This is kind of my feeling about it too. I built my trust for deployments and for death beneficiaries and while I don't have many NFA items compared to others it just seemed like the answer at the time. Also as I look at passing the 90 day mark this week, for my single RP trust eform4 that hasn't been approved yet, its starting to feel like the way of the future.
I’m 15 years older than my wife, and she already had the grief of having to dispose of her late husband’s very extensive gun collection. I wanted to make things easy for her, so I did a trust.
Ken
BBI: ...”you better not forget the safe word because shit's about to get weird”...
revchuck38: ...”mo' ammo is mo' betta' unless you're swimming or on fire.”
Just to recap and see if I've got this straight in my head:
- Currently individual eforms are clearing faster than trust eforms, even single person trusts.
- Items approved as an individual can be added to a trust later but it's another $200 per item.
- Additional persons can be added to a trust afterwards without needing to provide prints and photos but they will need to for any future purchases unless they are dropped from the trust beforehand.
IIRC it used to be using a trust was a way to get around the CLEO sign off. Is that still true?
Is a CLEO sign off still needed for an individual or is it just a courtesy notification now? I thought I remembered some kind of change like that within the past few years.
Last edited by awp_101; 07-15-2024 at 05:59 PM. Reason: spelling is FUNdamental.
Nothing so needs reforming as other people's habits - Mark Twain
Private signature line - do not read
I went the trust route a few years ago when it was the easy button, before the new rules. The only difference now is the Mrs. getting and photos.
I am very happy with my trust and even happier with the "how to use this trust" document that came with it. At the atty's suggestion I got a checking account for the trust, and I believe it has only had checks written to the Bureau of All Things Fun and Exciting. I did get a debit card for that account which makes Gunbroker a little more dangerous, and buying uniforms (range clothes?) and firearms parts and accessories with my annual uniform allowance makes tracking spending super simple. Also gives me a place to stash funds for firearms, ammunition, and accessories on a regular basis without the Mrs. being too aware.
Also, the trust is an estate planning tool. There will be money set aside to "assist" Co-workers in the event my kids can't/don't want to deal with NFA items.
pat
Gonna steal that acronym. Thankyouverymuch!
Working diligently to enlarge my group size.