Trusts still an option?

[Ryanxia]

Recently there was a big stink I heard about the ATF wanting to do away with Trusts owning NFA items, did anything ever come of that or are trusts still an option?

On a second note, if a trust owns NFA items, if the primary person on the trust changes address does anything need to be reported? (federally speaking, obviously state and local laws need to be observed)

I have someone that sets up trusts for NFA purchases that I will consult before actually doing anything but I don't want to bug him until I'm ready to pull the trigger so I thought I'd ask the fine members of THR for a bit of insight.

Thanks in advance.

 

[Armor Snail]

They never wanted to "do away" with them. Adding the CLEO signature to trusts & LLCs was the agenda.

 

[Ryanxia]

Oh yes that's what it was. So do trusts now require CLEO signature?

 

[Strahley]

Nothing has changed. The earliest something could happen would be in June, but I'm guessing it'll be at least 9 months out

 

[wally]

Nothing has changed. The earliest something could happen would be in June, but I'm guessing it'll be at least 9 months out

The real question is: if you have one in the pipeline will it be completed or will they bounce it if the changes take effect?

I'd expect lawsuits if they bounced them because they've taken your money under the current rules, but actual law doesn't matter to the current President and Attorney General unless it suits their agenda.

 

[Ryanxia]

The real question is: if you have one in the pipeline will it be completed or will they bounce it if the changes take effect?

I'd expect lawsuits if they bounced them because they've taken your money under the current rules, but actual law doesn't matter to the current President and Attorney General unless it suits their agenda.

That's more the question to be asked, I think I want to try to squeak a few in.

 

[wally]

I think I want to try to squeak a few in.

That may be why the E-Forms site has crashed and burned.

 

[Arizona_Mike]

My pet theory is that E-Forms were taken down because they did not get better after they forced Silencer Shop and others to stop batch uploads. Probably a combination of embarrassment and realizing their IT contractor was not being honest. Things probably got worse not better that off-peak hours activity being moved to less resource efficient manual entry in peak hours.

The fact that they were were rebooting 5 times a day to keep the system running points to memory leaks and orphan processes (very bad programming).

Mike