Hello all. Absolute newbie regarding NFA trusts.
I'm seriously starting to consider purchasing a suppressor (or two) and have gotten confused about having a trust for them. I'm sure I do want a trust, just not sure the proper chain of events, and therefore have quite a few questions.
First, I'm married, have 3 kids, one of which is married but lives 3 hours away, one in college in KS, and one nearby. My overall goal is to keep all of them legal if they were to happen to possess the suppressor (or other NFA items I might find ). Finally, just to throw a major wrench in things, I work for a global company w/ headquarters in Illinois. Although I escaped once, it is highly likely that I could be drug back to that state before I retire. Therefore, a secondary concern is how to legally maintain ownership of said items if that were to happen, and before I retire and settle likely in Kansas.
My basic questions are:
I keep reading about the 41F ruling and some think it makes the trust not as worthwhile. Can someone explain this?
Precisely how would I add someone to a trust (eg, spouses when my youngest 2 get married). What about people that are out of state? Are fingerprints/background checks required?
How do I add additional items to the trust. I think the trust is listed on the NFA form 3. To pick it up, I understand a 4473 needs to be filled out, but by whom, myself or all trustees?
If I were to be relocated to Illinois (or other gun un-friendly location), is it permissible to house the NFA items in a safe, say at my mothers house in Kansas? I am legally part of her property trust so could claim real estate property ownership in Kansas if that matters.
Finally, what happens to the form 3 if I were to move while the form is being approved?
Thanks for your help in clearing this up. I'm certainly willing to read up on this if you could point me to a relevant article.
--Rick
I'm seriously starting to consider purchasing a suppressor (or two) and have gotten confused about having a trust for them. I'm sure I do want a trust, just not sure the proper chain of events, and therefore have quite a few questions.
First, I'm married, have 3 kids, one of which is married but lives 3 hours away, one in college in KS, and one nearby. My overall goal is to keep all of them legal if they were to happen to possess the suppressor (or other NFA items I might find ). Finally, just to throw a major wrench in things, I work for a global company w/ headquarters in Illinois. Although I escaped once, it is highly likely that I could be drug back to that state before I retire. Therefore, a secondary concern is how to legally maintain ownership of said items if that were to happen, and before I retire and settle likely in Kansas.
My basic questions are:
I keep reading about the 41F ruling and some think it makes the trust not as worthwhile. Can someone explain this?
Precisely how would I add someone to a trust (eg, spouses when my youngest 2 get married). What about people that are out of state? Are fingerprints/background checks required?
How do I add additional items to the trust. I think the trust is listed on the NFA form 3. To pick it up, I understand a 4473 needs to be filled out, but by whom, myself or all trustees?
If I were to be relocated to Illinois (or other gun un-friendly location), is it permissible to house the NFA items in a safe, say at my mothers house in Kansas? I am legally part of her property trust so could claim real estate property ownership in Kansas if that matters.
Finally, what happens to the form 3 if I were to move while the form is being approved?
Thanks for your help in clearing this up. I'm certainly willing to read up on this if you could point me to a relevant article.
--Rick
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