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Thread: Not using my trust?

  1. #1
    Expert

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    Not using my trust?

    Okay Iíll try to make this sweet and to the point. I have a trust set up with myself and my wife as trustees. Kids are beneficiaries. My wife could care less about guns and has no clue about any of this NFA stuff. Back in 15 when I set it up I could buy anything I wanted and put it in the trust without telling her. Now Iím told she would need to get a picture taken and fingerprints if I buy another NFA item. Itís going to make my life hell. Lol. My question is can I just buy an NFA item without using the trust and just put it in my own name or is that not a smart play? Iíve been out of the game for a few years and see some things have changed.

  2. #2
    Master CampingJosh's Avatar

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    You can definitely purchase NFA firearm personally instead of with the trust if you want.

    I'm in a somewhat similar situation; my wife and I are the grantors of a trust that currently has two stamps (third pending). She is much less interested in firearms than I am.

    I think the trust is still the best option. Because the trust is the owner, if I die before her, she doesn't have to do anything related to the guns. She can simply mourn for a while. We have a friend who is a NFA dealer who would help her in that situation, but I still want to make life as easy on her as possible even in terrible circumstances.

    There are apps that make passport photos stupid easy, and you can just take her picture on your phone. Fingerprints are a bit more of a bother, but it really isn't much compared to what the hassle would be if you die before her.

    I say stick with the trust.
    "The problem with internet quotations is that many are not genuine." -Abraham Lincoln

  3. #3
    Plinker

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    My wife hates doing fingerprints too. If you have a silencershop kiosk nearby, you can make things a lot easier. If you buy through silencershop, you can simply go to the kiosk and put your fingerprints in once, and they are stored for life. If you are near Avon, Parabellum has great hours and a Silencershop kiosk right when you walk in the door. If you aren't buying through silencershop, you can still use the kiosk for your prints and then call silencershop and they will send you fingerprint cards for $15 per set.

  4. #4
    M67
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    Grandmaster M67's Avatar

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    If she couldn't care less about the NFA stuff, just amend the trust and remove her as a responsible person but keep her as a beneficiary. After the stamp comes back (and you don't have any other pending stamps) just amend the trust back adding her as a responsible person if you wish

  5. #5
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    Quote Originally Posted by M67 View Post
    If she couldn't care less about the NFA stuff, just amend the trust and remove her as a responsible person but keep her as a beneficiary. After the stamp comes back (and you don't have any other pending stamps) just amend the trust back adding her as a responsible person if you wish

    Yes that is a great idea. I think that might be the way to go. I think I just found my Huckleberry too. CZ Scorpion EVO 3 S2 Pistol Micro w/ Brace and I will just file the paperwork to SBR it and use it the way it sits until then.


  6. #6
    Plinker

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    If you are going to SBR your Scorpion, make sure you Efile the Form 1 and it will come back in under a month. It will be 8 to 10 months on a paper Form 1.

  7. #7
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    Here's what I did...

    I have two trusts. The first has nine people on it and it wasn't worth trying to get all the paperwork, so I created a second trust with just me. Sooner or later, I'll add others to the trust when I'm done buying. That way, it's easier to transfer to my children.

  8. #8
    Expert

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    Iím going to need to do some research on filing anything. Iím used to just walking into copper customs and having them handle everything.

    Quote Originally Posted by sloppyjoe View Post
    If you are going to SBR your Scorpion, make sure you Efile the Form 1 and it will come back in under a month. It will be 8 to 10 months on a paper Form 1.

  9. #9
    Expert

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    So Iíll probably get around to calling CZ but given the collapsible stock on the micro how hard is it to add an adjustable stock once the stamp comes though or a folding arm brace if I want to keep it a pistol and donít care for the factory one on the micro

  10. #10
    Expert Ricnzak's Avatar

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    Quote Originally Posted by M67 View Post
    If she couldn't care less about the NFA stuff, just amend the trust and remove her as a responsible person but keep her as a beneficiary. After the stamp comes back (and you don't have any other pending stamps) just amend the trust back adding her as a responsible person if you wish
    Quote Originally Posted by Rookie View Post
    I have two trusts. The first has nine people on it and it wasn't worth trying to get all the paperwork, so I created a second trust with just me. Sooner or later, I'll add others to the trust when I'm done buying. That way, it's easier to transfer to my children.
    Does it cost to amend the form each time?


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