Re: Can I Add A Buddy ?
Posted: Sat May 05, 2018 9:47 am
Nevada happened, it in fact was orchestrated in order to keep us from having these things.
theres nothing stopping you from having as many trusts as you want. and think what you're talking about is basically what silencershop is doing with their "single shot trust" for $25hardcase wrote:Opps,my mistake. I have not bought any cans or SBRs since 41F.cdakers wrote:Not true. You can add as many as you want to the trust at any time. If you submit a new form they would be required to submit photo/prints. The loophole still exists if you know how to work it.hardcase wrote:Yes. I am no expert on the legalities but before Trump the previous administration said they were closing a loophole. Now your buddy needs to submit fingerprint cards to ATF to get put on your Trust. Legislation was called "41F".
Correct me if I am wrong. Those on my trust are good to go until such time as I add another NFA item to that trust. I as head trustee I can remove beneficiaries and add beneficiaries. Adding a new NFA item to that trust means the whole lot has to do prints and photos.
Why couldn't I just get a new trust with only me on it or have multiple trusts? Reasons are for estate purposes, not trying to usurp the intent of the law.
Yes, anyone that was on the trust prior to 41F is good to go until you submit another form. I've actually seen one internet lawyer suggesting removing all of the other trustees from the trust, submitting the new form, then adding the trustees back to the trust. On its face, it doesn't seem to be illegal, but I surely see this being challenged if anything would ever end up in court.hardcase wrote:Opps,my mistake. I have not bought any cans or SBRs since 41F.cdakers wrote:Not true. You can add as many as you want to the trust at any time. If you submit a new form they would be required to submit photo/prints. The loophole still exists if you know how to work it.hardcase wrote:Yes. I am no expert on the legalities but before Trump the previous administration said they were closing a loophole. Now your buddy needs to submit fingerprint cards to ATF to get put on your Trust. Legislation was called "41F".
Correct me if I am wrong. Those on my trust are good to go until such time as I add another NFA item to that trust. I as head trustee I can remove beneficiaries and add beneficiaries. Adding a new NFA item to that trust means the whole lot has to do prints and photos.
Why couldn't I just get a new trust with only me on it or have multiple trusts? Reasons are for estate purposes, not trying to usurp the intent of the law.
If Las Vegas had not happened, an Hiliary would have learned about can or at least kept her mouth shut, suppressors most likely could be bought and sold without all the hassles.
so #1 your link only goes to the main site.. not the source of this information.Concorde wrote:From http://www.keytlaw.com:
Mistake #5: The Gun Trust Agreement allows a Beneficiary Who is Not a Trustee to Use or Possess a Title II Firearm
Most generic living trusts allow beneficiaries to use, possess and receive distributions of trust assets. A properly drafted NFA gun trust prohibits a person who is a mere beneficiary from using or possessing a Title II firearm. Only the trustees of a Gun Trust have the legal right to use or possess Title II firearms owned by the trust.