NFA Trusts (EDIT: Fee Added)

[oaklander]

NFA Trusts should only be used for NFA Weapons. The stuff "owned" by the trust is handled WAY differently than the stuff "owned" by other trusts.

There's no money saving by trying to use an NFA Trust for non-NFA stuff. The risk is too high - not worth it.

That being said, - the trust that we do does have very detailed provisions that direct how the NFA weapons will "pass" from person to person - so it does have estate planning provisions - and these can be tailored to fit within a larger existing (or new) estate plan - if needed.

That is why Quicken is so crappy for these, BTW - it can't handle complex events - and if things pass wrong - then there are problems!!!!

For example, if a trust just says something like "all of the stuff in this trust will pass to X, upon Z's death" - that's normally fine.

BUT!

If Z's trust owned an NFA weapon - and X was a prohibited person at the time of Z's death - the trust itself would cause something illegal to happen (X owning a firearm).

That kind of stuff is just scary to me!!!

There are many types of trusts out there, seems like each has their intended purpose, Are there any "other" benefits to an NFA trust? Can it be used for estate planning, or inheritance issues? Or will this trust only be used for the legal ownership and permitting of NFA weapons?

[oaklander]

OK - we just lowered the price back down to $600. We do not make as much money on this - but it will make us happy to see more NFA weapons in California!

My personal opinion is that law abiding citizens should be able to own whatever firearms they want.

Although California requires its own permit for MOST NFA weapons - AOWs are easy to get, and do not require a California permit. While I would prefer to see more FA weapons in the state (obviously, only in the hands of law abiding citizens like us), I will still be happy if I can see more AOWs in the state.

I realize that even some "pro 2A" people have issues with NFA weapons, for some strange reason, but that's their problem!!!



EDIT: there is a way to legally purchase NFA FA weapons that will be stored out of state. Details to come.

[Adehtla]

EDIT: there is a way to legally purchase NFA FA weapons that will be stored out of state. Details to come.

This is what I was interested in. My sister lives in Las Vegas and I was trying to figure out if I could buy something and leave it there in a safety deposit box or a safe in her house. When the details come, let me know.

[gun_freek]

EDIT: there is a way to legally purchase NFA FA weapons that will be stored out of state. Details to come.

Waiting for the details......

[F8ality]

Definately interested in this and ready to roll if there is a 'LEGAL' way to do it. I'd love to sbr some lowers and silencers to be held in a safety deposit box in NV!!

[oaklander]

Yes, still working on it. Networking with some other lawyers on this. There are two possible ways to do it. One easy and one hard. But right now - it looks like the "hard one" might be the "easiest."

I know that doesn't make sense. California gun law doesn't make sense!!!!

[gun_freek]

I have a sig 556p that I would love to add a stock to.

[armygunsmith]

FA in another state? Color me interested.

[Interfan]

This is what I was interested in. My sister lives in Las Vegas and I was trying to figure out if I could buy something and leave it there in a safety deposit box or a safe in her house. When the details come, let me know.

Unless you have the large budget and organizational skill required to form and maintain a corporation in Nevada and buy your NFA items through it, the easiest way to do it is to establish Nevada residency for the period required to do so at your sister's house. Get a Nevada DL, set up a Nevada bank account, get mail at your sister's house, get Nevada cellphone service so you have a telephone number for your NFA form, etc. to prove that you reside there. File your NFA paperwork, pay your tax out of a Nevada bank account or with a USPS MO from a Nevada post office, and you are done. You must then transport or store any weapons acquired in accordance with NFA standards.

That is the easy way, trying to find some "legal loophole" way to be a resident of CA and own NFA items in Nevada is not worth the time and effort. As there really isn't an easy way around both Federal and CA law as the ATF won't approve your application if it violates the laws of the state you legally reside in.

After you establish residency, there is no law preventing you from commuting out of state to work and stay, or to own property, etc. in other states. There are tons of people that do that now. As oppresive as CA law is, we still have freedom of movement. For now...