SBR, Suppressor, or SBS? Too Many Choices!?

[MGshaggy]

funny how every guy on arfcom who owns one class 3 item says trusts are awesome, but every lawyer i've ever talked to said they're a last resort

Yeah, I've noticed that too.

So one has to ask themself, who they find more credible on trust law - the guys on ARFCOM or well...real lawyers. (So are you going to go to the guys on ARFCOM for help when BATFE comes knocking, or are you going to call a real lawyer? )

 

[taliv]

So are you going to go to the guys on ARFCOM for help when BATFE comes knocking, or are you going to call a real lawyer?

ooh! ooh! I know! pick me!

 

[MGshaggy]

ooh! ooh! I know! pick me!

Sorry Mr. Barbarino - Juan Epstein and Horshack had their hands up first.

 

[PTK]

I have more than a dozen items on a trust, now. No issues.

 

[rob_s]

I had a lawyer, who is also a CIII dealer and general subject matter expert, draft up my trust. I would not do the homebrew thing.

 

[TexasRifleman]

I would not do the homebrew thing.

I think that's key. There is nothing wrong with a trust as long as it's done right. Trusting one of those online services for $50 would not be the way I would do it.

 

[Zundfolge]

For a $500-$1000 suppressor, SBR or SBS I don't think the trust or LLC is that good an idea (unless its a last resort).

For a $15,000 machine gun, a trust or LLC starts to make more sense.

 

[rob_s]

Who buys just one NFA item? I have several cans and several SBRs. The way I look at it my first can, an Outback II, cost me $850 ($250 can, $200 tax, $400 lawyer).

 

[dscottw88]

Whats AOW and SBS stand for?

 

[MGshaggy]

In a nutshell...


AOW = Any Other Weapon (pistol with front grip, and guns not meeting the legal definition of handgun, rifle, or shotgun)

SBR = Short Barreled Rifle (rifle with <16" barrel or <26" overall length)

SBS = Short Barreled Shotgun (shotgun with <18" barrel or <26" overall length)

All three must be registered with the NFA Branch at BATFE like machineguns and suppressors/silencers and are taxed on each transfer ($5 transfer for AOW, $200 for all else)

 

[H2O MAN]

Does this imply Lawyers are good?

 

[Dr. Tad Hussein Winslow]

For a $500-$1000 suppressor, SBR or SBS I don't think the trust or LLC is that good an idea (unless its a last resort).

For a $15,000 machine gun, a trust or LLC starts to make more sense.

That's it! Or you could say:

For a $500-$1000 suppressor, SBR or SBS I don't think the trust or LLC is that good an idea (unless its a last resort).

For a $15,000 machine gun [or 4-5 or more smaller value items], a trust or LLC starts to make more sense.