NFA Gun Trusts

[Uncle Dudley]

Has anyone used this company or any of the other online companies for the Trust form? https://www.nationalguntrusts.com/

Edited March 30, 2021 by Uncle Dudley

[b_san]

Unless you have a specific reason, like sharing your NFA item with others when you're not with, it's best now not to use a trust as they're taking twice as long to approve.

[Ryo]

Honestly the individual is so much more easier to deal with.. however I believe Silercershop has the one shot trust which should be very easy since your name is the only one on the trust.

I wish I could find a redacted copy of the one shot trust to see what they put on it that makes it work right.

 

If you do a standard trust with multiple people on it, it takes longer and much more of a pain since you have to get fingerprints and background checks on those people too.

[MrBill]

if you have a C&R license and your gun is in the C&R registry,it is much easier crossing state lines without the trust.

[ppgcowboy]

So you have a c&r weapon purchased before you get your c&r license. Must you now consider it in your inventory? If not, does interstate travel apply to that weapon under your c&r, or just does it only apply to those entered into the inventory? A Thompson specifically.

[Sandman1957]

So you have a c&r weapon purchased before you get your c&r license. Must you now consider it in your inventory? If not, does interstate travel apply to that weapon under your c&r, or just does it only apply to those entered into the inventory? A Thompson specifically.

All C&Rs are covered by your license. When you sell one that were in your inventory before licensing, you report the sale in your bound book, and note previously owned. Note, not all Thompson's are C&R. There are previous posts detailing this.

 

Uncle Dudley is your concern inheritance or letting others have them when you are not physically there?

[Uncle Dudley]

 

So you have a c&r weapon purchased before you get your c&r license. Must you now consider it in your inventory? If not, does interstate travel apply to that weapon under your c&r, or just does it only apply to those entered into the inventory? A Thompson specifically.

All C&Rs are covered by your license. When you sell one that were in your inventory before licensing, you report the sale in your bound book, and note previously owned. Note, not all Thompson's are C&R. There are previous posts detailing this.

 

Uncle Dudley is your concern inheritance or letting others have them when you are not physically there?

 

I have 2 sons and they thought the trust was a good way to pass on the guns and let all of us be able to take them out.

[ppgcowboy]

 

So you have a c&r weapon purchased before you get your c&r license. Must you now consider it in your inventory? If not, does interstate travel apply to that weapon under your c&r, or just does it only apply to those entered into the inventory? A Thompson specifically.

All C&Rs are covered by your license. When you sell one that were in your inventory before licensing, you report the sale in your bound book, and note previously owned. Note, not all Thompson's are C&R. There are previous posts detailing this.

 

Uncle Dudley is your concern inheritance or letting others have them when you are not physically there?

Thanks for that clarification.

[DougStump]

 

 

So you have a c&r weapon purchased before you get your c&r license. Must you now consider it in your inventory? If not, does interstate travel apply to that weapon under your c&r, or just does it only apply to those entered into the inventory? A Thompson specifically.

All C&Rs are covered by your license. When you sell one that were in your inventory before licensing, you report the sale in your bound book, and note previously owned. Note, not all Thompson's are C&R. There are previous posts detailing this.

 

Uncle Dudley is your concern inheritance or letting others have them when you are not physically there?

 

I have 2 sons and they thought the trust was a good way to pass on the guns and let all of us be able to take them out.

 

A word of caution. Setting up the trust is fine, but be sure to include who gets what in your will. A friend "left" two firearms to me and set up a trust, but in the will left everything to his wife. Unfortunately, the probate judge ruled the trust was for possession not ownership and turned everything over to his wife as stated in the will. Note that a lot depends on the exact wording of the trust and your state laws, but usually a will beats all other cards on the table. She saw fit to sell the items instead of fulfilling her late husbands wishes. Goodbye Thompson. Goodbye Vickers.

[DZelenka]

 

 

 

So you have a c&r weapon purchased before you get your c&r license. Must you now consider it in your inventory? If not, does interstate travel apply to that weapon under your c&r, or just does it only apply to those entered into the inventory? A Thompson specifically.

All C&Rs are covered by your license. When you sell one that were in your inventory before licensing, you report the sale in your bound book, and note previously owned. Note, not all Thompson's are C&R. There are previous posts detailing this.

 

Uncle Dudley is your concern inheritance or letting others have them when you are not physically there?

 

I have 2 sons and they thought the trust was a good way to pass on the guns and let all of us be able to take them out.

 

A word of caution. Setting up the trust is fine, but be sure to include who gets what in your will. A friend "left" two firearms to me and set up a trust, but in the will left everything to his wife. Unfortunately, the probate judge ruled the trust was for possession not ownership and turned everything over to his wife as stated in the will. Note that a lot depends on the exact wording of the trust and your state laws, but usually a will beats all other cards on the table. She saw fit to sell the items instead of fulfilling her late husbands wishes. Goodbye Thompson. Goodbye Vickers.

Hmmm. That makes no sense. The trust is the owner of the firearms, not the estate. Perhaps it was poor trust drafting (which is a good reason to use an actual attorney to draft your trust). Perhaps it was poor judging. But the firearms were not the husband's to bequeath to the wife.

 

Dan

[DougStump]

 

 

 

 

So you have a c&r weapon purchased before you get your c&r license. Must you now consider it in your inventory? If not, does interstate travel apply to that weapon under your c&r, or just does it only apply to those entered into the inventory? A Thompson specifically.

All C&Rs are covered by your license. When you sell one that were in your inventory before licensing, you report the sale in your bound book, and note previously owned. Note, not all Thompson's are C&R. There are previous posts detailing this.

 

Uncle Dudley is your concern inheritance or letting others have them when you are not physically there?

 

I have 2 sons and they thought the trust was a good way to pass on the guns and let all of us be able to take them out.

 

A word of caution. Setting up the trust is fine, but be sure to include who gets what in your will. A friend "left" two firearms to me and set up a trust, but in the will left everything to his wife. Unfortunately, the probate judge ruled the trust was for possession not ownership and turned everything over to his wife as stated in the will. Note that a lot depends on the exact wording of the trust and your state laws, but usually a will beats all other cards on the table. She saw fit to sell the items instead of fulfilling her late husbands wishes. Goodbye Thompson. Goodbye Vickers.

Hmmm. That makes no sense. The trust is the owner of the firearms, not the estate. Perhaps it was poor trust drafting (which is a good reason to use an actual attorney to draft your trust). Perhaps it was poor judging. But the firearms were not the husband's to bequeath to the wife.

 

Dan

 

Yeah, maybe something wasn't worded right in the trust, or something in our weird the state laws (we have forced heirship). But the judge ruled according to the will.

[DZelenka]

 

 

 

 

 

So you have a c&r weapon purchased before you get your c&r license. Must you now consider it in your inventory? If not, does interstate travel apply to that weapon under your c&r, or just does it only apply to those entered into the inventory? A Thompson specifically.

All C&Rs are covered by your license. When you sell one that were in your inventory before licensing, you report the sale in your bound book, and note previously owned. Note, not all Thompson's are C&R. There are previous posts detailing this.

 

Uncle Dudley is your concern inheritance or letting others have them when you are not physically there?

 

I have 2 sons and they thought the trust was a good way to pass on the guns and let all of us be able to take them out.

 

A word of caution. Setting up the trust is fine, but be sure to include who gets what in your will. A friend "left" two firearms to me and set up a trust, but in the will left everything to his wife. Unfortunately, the probate judge ruled the trust was for possession not ownership and turned everything over to his wife as stated in the will. Note that a lot depends on the exact wording of the trust and your state laws, but usually a will beats all other cards on the table. She saw fit to sell the items instead of fulfilling her late husbands wishes. Goodbye Thompson. Goodbye Vickers.

Hmmm. That makes no sense. The trust is the owner of the firearms, not the estate. Perhaps it was poor trust drafting (which is a good reason to use an actual attorney to draft your trust). Perhaps it was poor judging. But the firearms were not the husband's to bequeath to the wife.

 

Dan

 

Yeah, maybe something wasn't worded right in the trust, or something in our weird the state laws (we have forced heirship). But the judge ruled according to the will.

I am an attorney in Louisiana. The judge's ruling makes no sense. The will doesn't nullify a previous donation to a trust. Further, if the trust was set up prior to obtaining the firearms, the trust is the owner and the firearms are never owned by the estate. Perhaps if the trust had no beneficiary, they may return to the settlor. Or, was the wife the trustee? She would then be able to dispose of the assets of the trust, but the beneficiary should then get the money received from the sale. Did anyone contest what the wife was doing vis a vis the trust assets?

 

Dan