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NFA trusts
Gunscribe:
It is interesting to note that the Gun Lawyer website posted by Dave states that Nebraska has no Right to keep and bear arms language in its Constitution:
STATES WITHOUT CONSTITUTIONAL PROVISIONS:
Eleven (11) states do not have a constitutional provision dealing withe the right to bear arms: California, Delaware, Iowa, Maryland, Minnesota, Nebraska, New Jersey, New York, North Dakota, and West Virginia.
Toster:
I would agree, if someone could recommend a lawyer that is up on NFA, and not going to charge an arm and leg.
--- Quote from: Wildgoose on October 07, 2009, 05:13:23 PM ---
--- Quote from: David Hineline on October 03, 2009, 10:13:03 PM ---I would recommend any customer see a lawyer. Some info. http://www.guntrustlawyer.com/
Your trust or corporation would need to be in effect and remain in effect as long as the NFA item was to be owned by the trust. If you at a later date want to own the item as an individual it will transfer from the trust/corporation to you on tax paid form 4.
--- End quote ---
David,
After some reflection I feel your advice may be well founded. Is there anyone in eastern Nebrasksa that you could recomend for a review of a trust involving NFA firearms?
Thanks
--- End quote ---
Rob Androyna:
This seems to be a very fitting first thread for me to chime in on.
Exeter Arms sets up 30-40 trusts a month. Our trusts have been vetted by my attorneys. The conjecture about them being illegal is highly erroneous. Over the past 5 years we have generated approximately 2000 NFA RLTs for our customers, all of which were approved by the ATF. I have several customers with over 30 NFA items on their schedule A (you know who you are :) ) Many of our customers have had their own attorneys review them and give them their seal of approval. I have also set up NFA trusts for licensed attorneys across the state. So whether you live in Lancaster County or Hamilton & can't get a signature or you know you are going to be buying a lot of NFA weapons and you just don't want the hassle of going through the whole 9 yards every time, or you want to set up a joint trust so multiple parties can legally be in possession of the NFA item the trust is a safe and LEGAL method to do this. I hope this helps those of you with questions.
Jesse T:
Thanks for the post Rob!
Toster:
Rob, with my new PS90.....I see a trust in my near future! Can you say SBR with a can!!!
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