C&R/NFA Trust Question

[rbhargan]

I know that an NFA trust cannot apply for a C&R or FFL, but if I have a C&R under my name, can I then transfer a firearm that I purchased using that C&R into an NFA trust? I assume that I would just make an entry into my C&R record book that the item was transferred to the trust.

Am I missing something?

 

[KJQ6945]

A $200 dollar transfer to have it in the trust, maybe?

 

[rbhargan]

A $200 dollar transfer to have it in the trust, maybe?

No. A trust is a trust. An NFA trust can contain firearms other than Class III (at least I see no reason they cannot). The trust was originally created to hold a proposed SBR (still waiting on approval). However, I believe I can add non-Class III firearms to its Schedule A.

To preempt the next question, the purpose of placing firearms in the trust is to remove them from the probate process, simplifying the inheritance process.

 

[boogieman]

It's not an Nfa iten so just add it to your schedule page.

 

[rbhargan]

It's not an Nfa iten so just add it to your schedule page.

Exactly. I assume that I can transfer an item by simply making an entry in my C&R book that the item was transferred to the Trust. I would then update the Trust's Schedule A to reflect that. It seems pretty straightforward to me, but I was not sure if I was missing something.

 

[KJQ6945]

No. A trust is a trust. An NFA trust can contain firearms other than Class III (at least I see no reason they cannot). The trust was originally created to hold a proposed SBR (still waiting on approval). However, I believe I can add non-Class III firearms to its Schedule A.

To preempt the next question, the purpose of placing firearms in the trust is to remove them from the probate process, simplifying the inheritance process.

My mistake, I thought the C&R item we were talking about was a class 3 item.
Just add it to the trust.

 

[JettaKnight]

My mistake, I thought the C&R item we were talking about was a class 3 item.
Just add it to the trust.

...and record the disposition in your bound book.