An individual may register an NFA item to a legal entity(Living Trust or LLC) instead of themselves. This way other trustees/members can posses, store and use the NFA items. These trusts are fully ATF 41F compliant and Trent Woods is an avid shooter and can push new options or updates when and if they become available. For a small fee, you may add and remove trust members as needed.
By far the biggest benefit of the trust is the security and safety you provide for your progenity. But let's not forget having the ability to legally share the TAX STAMPS held in trust with other family members and friends, and potential protection from government bans of our 2A freedoms. Having an estate planning attorney on staff here at MR SILENCER is a huge benefit. And Trent Woods with AZ GUN LAW provides some of the best full featured NFA Trusts out there. Let us know if you want a consultation appointment do discuss your needs and future plans? Don't get caught with your guard down. If you purchase as an individual, nobody but you, the individual has legal access to the items. Case in point, no access to the safe, no transport, no sharing unless you are present and administering them.
Living Trust Registration Process:
The individual purchasing the NFA item may create a Living Trust to use as the vehicle own NFA Items. MR SILENCER is please to have www.azgunlaw.com as part of our NFA Compliance team. You can email me at firstname.lastname@example.org and I have a promo code for a discount off the $249 Speeding Bullet Trust, or $100 off the full featured $599 Rapid Fire Trust.
1. The individual forming the trust should NOT list the serial number for the NFA item in the trust before the approved Form 4 returns from the NFA branch, Once the stamp is approved, then you may record the Make/Model/Serial in the Schedule of listed property. The listed items can be updated periodically as needed within the "living" trust. I recommend using this as a "GUN" trust only. If you want to put all your other stuff in a trust, make another estate trust. Trent can help with that as well and link them together so they work in harmony.
2. Once you have chosen your NFA item, the amazing SilencerShop KIOSK allows us to electronically capture the Fingerprint Cards, Form 4 data, and Responsible Person Questionaire. This is good for two years, allowing you to make future purchases fast as lightning. The trust will be listed on the Form 4, not your name. The trust can be named as you please, but keep it short and simple.
3. After the trust has been formed it must be notarized and a PDF copy of the complete body of the trust made. No instructions, no Forms to manage. Generally this includes schedule A, B, C, and the Certification of Trust at the end. It is NOT necessary to record it with the county!
4. Once the individual has completed the trust and Form 4, we review it, sent off and Silencer Shop reviews and prints the complete application on our behalf. We have no standard to go by for time to approval, as of Jan 2018 we are seeing 9-10 month approvals on trusts and 6-7 on individual applications. If you think it will be 90 days, you will probably be disappointed. The system is brand new and the results remain to be seen. However we have come down from over 14 months to 9 so that is something.
The information enclosed in this document is intended as a guide and is based on our experience in transferring NFA items in combination with feedback from customers. We do recommend creating a Living Trust in order to transfer NFA items; however it is completely up to the individual. receiving the item. MR SILENCER assumes no legal responsibility on behalf of the transferee by providing this guide or in transferring NFA items. We recommend consulting your attorney or contacting the NFA branch of the BATFE.for official data