How do you go about forming a trust to recive NFA items?
Does it cost anything?
Does it take longer than the Local sign off?
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December 20, 2008, 02:20 PM
Roadwild17 - there's already one thread dealing with trust issues; I'll try to find it and post a link.
Anyhow, if you're going to get an NFA item I would strongly urge you to go the individual route with the CLEO signoff first. Use a trust or corporate entity to purchase only as a last resort if you cannot get a signoff. And if you do decide to go that way, your first step should be to see an attorney in your state. I have most of my NFA items on form 4's in my name (indivdually) and I also have a few held by a trust. I created my own trust, but I'm a lawyer.
(edited to add...)
Read through this thread, especially as it regards trusts. Since the first page deals with other NFA issues I'd recommend starting somewhere around my post at #42: