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Didn't want to lose this info, if you guys know of a better way to do this let me know
Old 12-22-2007, 11:40 PM #3
David
The easiest way to create a trust is to go buy Quicken Willmaker.
Use the basic revocable living trust option and it will guide you through the setup.
Once the trust has been created all you do is mail in a copy of the certificate of trust with 2 Form 4s and a $200.00 check to the ATF. The forms are filled out to the trust ie:Stroked71Bowtie's Revocable Living Trust. You sign the form as Stroked71Bowtie, Trustee. Texas doesnt require any filing of the trust.
Then wait the normal time. Once the item is transferred to the trust, it gets added to teh trust inventory schedule.
Pros: No CLEO signature, fingerprints, or photos.
Cons: Many believe the ATF can and eventually will at anytime do away with the trust route. Many also believe that while using a $50.00 program to get your items is a good way, you get what you pay for. There's no wording in there specifically dealing with NFA stuff.
David
The easiest way to create a trust is to go buy Quicken Willmaker.
Use the basic revocable living trust option and it will guide you through the setup.
Once the trust has been created all you do is mail in a copy of the certificate of trust with 2 Form 4s and a $200.00 check to the ATF. The forms are filled out to the trust ie:Stroked71Bowtie's Revocable Living Trust. You sign the form as Stroked71Bowtie, Trustee. Texas doesnt require any filing of the trust.
Then wait the normal time. Once the item is transferred to the trust, it gets added to teh trust inventory schedule.
Pros: No CLEO signature, fingerprints, or photos.
Cons: Many believe the ATF can and eventually will at anytime do away with the trust route. Many also believe that while using a $50.00 program to get your items is a good way, you get what you pay for. There's no wording in there specifically dealing with NFA stuff.
Old 12-23-2007, 10:56 AM #15
David
Quote:
Stroked71Bowtie
Since we're asking questions...
What's the deal with SBRs. Say I want a short barreled AR. The S/N is on the lower, but the upper is the reason for needing the signoff. How are the upper and lower connected in the eyes of the law, since you can't just permanently pin them together? Would an SBR upper have it's own unique S/N?
With SBRs it's the exact same thing with normal guns. The receiver is the registered part.
When someone wants to SBR a firearm, they fill out a Form 1. A Form 1 is an application to make and register a firearm (this is to apply to make anything besides machine guns for the general public).
Form 1s are handled the same way as Form 4s for the most part. Form 1s require CLEO signature, photo, and fingerprints plus a $200 check, or $5 for AOWs.
The SBR thing, and same with anything else you make, you list the current manufacturer of the lower, then add any additional new info to the rifle. This is where you'd place "Stroked71Bowtie, Arlington, TX". This makes you the new manufacturer. This must also be engraved on your lower.
David
Quote:
Stroked71Bowtie
Since we're asking questions...
What's the deal with SBRs. Say I want a short barreled AR. The S/N is on the lower, but the upper is the reason for needing the signoff. How are the upper and lower connected in the eyes of the law, since you can't just permanently pin them together? Would an SBR upper have it's own unique S/N?
With SBRs it's the exact same thing with normal guns. The receiver is the registered part.
When someone wants to SBR a firearm, they fill out a Form 1. A Form 1 is an application to make and register a firearm (this is to apply to make anything besides machine guns for the general public).
Form 1s are handled the same way as Form 4s for the most part. Form 1s require CLEO signature, photo, and fingerprints plus a $200 check, or $5 for AOWs.
The SBR thing, and same with anything else you make, you list the current manufacturer of the lower, then add any additional new info to the rifle. This is where you'd place "Stroked71Bowtie, Arlington, TX". This makes you the new manufacturer. This must also be engraved on your lower.
Old 10-13-2009, 06:20 PM #45
DOHCTR
I just formed a trust this week.
I used this lady-
Her name is Misty Barajas and she specifically drafts NFA trusts for a living. Let me tell you, from a legal standpoint this thing is bullet proof. There is 12 pages of legal mumbo jumbo, half of which specifically deals with NFA items!
There is all kinds of wording specifically addressing machine guns, suppressors, etc.
I would highly recommend using her. She was very helpful and described the process of buying an item very well. It was unusual hearing a woman spout off information about SBRs and destructive devices, but very cool. I would highly recommend using Misty if you want to cut down on wait time for your NFA items, or if you dont want to mess with a CLEO signature.
DOHCTR
I just formed a trust this week.
I used this lady-
Her name is Misty Barajas and she specifically drafts NFA trusts for a living. Let me tell you, from a legal standpoint this thing is bullet proof. There is 12 pages of legal mumbo jumbo, half of which specifically deals with NFA items!
There is all kinds of wording specifically addressing machine guns, suppressors, etc.
I would highly recommend using her. She was very helpful and described the process of buying an item very well. It was unusual hearing a woman spout off information about SBRs and destructive devices, but very cool. I would highly recommend using Misty if you want to cut down on wait time for your NFA items, or if you dont want to mess with a CLEO signature.
Originally posted by 5.0_CJ
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Funding a trust is a basic concept that is necessary for a trust to be valid. The legal concept is that the trust does not exist if there is nothing in the trust. A Gun Trust can be funded with a firearm, money, or any other asset. Typically a Gun Trust will be used to acquire firearms and is often used for Title II Firearms. When you put money in or assign money to the trust, you have funded it and it is now valid. If you never assign property to a trust, it can create problems.
For example, if your trust is unfunded, and you purchase a Title II Firearm from a dealer personally you will own it personally. An Assignment sheet may fund the trust, but if the AFT has not approved the assignment or an additional fee is not paid, you may have created a legal problem.
Funding a NFA trust, purchasing NFA Firearms, and proper use of a Gun Trust are very important to understand and something you should ask your Gun Trust Lawyer® about.
For example, if your trust is unfunded, and you purchase a Title II Firearm from a dealer personally you will own it personally. An Assignment sheet may fund the trust, but if the AFT has not approved the assignment or an additional fee is not paid, you may have created a legal problem.
Funding a NFA trust, purchasing NFA Firearms, and proper use of a Gun Trust are very important to understand and something you should ask your Gun Trust Lawyer® about.
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