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Going to bite the bullet and set up a trust for NFA items...

Posted: Thu Feb 28, 2013 5:06 pm
by stevie_d_64
The firm that I pay money to for representation if I ever get into a shooting incident is going to meet with me tomorrow to set it all up...

I was told I can add family members (who are legal to possess, use NFA items), so that makes it easy, there are only two of us who would utilize these pieces of equipment...

Since we do not have the items yet, we will go shopping, buy the items, then add the make, model, serial number on an appendix and then send that paperwork off to the pope (BATF) for their blessing...6-9 months as it stands now...By that time we will have had the one-two firearms adapted to receive (mount) the suppressors...And we're off to the races...

No fingerprints, photos necessary according to the lawyer at this firm...Just the paperwork, $200 for each NFA item noted, and $299 for their time and effort...

This is a great firm to work with on this and other firearms related issue...

Hopefully, by close to the end of the year, we'll have had several practice sessions with these supressors, and see how well they work...

Expensive hobby... :thumbs2:

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Thu Feb 28, 2013 5:10 pm
by RX8er
Wait, I thought these things were illegal and you would go to to jail for eva. :biggrinjester:

Congrats on taking the plunge. I'll be headed there myself very soon. :cheers2: Which toys are you planning to equip with the suppressor?

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Thu Feb 28, 2013 6:20 pm
by stevie_d_64
Ohhhh, A GEM-TECH for a new upper on an old CAR rifle...(Dad's)

A cute little SilencerCO "Sparrow" for a Ruger MkIII already threaded...

And a ThunderBeast for a Remington 700 in .308

Going to be a pretty penny for all this stuff, but hey...

The great thing about the "trust" is that it can be amended to include other family members later on...I do not plan on being around forever, so I need to make sure everything stays legal for those others when the final "cease fire" is called... :thumbs2:

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Thu Feb 28, 2013 9:08 pm
by alvins
glad you took the plunge into the nfa world. just remember your trust isnt a gun toy club. Anyone wanting to be on my trust has to be willing to pay their fair share of expenses.
I set mine up with the intentions of only buying one... im up to 3 supressors now.lol

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Thu Feb 28, 2013 9:16 pm
by AdioSS
I'm in the process of doing the same right now.

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Thu Feb 28, 2013 9:23 pm
by TheDude
stevie_d_64 wrote:The firm that I pay money to for representation if I ever get into a shooting incident is going to meet with me tomorrow to set it all up...

I was told I can add family members (who are legal to possess, use NFA items), so that makes it easy, there are only two of us who would utilize these pieces of equipment...

Since we do not have the items yet, we will go shopping, buy the items, then add the make, model, serial number on an appendix and then send that paperwork off to the pope (BATF) for their blessing...6-9 months as it stands now...By that time we will have had the one-two firearms adapted to receive (mount) the suppressors...And we're off to the races...

No fingerprints, photos necessary according to the lawyer at this firm...Just the paperwork, $200 for each NFA item noted, and $299 for their time and effort...

This is a great firm to work with on this and other firearms related issue...

Hopefully, by close to the end of the year, we'll have had several practice sessions with these supressors, and see how well they work...

Expensive hobby... :thumbs2:
I think i know the firm you are using. LOL. Used them myself. Great guys and gals to work with. You are correct that there will be no fingerprints or photos needed and more importantly no CLEO signature. A Trust is the only way to go IMO. I sent my paperwork on Aug 14, 2012 and my transfer was approved on Jan 28, 2013. So about 6 months. Just send the Form 4s in and try to forget about them as hard as that might be. :waiting:

Once your form is received you can call the ATF at (304) 616-4500 and give them your serial numbers to check the status of your transfer. Might want to call about 8-10 weeks after you mail them to make sure they got them and have went pending status. After that there is really no reason to keep calling. It is nice to know they have the paperwork though.

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Thu Feb 28, 2013 9:25 pm
by bfm0072
Congrats. I am very close to doing the same thing. I shot a suppressed walther a couple of years ago and was hooked.

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Fri Mar 01, 2013 9:40 pm
by stevie_d_64
Yep, done deal...I saw the number to the ATF on her board next to her desk, as we were inputting info...I have a co-trustee in the deal and one beneficiary just in case I kick the bucket...

I have the items we want figured out, I just gotta go work the deal get the info needed and the form 4's and poof...Thar she goes...I'll put a subtle reminder for 6 months from now (on my electronic rolodex/leash) to keep my eyes and ears peeled for activity...

Now the real thinking begins...You have to keep the proof very near you when these items are in use...So I wonder if a photocopy of the original "stamped" form will work if it is encased in a sturdy but transparent sleave, to protect from the elements...Just some of the things running thru muh mind...Keep the originals locked up in a "safe" spot...

What's funny now is I gotta figure out a way to get the feeling I have this big bullseye tattoo'd on my forehead now... :smilelol5:

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Sat Mar 02, 2013 8:01 am
by OldCannon
TheDude wrote: I think i know the firm you are using. LOL. Used them myself. Great guys and gals to work with. You are correct that there will be no fingerprints or photos needed and more importantly no CLEO signature. A Trust is the only way to go IMO. I sent my paperwork on Aug 14, 2012 and my transfer was approved on Jan 28, 2013. So about 6 months. Just send the Form 4s in and try to forget about them as hard as that might be. :waiting:
This will likely change sometime around August. The two significant changes are:
1) An individual purchasing an NFA item needs only to inform the CLEO after-the-fact. Ownership will NOT be gated on the CLEO's whim.
2) All persons on a trust must be fingerprinted/photo'ed/background checked before they may possess an NFA item.

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Sat Mar 02, 2013 10:01 am
by johncanfield
Can you set up a trust before you plunk your money down on a NFA item?

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Sat Mar 02, 2013 10:06 am
by TheDude
OldCannon wrote:
TheDude wrote: I think i know the firm you are using. LOL. Used them myself. Great guys and gals to work with. You are correct that there will be no fingerprints or photos needed and more importantly no CLEO signature. A Trust is the only way to go IMO. I sent my paperwork on Aug 14, 2012 and my transfer was approved on Jan 28, 2013. So about 6 months. Just send the Form 4s in and try to forget about them as hard as that might be. :waiting:
This will likely change sometime around August. The two significant changes are:
1) An individual purchasing an NFA item needs only to inform the CLEO after-the-fact. Ownership will NOT be gated on the CLEO's whim.
2) All persons on a trust must be fingerprinted/photo'ed/background checked before they may possess an NFA item.
Interesting. So if you already have items registered to a Trust what happens? I am assuming this will only affect new purchases? I had heard about the CLEO going away but not about fingerprints and photos for Trusts. I don't have a problem with it but it will be a pain to get fingerprints for my trustees when i make a purchase.

I would most likely just register future items as an individual if this happens. I am guessing that is there intended goal here. To get people to stop using trusts to bypass the fingerprints and backgroud check. However, I believe most people are really just using a trust so they don't need CLEO's signature.

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Sat Mar 02, 2013 10:38 am
by Jumping Frog
OldCannon wrote:This will likely change sometime around August. The two significant changes are:
1) An individual purchasing an NFA item needs only to inform the CLEO after-the-fact. Ownership will NOT be gated on the CLEO's whim.
2) All persons on a trust must be fingerprinted/photo'ed/background checked before they may possess an NFA item.
What about corporations? Are officers going to need the same fingerprinting/photo/background check?

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Sat Mar 02, 2013 10:54 am
by texanjoker
I would like to do that some day. Wish it wasn't so costly. I was told by the FFL that I would have to as well, as our sheriff won't sign off on the stuff.

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Sat Mar 02, 2013 10:59 am
by Carry-a-Kimber
stevie_d_64 wrote:Ohhhh, A GEM-TECH for a new upper on an old CAR rifle...(Dad's)

A cute little SilencerCO "Sparrow" for a Ruger MkIII already threaded...

And a ThunderBeast for a Remington 700 in .308

Going to be a pretty penny for all this stuff, but hey...

The great thing about the "trust" is that it can be amended to include other family members later on...I do not plan on being around forever, so I need to make sure everything stays legal for those others when the final "cease fire" is called... :thumbs2:
Any reason you are going with a .308 and .223 can instead of a multi-caliber can?

Re: Going to bite the bullet and set up a trust for NFA item

Posted: Mon Mar 04, 2013 11:16 pm
by IChangIT
I would love to do it for my .300 Blackout...if I only had the money. :grumble