Firearms Trusts

[Reverenddel]

Yeah, I think this Pierce guy is rapidly becoming a need in my world.

Second question, how to non-firearm items get processed? IE: Suppressors. I keep reading about it online, but someone boil down to basic language. From what I've read, you pay for it, they hold it, Form 4 is filed, you wait 6 months, ATF makes $200 off of you, you get a piece of paper with a stamp on it.

Do you pay cash since it's in a trust's name? I know GreenTop runs a background check, but do they HAVE to do that?

I appreciate all this help. Thanks.

[MarcSpaz]

I do the paperwork as the Trust, then I use my credit card or debit cards, as I am a Trustee. In the Trust itself, you note that you transferred X amount of dollars to the Trust for the sole purpose of purchasing item Y, then keep the receipts from your charge in the Trust financial records.

Also, I transferred $10 cash to my Trust, so if by some chance all of the Trust assets are sold at the same time, the Trust will still exist because it has $10. A t
Trust can't legally exist without assets.

[ Post made via Mobile Device ]

[MarcSpaz]

I completely forgot to add one really important part to the benefit of a Trust for all of your belongings, especially your non-NFA items...

Anything in a trust is community property, belonging to a collective group of trustees and beneficiaries, and as such, all property in the trust is protected from court orders relating to confiscation of personal property to settle debt for bankruptcy, personal injury lawsuits, and other financial liability claims.

It will be bad enough if you have to go through any of those types of things... you shouldn't have to lose property you worked hard to acquire.