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Max Online: 16728 @ 03/25/12 08:51 AM
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#6255511 - 04/11/16 12:45 PM Gun trust/Tax Stamp
DuckCoach1985 Offline
Pro Tracker

Registered: 10/09/13
Posts: 1416
Loc: SMTX
Please help clarify how all this stuff works. I want to eventually buy a silencer for a Ruger American Ranch Rifle in 300blk. I don't quite understand all the lingo. I know I need the tax stamp to purchase a silencer, but what does the trust do? Are they both required? Beginning research now, will probably not be purchasing till around July/August.

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#6255531 - 04/11/16 01:00 PM Re: Gun trust/Tax Stamp [Re: DuckCoach1985]
jeepercreeper Offline
Extreme Tracker

Registered: 11/07/10
Posts: 3907
Loc: DFW
Originally Posted By: DuckCoach1985
Please help clarify how all this stuff works. I want to eventually buy a silencer for a Ruger American Ranch Rifle in 300blk. I don't quite understand all the lingo. I know I need the tax stamp to purchase a silencer, but what does the trust do? Are they both required? Beginning research now, will probably not be purchasing till around July/August.


https://silencerco.com/education/

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#6255532 - 04/11/16 01:01 PM Re: Gun trust/Tax Stamp [Re: DuckCoach1985]
That 1 GUy Offline
Tracker

Registered: 06/03/12
Posts: 772
Loc: Dallas Texas
Well assuming you are buying online:

-Pick item
-Add to cart
-Add Tax Stamp to cart
-Checkout
-Then you will get an email or option after purchase to either send or upload your trust. There are many forms of trust, just make sure you are a trustee on your, lol.
-Wait what seems like an eternity then BAAM, one day you get good news.

In a nutshell, the trust is actually the purchaser of the item as the trust receives the item (legally). The FFL who does the 4473 must turn the item over to a physical person therefore a trustee must visit the FFL and fill out the 4473

If you go into an actual storefront location the process is the exact same except you will need the original trust for them to make a copy vs. a digital copy.

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#6255533 - 04/11/16 01:03 PM Re: Gun trust/Tax Stamp [Re: DuckCoach1985]
ddr225 Offline
Bird Dog

Registered: 01/23/11
Posts: 483
Contact Sean Cody at TexasGunTrust.com, he will get a trust done quick. Once that is done and executed find a class 3 dealer. Buy your suppressor and send $200 to the BATFE along with copies of trust and form 4. Your dealer will hold the suppressor until paperwork is approved (months later) Hurry though, laws are changing and itll add extras to the process.

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#6255727 - 04/11/16 03:26 PM Re: Gun trust/Tax Stamp [Re: DuckCoach1985]
Tim9880 Online   content
Tracker

Registered: 04/08/12
Posts: 502
The main advantage of the trust now seems to be the ability to pass on your property after death. If you arent concerned with that, you dont have to go the trust route if you dont want to pay for one.

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#6255766 - 04/11/16 03:57 PM Re: Gun trust/Tax Stamp [Re: Tim9880]
rexmitchell Offline
Veteran Tracker

Registered: 02/11/13
Posts: 2127
Originally Posted By: Tim9880
The main advantage of the trust now seems to be the ability to pass on your property after death. If you arent concerned with that, you dont have to go the trust route if you dont want to pay for one.


With the new regs regarding fingerprinting of every member of a trust, it will end up being more of a burden now than it is helpful (unless you want a bunch of folks to have access to your items). At least in my opinion it is now.

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#6255812 - 04/11/16 04:38 PM Re: Gun trust/Tax Stamp [Re: DuckCoach1985]
TXGUNNER308 Offline
Veteran Tracker

Registered: 12/02/09
Posts: 2304
Loc: Farmers Branch / Carrollton
This guy has all your answers...he is an attorney!

Christopher Bass
214-596-8314
christopherbass01@gmail.com
_________________________
Initial Success or Total Failure


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#6256166 - 04/11/16 08:24 PM Re: Gun trust/Tax Stamp [Re: rexmitchell]
QuitShootinYoungBucks Online   content
THF Trophy Hunter

Registered: 11/01/12
Posts: 7808
Loc: Lubbock, TX
Originally Posted By: rexmitchell
Originally Posted By: Tim9880
The main advantage of the trust now seems to be the ability to pass on your property after death. If you arent concerned with that, you dont have to go the trust route if you dont want to pay for one.


With the new regs regarding fingerprinting of every member of a trust, it will end up being more of a burden now than it is helpful (unless you want a bunch of folks to have access to your items). At least in my opinion it is now.


Currently the main advantages are no LEO signature required, ability to pass them on, and IMO most importantly, the ability for anyone on the trust to use the item without someone else present. Your son wants to take your SBR .300 hog hunting without you? No problem if he's on the trust. Highly illegal if no trust and you're not with him.

Fingerprint requirement in July will suck but might still be worth it.
_________________________

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#6260530 - 04/14/16 06:12 PM Re: Gun trust/Tax Stamp [Re: DuckCoach1985]
Junebug Offline
Woodsman

Registered: 11/06/11
Posts: 190
Loc: Fort Worth
Silencer shop .com, one stop shop. Best prices I have found anywhere, they are out of Austin.

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#6260988 - 04/15/16 01:52 AM Re: Gun trust/Tax Stamp [Re: Junebug]
Toxarch Online   content
Pro Tracker

Registered: 03/09/11
Posts: 1819
Loc: Parker County
Originally Posted By: Junebug
Silencer shop .com, one stop shop. Best prices I have found anywhere, they are out of Austin.

Capitol Armory in Austin is a little cheaper on some suppressors.
_________________________
It is far more important to be able to hit the target than it is to haggle over who makes a weapon or who pulls a trigger.

— Dwight D. Eisenhower

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#6261015 - 04/15/16 06:16 AM Re: Gun trust/Tax Stamp [Re: DuckCoach1985]
kry226 Offline


Registered: 01/11/09
Posts: 5172
Loc: Germany
Silencershop also doesn't do local pick-ups anymore either. Must do a Form 3 to a LGS on their list.

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#6261398 - 04/15/16 10:42 AM Re: Gun trust/Tax Stamp [Re: DuckCoach1985]
ColemanCty Offline
Woodsman

Registered: 06/17/10
Posts: 222
Loc: Abilene, Tx.
On the Silencerco website, it mentions a corporation. Can i run the ownership of a suppressor through my corporation and avoid the trust? I have an S-Corp that I am the owner/president of.
_________________________
Contact me for a free quote for group and individual health, life, disability and long term care.

ssouth@compasstx.com

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#6261709 - 04/15/16 02:08 PM Re: Gun trust/Tax Stamp [Re: DuckCoach1985]
Toxarch Online   content
Pro Tracker

Registered: 03/09/11
Posts: 1819
Loc: Parker County
Could you do it in an S Corp? I believe you could but I'm not a lawyer. In my opinion, it would be better to just set up an NFA trust for it. You really only want the NFA items and nothing else with it. What if you sell the corp? What if there's a law suit? The trust is free for life other than a lawyer's fee to draft it if you go that route. Cheaper than a corp.
_________________________
It is far more important to be able to hit the target than it is to haggle over who makes a weapon or who pulls a trigger.

— Dwight D. Eisenhower

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#6265110 - 04/18/16 10:20 AM Re: Gun trust/Tax Stamp [Re: Toxarch]
ColemanCty Offline
Woodsman

Registered: 06/17/10
Posts: 222
Loc: Abilene, Tx.
Originally Posted By: Toxarch
Could you do it in an S Corp? I believe you could but I'm not a lawyer. In my opinion, it would be better to just set up an NFA trust for it. You really only want the NFA items and nothing else with it. What if you sell the corp? What if there's a law suit? The trust is free for life other than a lawyer's fee to draft it if you go that route. Cheaper than a corp.


Didn't think about that. Thanks so much
_________________________
Contact me for a free quote for group and individual health, life, disability and long term care.

ssouth@compasstx.com

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