Continuing using trust or submit individual?

Feb 18, 2010
187
4
18
33
southwest pa
#1
I have two suppressor on my trust from before the changes. My wife is on the trust and my young daughter is a beneficiary. Seems like there it is more of a hassle to use a trust since the changes took place. My wife doesn't shoot rifles and I do not see that changing. I have a can getting transferred to my dealer and am leaning towards just doing an individual form 4. Which way would you guys submit? Any real benefit to the trust route any more? Other option is to amend my trust and take her off for the time being I guess.
Thanks in advance,
Matt
 

ken4570tc in WY

Sergeant of the Hide
Aug 30, 2018
150
46
28
63
Wheatland, Wyoming
#2
I have two suppressor on my trust from before the changes. My wife is on the trust and my young daughter is a beneficiary. Seems like there it is more of a hassle to use a trust since the changes took place. My wife doesn't shoot rifles and I do not see that changing. I have a can getting transferred to my dealer and am leaning towards just doing an individual form 4. Which way would you guys submit? Any real benefit to the trust route any more? Other option is to amend my trust and take her off for the time being I guess.
Thanks in advance,
Matt
Good questions!!! With the new changes, I was wondering if a trust is worth the B.S?
 

CavScout85

Online Training Member
Jan 22, 2018
241
193
43
WNC
#3
Tagging in. Was talking to a guy the other day that has something like a dozen suppressors, and he did most of them as an individual. I know nothing about the process, but am planning on picking one up so timely topic for me.
 
Jun 17, 2017
63
16
8
#4
If your wife will be able to in any way have access to the new can (knows safe combo, etc) then a trust will still be cleaner and remove any of that liability. It also makes estate issues easier if something happens to you.

That’s always what I understand about it.
 
Feb 10, 2017
3,874
866
113
Central TX
#5
Just take your wife with you to walgreens to get your passport picture and to where ever to get your fingerprints and fill out one other responsible person form. Its not that much hassle when it comes down to it. Its much less hassle than her having to do it again later when you die and she gets left the burden by herself.
 
Mar 21, 2012
112
4
18
35
#6
I still like the trust as it protects your family and the equipment if something happens to you.

Additionally, I'm not sure how it's received here but for 20 or 25 bucks the one shot from silencer shop is a breeze. My understanding being you can add names after approved, you know in case you forgot someone or something...
 
Feb 13, 2017
531
122
43
#8
Just stay with trust if you even want to give the NFA items to someone or allow them access.

Yes the waits are longer but in the end it will be worth it.

I am the only person in my trust but I still use one for the future.
 
Likes: Max

Gtscotty

New Hide Member
Jul 22, 2018
31
29
18
#15
Couldn’t you do it individually then transfer to the trust after you receive?
That was kind of my thought when I did my last F4 as an individual. My first can was bought as an individual, second as a trust, when it came time for the third, trust applications we're running about double the approval time of individual applications. My wife has no interest in guns or cans, my oldest son was 19 years away from being able to be added as a trustee, with the 41F changes I just didn't feel i'd really be getting anything for all the extra wait time, so I did the individual F4 and got my stamp back 150 days later. When my sons get older, if I want to leave my old shabby suppressors to them, I can always pay the $200 tax and transfer them to the trust, the wait time will pass while they are in my possession, and what will $200 really be worth in 20 years anyway? It would be different if we were talking about something with significant resale value like a machine gun. Of course, individual waits have gone up and trust waits have gone down since then, so that probably isn't a factor anymore
 
Oct 8, 2013
2,822
83
48
#16
Correct me if I’m wrong, but transferring to the trust after you’ve purchased it as an individual requires anouther $200 or whatever that fea would be.

I just sent out for 5 stamps in June. First ones after 41P and I have my wife as a trustee and 12 yr old son as beneficiary. It wasn’t too much hassle, just more paperwork but gives me peace of mind knowing if anything happens to me that it won’t be a PIA for her. She also does shoot a little.

Also, I look at it like this, my brother in law is an avid shooter so if I ever wanted him to be able to use any of my items without me having to be there then I could just make an amendment to the trust and ad him.

I hear many people have made an amendment removing their spouse so they are the only responsible person and then adding them back after. Not sure how that is working but it’s an option.
 
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