General Categories > The NFA Corner
NFA trusts
Dan W:
Do you get the trust first and submit the paperwork before you purchase an NFA item?
Jesse T:
I think you pay for/layaway the item first, because you need the SN of the item on the paperwork. The item waits at the dealer until your stamp goes through. I'm sure someone will correct me if I'm way off base here.
SBarry:
--- Quote from: rchaisch on September 30, 2009, 09:53:14 PM ---
--- Quote from: LitlRat on September 30, 2009, 09:45:46 PM ---Rob and Hope did not make the trust, they just have the correct paperwork for you to fill out, get notarized and send in. You can get the paperwork from them and take it to an attorney if you want to be cautious.
--- End quote ---
ok litlrat, i just want to clarify this..... so basically they copied a trust from a lawyer and they use it for their own use. is that correct? i remember rob saying something close to that, but im not smart in the courts/lawyer realm of things.
ill most likely take it to a lawyer just to be safe. better safe than sorry.
--- End quote ---
Hope helped me with this, and they have done a ton of them with no problems. By all means, cover your ace if you feel uneasy.
You pay for the item first, because you need a serial number to include on the paperwork, and they can't afford to have it sit there waiting on your paperwork to get approved. Only buy from a dealer with the item in stock, as back orders without a serial number will only delay the eventual possession of your NFA item.
Toster:
Can any one scan one in with thier info blotted out?
David Hineline:
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.
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