1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

"NFA Trust"

Discussion in 'NFA Firearms and Accessories' started by M G, Feb 19, 2013.

Thread Status:
Not open for further replies.
  1. Charger442

    Charger442 Member

    Jun 19, 2009
    South Texas
    Under Texas law, a trust isn't valid until it owns something. I know people who have given their trusts 20 dollar gold peices or just about anything. A dollar bill is small, trivial and easily replaced. But it serves its purpose.

    Maybe you should get educated before you criticize.
  2. kimbershot

    kimbershot Member

    Jul 22, 2008
    yes, trust should have "assets" identified. i am pending on a form 1 build--expect stamp in may according to atf. my trust has 10.00 cash and i will add the my sbr as soon as stamp arrives.
  3. hentown

    hentown Member

    May 13, 2012
    Requiring "consideration" isn't unique to Texas. ;) It's just sophomoric silliness to attach a dollar bill to a trust. And yes, I do get my advice from real lawyers. AAMOF, I talked with a really well-educated lawyer this very afternoon about whether I should utilize a trust or my already-registered LLC for my next NFA purchase.

    Yep, I really should work on my education. Hardehardeharharhar!
Thread Status:
Not open for further replies.

Share This Page