Results 1 to 10 of 18
Thread: Family Firearms Trust
-
December 10th, 2010, 09:17 PM #1Junior Member
- Join Date
- Dec 2008
- Location
-
Lewisburg,
Pennsylvania
(Union County) - Posts
- 11
- Rep Power
- 0
Family Firearms Trust
Does anyone have experience with these for the purchase of class III items? Is it worth it?
I understand that any item held in a trust must be engraved with the trusts name. Who could do that? A gunsmith or jeweler? Any help is appreciated.
-
December 10th, 2010, 10:54 PM #2Active Member
- Join Date
- Dec 2008
- Location
-
Mountaintop,
Pennsylvania
(Luzerne County) - Posts
- 210
- Rep Power
- 339828
Re: Family Firearms Trust
OK first of all, yes a trust is well worth it IMHO for NFA items. Not only can you forget about CLEO signatures, fingerprints, and photos, but anyone named as a trustee can posess the item.
As for engraving, that only applies if you are manufacturing on a form 1. Anything you as an individual would have on a form 4 the trust can have on a form 4, engraving only applies if you manufacture the item and it has to be engraved if it is an LLC, trust or individual.
-
December 10th, 2010, 11:22 PM #3
Re: Family Firearms Trust
To clarify, a felon could be named as a trustee, but that felon still can't possess any firearm, much less an NFA firearm. Make sure anyone who possesses an NFA firearm has passed PICS recently. And they have to be a PA resident if it's a PA trust, you can't transport any NFA firearm across state lines (well, almost any.)
Also, it's possible to screw up a trust to the point that it's not valid. Anyone with a trust's NFA firearm in his possession avoids a felony only to the extent that every one of the links between the Registry and himself is valid and proper. The trust must be valid, he can't be a prohibited person, he has to be a bona fide trustee, etc. I'd be leery of a "trustee" in name only, who has no duties, no compensation, no authority.
-
December 11th, 2010, 01:16 PM #4
-
December 13th, 2010, 09:48 AM #5Active Member
- Join Date
- Feb 2008
- Location
-
Pennsylvania
(Butler County) - Posts
- 216
- Rep Power
- 467
Re: Family Firearms Trust
[they have to be a PA resident if it's a PA trust, you can't transport any NFA firearm across state lines (well, almost any.)
So a PA Trust is only valid in PA- Cant I fill out the 5320's and go to Knobcreek from PA?thx
-
December 13th, 2010, 11:38 AM #6
Re: Family Firearms Trust
Sure, with ATF permission your trust can transport it across state lines temporarily, but you can't ignore state boundaries when picking trustees. ATF cares where the firearm "resides".
It's something to pay attention to, sort of like the rule about the exception for handgun transfers between parent/child, spouses, and grandparent/grandchild, where it's null and void if they live in different states.
-
December 13th, 2010, 12:59 PM #7Active Member
- Join Date
- Feb 2008
- Location
-
Pennsylvania
(Butler County) - Posts
- 216
- Rep Power
- 467
Re: Family Firearms Trust
I understand now- thanks for all of the great info.
Donth- I only wish I had got into the Nfa stuff back in the 80's but never late than never!
-
December 13th, 2010, 01:33 PM #8
Re: Family Firearms Trust
I got a trust made and I'm very happy with it. It's basically a stack of papers that makes NFA transfers and possession a lot easier, especially if you have a family and want to include them. Look up Joshua Prince if you need a lawyer. Whatever you do, don't try to make one yourself with Quicken or some other program. It's way too risky, the ATF could approve your application, and years later check your file and find a mistake that invalidates it. It has happened.
-
December 16th, 2010, 11:08 PM #9Member
- Join Date
- Nov 2010
- Location
-
SC,
Pennsylvania
(Jefferson County) - Posts
- 47
- Rep Power
- 0
Re: Family Firearms Trust
Unless someone wants to put me as Trustee on there Trust then im going to try & talk my cousin into doing one with me.
Im wondering & I think he will wonder what are the details about this ?
Penalties for Violating the National Firearms Act can be Severe.
Each violation of the National Firearms Act subjects the owner to forfeiture of all weapons, 10 years in prison, and fines of up to $250,000. An NFA Firearms Trust provides guidance to the creators, managers, and beneficiaries of the trust to help them avoid violating the NFA.
-
December 17th, 2010, 12:36 AM #10Active Member
- Join Date
- Jul 2009
- Location
-
Pitts Intl Airport Area,
Pennsylvania
(Allegheny County) - Posts
- 136
- Rep Power
- 159
Re: Family Firearms Trust
I am wondering if it would be a good Idea after I make my trust to put all of my fire arms in it. What does ever one think?
Similar Threads
-
Your Family Firearms
By mike_yorkPA in forum Gun PicturesReplies: 10Last Post: July 27th, 2010, 11:19 PM -
Please help me welcome my new firearms to my family.
By Never_Enough in forum GeneralReplies: 3Last Post: November 30th, 2009, 01:10 AM -
gun trust?
By mpoppel41 in forum GeneralReplies: 5Last Post: September 6th, 2009, 09:05 AM -
Family member scared to death of firearms...
By Neo31rex31 in forum GeneralReplies: 17Last Post: January 8th, 2009, 12:12 PM -
Advice on transfer of firearms - death of a family member
By carcass in forum GeneralReplies: 6Last Post: May 28th, 2008, 01:14 PM
Bookmarks