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Living Trust

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Roper:
Thank you all for the information, gives me some things to think about.

Husker_Fan:
I just got an idea.  Could a gun club set up a trust for holding class 3 items?  The "club" could be the beneficiary and the individual members would be the trustees.  This way, any member could use the weapons at the club, but the weapons would be held for the benefit of the organization.  I think this would be a neat way for a small group (I'm thinking 3-5 max) of like-minded folks to have access to and shoot class 3 weapons while minimizing the hassle.

dark 45:

--- Quote from: Husker_Fan on October 30, 2011, 08:29:42 AM ---I just got an idea.  Could a gun club set up a trust for holding class 3 items?  The "club" could be the beneficiary and the individual members would be the trustees.  This way, any member could use the weapons at the club, but the weapons would be held for the benefit of the organization.  I think this would be a neat way for a small group (I'm thinking 3-5 max) of like-minded folks to have access to and shoot class 3 weapons while minimizing the hassle.

--- End quote ---


i was thinking the same thing, but doesn't have to be a LLC. or a CORP, something along those lines? it would be grate to do so otherwise.

RobertH:
i would ask a laywer.  they would know for sure.

Husker_Fan:
I am a lawyer, I just don't know the ins and outs of all the class 3 laws.  I know there are requirements for the trusts that the BATFE has, I've just never researched them.

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