Are the benefits of an NFA trust worth it?

[Tanfodude]

As for sharing info, this is the best I could find.

Is it Illegal to Rent (or Borrow) a Class III NFA Item? - The Truth About Guns

 

[Ggreen]

It all boils down to- have a trust if you expect others to use without you present - no trust needed if you don't let them out of your sight or your own safe. They transfer free to your heir after death with or without a trust.

No one has been prosecuted or charged for letting someone not on the trust use the nfa item while in the presence of the stamp holder.

Before the recent revision a trust saved a lot of time and hassle, not so much anymore.

I filled a form 4 today for another suppressor and talked to the ffl for a while about both. He is seeing form 4 individuals clear in 4 to 5 months and trusts are upwards of a year.

Personal choice, but the only benefit it's for people who want to share nfa unsupervised. It's not a loan if you never leave it alone with someone else.

 

[Tanfodude]

It all boils down to- have a trust if you expect others to use without you present - no trust needed if you don't let them out of your sight or your own safe. They transfer free to your heir after death with or without a trust.

No one has been prosecuted or charged for letting someone not on the trust use the nfa item while in the presence of the stamp holder.

Before the recent revision a trust saved a lot of time and hassle, not so much anymore.

I filled a form 4 today for another suppressor and talked to the ffl for a while about both. He is seeing form 4 individuals clear in 4 to 5 months and trusts are upwards of a year.

Personal choice, but the only benefit it's for people who want to share nfa unsupervised. It's not a loan if you never leave it alone with someone else.

This is where the problem is, it's just subject to different interpretation as I posted earlier on it's definition. I just prefer not to be the test subject on this.

 

[Ggreen]

This is where the problem is, it's just subject to different interpretation as I posted earlier on it's definition. I just prefer not to be the test subject on this.

It's never been interpreted as no one else can shoot your nfa item is a crime, only letting it leave the stamp holders supervision has lead to a charge. You don't get a loan from a bank that is not allowed to be withdrawn. There is a ton of precedence for letting others use an nfa item while in the presence of the responsible person. Ranges rentals, mg shoots, kids using their parents suppressors, the list never ends. I've even handled and shot an SBR AR15 that a cop owned on a stamp. It's ok to worry but the people selling this idea are the people who didn't want to see their trust revenue fall.

 

[vangurley]

Trusts were better before they changed it and now you have to have finger prints for everyone listed on the trust.

 

[JonProphet]

The only difference before 41F and now is that if you purchase a new NFA item, you need prints. If you don't purchase new items, you can add/remove anyone from the trust w/o the need for prints.

Or am I speaking out of my ass again?

 

[Ggreen]

The only difference before 41F and now is that if you purchase a new NFA item, you need prints. If you don't purchase new items, you can add/remove anyone from the trust w/o the need for prints.

Or am I speaking out of my ass again?

Trusts used to be a work around for cleo signoff as well. That was a major driver for trusts. Now individual and trust applications only send notifications. Individuals used to have to get a signature.