cubguy Posted April 7, 2015 Report Share Posted April 7, 2015 Thanks to posts on this forum, I see that if I get my C&R FFL a 1921 on a form 4 can transfer straight to me.This saves a second waiting period to go into a trust after it goes to a class 3 dealer. Do I have this right? Link to comment Share on other sites More sharing options...
Chief762 Posted April 7, 2015 Report Share Posted April 7, 2015 The first sentence in your statement is correct. However I don't believe a C&R FFL and a trust are compatable. You can have one or the other, but not both. Others may want to comment here if I'm mistaken.Chief762 Link to comment Share on other sites More sharing options...
darrylta Posted April 7, 2015 Report Share Posted April 7, 2015 You're correct on that Chief, I once had a C&R Trust license. When the ATF caught wind on what they had done, I got a knock on the doorasking me to relinquish it, I complied :-) Of course your trust can encompass your guns and other and any other wealth, but the guns have to registered to a living breathing individual.Darryl Link to comment Share on other sites More sharing options...
cubguy Posted April 7, 2015 Author Report Share Posted April 7, 2015 Thanks Guys, I worded it poorly, what I'm thinking is no trust for now.Just apply for a C&R as a individual. Link to comment Share on other sites More sharing options...
cubguy Posted April 7, 2015 Author Report Share Posted April 7, 2015 I want to avoid waiting for 2 transfers, each taking 4 months or more each.This way if I understand correctly, it can ship directly to me as a C&R FFL or I guess I could pick it uponce approved. Link to comment Share on other sites More sharing options...
darrylta Posted April 7, 2015 Report Share Posted April 7, 2015 (edited) The non C&R route would cost another $200 tax stamp, I think the SOT to SOT transfers are taking between 3 and 4 weeks.I'm sure others will chime in.Darryl Edited April 7, 2015 by darrylta Link to comment Share on other sites More sharing options...
cubguy Posted April 7, 2015 Author Report Share Posted April 7, 2015 Thanks Darryl If that's the case it's about the same waiting time as gettinga new C&R so I would not be saving much if any time. I wasthinking it took about the same time to go dealer to dealer asit takes to go from a dealer to a trust or individual. Link to comment Share on other sites More sharing options...
cubguy Posted April 7, 2015 Author Report Share Posted April 7, 2015 To clarify, can you have a trust and a C&R separately?But a trust cannot have a C&R within it, is the right? Link to comment Share on other sites More sharing options...
Chief762 Posted April 7, 2015 Report Share Posted April 7, 2015 (edited) I think that is correct. You may transfer your C&R NFA guns into a trust, but it will take another form4 and tax stamp to do it. Edited April 7, 2015 by Chief762 Link to comment Share on other sites More sharing options...
buzz Posted April 7, 2015 Report Share Posted April 7, 2015 (edited) Only a person can hold a C&R license. A trust isn't a person. My preference is to own everything as an individual. I would not use a trust unless my local cops would not sign off on the transfer form. Most of what people say about trusts is BS from lawyers who are trying to sell you a trust. Check this out, I got it from another website: "If you register as an individual, you have to be present whenever the NFA item is out of your safe." That is a flat out lie. You don't even need to own a safe. You can read all kinds of stuff like that on all the gun boards now. Edited April 7, 2015 by buzz Link to comment Share on other sites More sharing options...
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