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Living Trust

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Roper:
What is the reason why people place their firearms in a living trust?

FarmerRick:
For class 3 weapons: it's a way to obtain them without getting the local LEO to sign off on the purchase.  Needed in some locations with anti-gun sheriffs such as Lancaster county(from what I hear).  I'm pretty sure there are at least a couple guys here that have had to go that route.

justsomeguy:
It also gives specific instructions on how to deal with those items in the event of your death and allows other people to possses them in your absence.

bkoenig:
Both, for me.  The COP in Lincoln refuses to sign off on NFA items, so a trust was my only option.  It also specifies what will happen with my items in the event of my wife or's I's death.  I don't have my non-NFA items in the trust but I've considered it for that reason.

Another advantage if you have NFA items is that it allows all trustees to have physical possession of the items.  My wife can take the SBR out shooting without me, since she's a trustee - if I had a stamp only in my name she couldn't.

RobertH:
another thing to go along with living trusts.... since it bypasses, the CLEO sign off, you can start the process (aka wait) sooner.  it is quicker (and cheaper) because you won't have to wait (or pay) for the local CLEO to do a background check and charge for fingerprints or get a picture taken all of which needs to be included with the forms went you send it off to the ATF.  its just better.


ETA:  make sure you name it something than mine.  mine is First Last Revocable Living Trust.  name it something like Last Name Family Trust.  shorter and easier to engrave.  :)

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