wrote:Hey guys, bumping an old thread.. I stamped an item as an individual on a Form 1 (SBR) and want to transfer it to my trust. When it comes to transferring the Form 1 to the Form 4 who do I put in as the manufacturer in 4a on the Form 4? Will it be the original manufacturer (Doublestar Corp.) or will I put the information from the first block on my Form 1 (My name and address)?
Re: Transfer from individual stamp to a Trust
Thanks bud, that's what I was thinking too