Suppressors Suppressor Trusts

[4350muncher]

I am new to suppressors and am eyeing a TBAC and a dead air mask as well as an sbr or two. I have a few questions before taking the dive like:

1. Should I get a trust? (not married, no kids)
2. If so is there a recommend one like the silencerco easy trust or do I need an attorney?
3. If I get the cans without a trust how easy is it to create a trust later on in life?

Thanks for any insight in advance

 

[NovaHunter]

Yes, definitely get a trust. Contact https://www.arsenalattorneys.com. Great guys, and they know what they are talking about regarding all the laws and rules.

If you ever think you will do a trust, then do it now. If you buy the suppressors and register under your name you will need to pay the tax stamps again to transfer to the trust later on.

 

[Zak Smith]

We recommend GunTrustGuru.com

 

[Huskydriver]

We recommend GunTrustGuru.com

+ 1 for gun trust guru

 

[Huskydriver]

Also if you buy as an individual now and want to add to a trust later, you will pay $200 per item again to transfer them to your trust... Dunno about you but I'm not cool with double taxes...

Do yourself a favor if you ever remotely think you will want to share your cans with someone and set up a trust from the get go. The nice thing about the gun trust guru trust is that it is set up with amendments for everything. So you set the trust up at first with just yourself so it's only your photos and fingerprint cards.. Buy your nfa items now... Later in life you find out your going to die early you remember how I used to be a good long lost buddy of yours and you want to leave your nfa items to good 2a fan so you add me as a trustee and a beneficiary and amend the trust so I can inherit your nfa items upon your unfortunate and untimely demise so the atf doesn't get to claim them.

 

[olive drab]

I have one but made it in 2013 when I was in Afghanistan so my wife could handle the paperwork in my absence. Now its a little pain in the ass to get her printed and photographed each time I add an item. Ive been debating setting up a 2nd trust with just me on it going forward as I feel the ability to add/remove trustees will be useful later in life.

 

[Holliday]

We recommend GunTrustGuru.com

Cannot say enough good. Smooth , reasonabley priced and always great about answering questions long after the sale.

 

[Holliday]

Also if you buy as an individual now and want to add to a trust later, you will pay $200 per item again to transfer them to your trust... Dunno about you but I'm not cool with double taxes...

Just did that.....Trust is the way to go from the start.

 

[George P. Burdell]

I have one but made it in 2013 when I was in Afghanistan so my wife could handle the paperwork in my absence. Now its a little pain in the ass to get her printed and photographed each time I add an item. Ive been debating setting up a 2nd trust with just me on it going forward as I feel the ability to add/remove trustees will be useful later in life.

According the the people who did my trust you can remove your wife from the trust, buy a new item, and then add her back after it is approved. That avoids the fingerprinting and paperwork for her

 

[George P. Burdell]

That may depend on how your trust is written. You would have to ask your lawyer specifically

 

[olive drab]

According the the people who did my trust you can remove your wife from the trust, buy a new item, and then add her back after it is approved. That avoids the fingerprinting and paperwork for her

I can technically do that but I feel like doing so may raise red flags in the future when ATF starts seeing this trend when reviewing trust transfers.

 

[j741]

That issue with future purchases is why I was glad I bought the SilencerShop unlimited single shot trust early on. My SOT will process all my purchases through SilencerShop's system and he splits the $25 fee with me since paperwork is easier for him too. So no matter who I buy from, as long as I process through him I get a new trust for each can. Once the can is approved I can add anyone I want to the trusts. Any existing trusts aren't affected by new purchases.

 

[pell1203]

+1 on the Single Shot Trust.

 

[IDbound]

Is there any short comings of the Single Shot Trust versus the other trust SilencerShop sell for $99?

 

[Huskydriver]

Is there any short comings of the Single Shot Trust versus the other trust SilencerShop sell for $99?

Im pretty sure the single shot is written to be used once for one item which is fine but if you get into the NFA game that stack of paper you are required to keep on file for the atf is going to get pretty big. Regardless of whatever trust you use just make sure its a living trust set up with amendments instead of schedules written into the trust body. Reason being as you can add people/ non nfa guns and remove people and non nfa guns from the trust at will without having to notify the ATF or have the trust rewritten. You just get the new amendment to the trust notarized and bam your legal. This little workaround is legal and makes keeping the amount of fingerprint cards and photos sent into the atf to a minimum while still giving you the flexibility of ownership of a trust.

 

[4350muncher]

Thanks for all the input, the guntrustguru seems like a way good deal. Would that be a living trust? And would it be easy to add addition form 4s to it later in life?

 

[Huskydriver]

Thanks for all the input, the guntrustguru seems like a way good deal. Would that be a living trust? And would it be easy to add addition form 4s to it later in life?

Yes and yes it's the trust I used. Great people. Disclaimer...I am not a lawyer and think skierhs has a good point if you can get a trust written up by one. However, my gun trust guru trust accomplished everything skierhs trust did so the choice is yours. Do some research call a few attorneys who are familiar with nfa trusts.

 

[pell1203]

My understanding when using a regular trust and removing a responsible person in order to get around having to send in their additional fingerprint/photo information when filing is that they must remain off the trust until the new item(s) have been approved and the stamps have been issued.

In other words, those removed will not be able to legally have in their possession any of the items listed in the trust while you are waiting for approval of any new items. I am not a lawyer but I believe that trying to get around this by adding them back on your trust while you are waiting for approval automatically requires the application to be amended and their fingerprints/photos to be submitted as an amended application.

The simplicity of the Single Shot Trust is that since there can only ever be one NFA item on it, once approved, you can add or remove people at will by filling out the proper forms and signing them before a notary.

 

[Holliday]

My understanding when using a regular trust and removing a responsible person in order to get around having to send in their additional fingerprint/photo information when filing is that they must remain off the trust until the new item(s) have been approved and the stamps have been issued.

In other words, those removed will not be able to legally have in their possession any of the items listed in the trust while you are waiting for approval of any new items. I am not a lawyer but I believe that trying to get around this by adding them back on your trust while you are waiting for approval automatically requires the application to be amended and their fingerprints/photos to be submitted as an amended application.

Yep, the Atf’s FAQ is pretty clear on these points: https://www.atf.gov/file/107196/download

With my trust from gun guru I can add people to the trust temporarily too with an automatic date of removal.