BUY NOW IF YOU WANT TO USE A TRUST, Obama ending trusts
Is this different than the existing proposed 41p regulatory rewrite?
Quote:
Originally Posted by
jc000
This is confusing (sorry). I'd like a trust so I don't have to worry about my immediate family having access to my future NFA purchases. I have none currently.
Does this mean that I will no longer be able to share ownership with another person for an NFA item? Or just that we'd all need background checks?
Can I set up a trust to purchase NFA items even if I'm not planning on purchasing any in the near future?
IIRC - I haven't really been following very closely and no longer do NFA trusts except as a favor - the ATF is going to start requiring trustees and corporate officers to get fingerprinted, photographed and have their local CLEO sign off on their NFA applications. Which last bit effectively kills NFA purchasing in jurisdictions where the local CLEO refuses to sign off. Trusts are (used to be?) a way around the CLEO sign off, fingerprint and photo requirements.
So to answer your question, assuming 41p gets implemented - a pretty good guess at this point - and that you live in an NFA unfriendly jurisdiction, I wouldn't bother with a trust if you're not going to get it finished and buy a whole bunch of NFA stuff tomorrow.
BUY NOW IF YOU WANT TO USE A TRUST, Obama ending trusts
Quote:
Originally Posted by
LittleLebowski
Preliminary, not carved in stone, etc but Hansohn Bros thinks it will take a few weeks to implement.
I'm being hyperbolic, but, what the hey, that's keeping in the theme of the thread ;).
Quote:
Originally Posted by
jc000
My CLEO will sign off on NFA purchases. No worry there.
My only concern is my wife / kids having access to or "possessing" any NFA items I purchase. Sounds like this proposed order won't effect that.
The NFA is stupid. That's the first thing to understand. So, say you set up a trust with yourself as trustee and only person authorized to use the firearm until your death. You pass the new "background check" with flying colors and collect your new fun toy. Later that night, you add your spouse and her Uncle Larry to the trust as co-trustees, which you can do because the trust is revocable and can be changed at will. Hey presto, now they can use the NFA firearm without the background check.* AFAIK there is no requirement in 41p for additional checks after the purchase for new authorized persons. See? Stupid
*Like I said, I haven't fooled with the NFA or looked at 41p in a while so DO NOT rely on this analysis. Consult your lawyer, who is someone other than me.