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Suppressors
#8589336
05/02/22 02:54 AM
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Joined: Nov 2009
Posts: 368
rut
OP
Bird Dog
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OP
Bird Dog
Joined: Nov 2009
Posts: 368 |
I am fixing to buy a can. Trying to get as much info as possible. My question is A) trust or no trust? Is there such a thing as single shot TRUST? Have daughters so I doubt I will be handing it down. Just want to shoot and have fun with it. Please advise.
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Re: Suppressors
[Re: rut]
#8589374
05/02/22 04:34 AM
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Joined: Jul 2015
Posts: 22,461
Bee'z
The Beedazzler
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The Beedazzler
Joined: Jul 2015
Posts: 22,461 |
Mine is on an individual but I need to transfer it to a trust so wife and kids are on it, soo the ATF gets $200 more dollars and that is legalities.
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Re: Suppressors
[Re: rut]
#8590019
05/03/22 12:26 PM
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Joined: Dec 2009
Posts: 8,729
The Dude Abides
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2009
Posts: 8,729 |
Have daughters so I doubt I will be handing it down. Just want to shoot and have fun with it. Please advise. Then go the individual route.
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: Suppressors
[Re: rut]
#8590629
05/04/22 02:58 AM
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Joined: Aug 2014
Posts: 1,694
Bigfoot
Pro Tracker
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Pro Tracker
Joined: Aug 2014
Posts: 1,694 |
silencer shop pay 200 tax stamp pay 30 single shot trust pay for can 6 months later expect a can
Last edited by Bigfoot; 05/04/22 02:59 AM.
I WILL NOT COMPLY!! Let's go Brandon!!!!
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Re: Suppressors
[Re: rut]
#8590822
05/04/22 02:09 PM
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Joined: Aug 2012
Posts: 14,987
TexFlip
THF Celebrity
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THF Celebrity
Joined: Aug 2012
Posts: 14,987 |
Teach your daughters to shoot. Do a trust.
Just to make sure that it is done thoroughly, I go both ways.
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Re: Suppressors
[Re: Bigfoot]
#8596964
05/13/22 01:50 PM
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Joined: Dec 2009
Posts: 911
huntingbig8
Tracker
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Tracker
Joined: Dec 2009
Posts: 911 |
silencer shop pay 200 tax stamp pay 30 single shot trust pay for can 6 months later expect a can E Foms are around 97 days as of right now
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Re: Suppressors
[Re: huntingbig8]
#8598538
05/16/22 02:40 AM
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Joined: Oct 2007
Posts: 18,690
TEXASLEFTY
THF Whiskey Sommelier
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THF Whiskey Sommelier
Joined: Oct 2007
Posts: 18,690 |
silencer shop pay 200 tax stamp pay 30 single shot trust pay for can 6 months later expect a can E Foms are around 97 days as of right now 97 days from when?
Never been to a camping world. I prefer Dick's to be honest.
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Re: Suppressors
[Re: rut]
#8599322
05/17/22 12:24 PM
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Joined: Sep 2013
Posts: 311
Uncle Zeek
Bird Dog
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Bird Dog
Joined: Sep 2013
Posts: 311 |
I am fixing to buy a can. Trying to get as much info as possible. My question is A) trust or no trust? Is there such a thing as single shot TRUST? Have daughters so I doubt I will be handing it down. Just want to shoot and have fun with it. Please advise. The big advantage of an NFA trust (or NFA corporation, LLC, etc) is that you can appoint other people to use your NFA firearms. If you own a suppressor, SBR, etc. individually, you cannot allow anyone else to possess, use, or access it. This can cause problems for someone who is married and the spouse has "constructive access" to the firearm because she knows the safe combination or such. I own my SBRs in an NFA trust. If/when I get any suppressors, they go in the trust. When I buy an M14 or an old WW1 BAR, it goes in the trust. Later on, I can let my brother-in-law, or a TFF/THF friend, use any of these firearms by appointing him as a trustee. Main downside of a trust or corporate entity is that every active trustee or corporate officer must submit their "Responsible Person" materials with the Form 1 or Form 4 application. This only applies to any individuals who hold those roles at the time of application. Not a big deal if you set up a 'one shot' kiosk trust and you're the only trustee at the time, especially if you don't intend to add any more cans or other toys into the trust.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate planning & tax attorney 190 Civic Circle, Suite 260, Lewisville, TX 75067 972-746-0758 mobile zac@artimlegal.com
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Re: Suppressors
[Re: rut]
#8600645
05/19/22 02:47 AM
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Joined: Dec 2020
Posts: 1,199
Sewer rat
Pro Tracker
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Pro Tracker
Joined: Dec 2020
Posts: 1,199 |
Setting up a trust is so simple and cheap there is no reason anyone who I’d buying NFA weapons shouldn’t go that route. Uncle Zeek listed a lot of great reasons but how your goodies are handled when you die is a huge deal. You only have daughters? Well someday they may get married and I am sure when you croak you would rather have your grandson wind up with your stuff without a giant hassle of having to repay for tax stamps to transfer things.
The typical gun trust is short simple and can be modified at any time by the owner. It is kind of a pain when you buy something new as every trustee must submit fingerprints and photos but that is only when you buy something. It is perfectly legal to add and remove people from the trust as often as you wish. You can literally add a single page to the back of your trust removing all trustees but yourself, buy a can, when it is approved then add a single page to the trust and add whoever you want.
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Re: Suppressors
[Re: huntingbig8]
#8612027
06/04/22 12:04 AM
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Joined: Aug 2014
Posts: 1,694
Bigfoot
Pro Tracker
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Pro Tracker
Joined: Aug 2014
Posts: 1,694 |
silencer shop pay 200 tax stamp pay 30 single shot trust pay for can 6 months later expect a can E Foms are around 97 days as of right now Not even close to 97 days from purchasing. Maybe 100 to 110 days after being certified yes. But from purchase to acquisition is looking like 6 months. My buddy whom we bought on the same exact day got his 2-3 weeks ago. 5 months after he bought it and 105 days after being certified.. I thought mine came in a few days ago but evidently not. So Im on day 110 aprox and that was from certification and still waiting. The 18th will be 6 months for me with eforms!
Last edited by Bigfoot; 06/04/22 12:05 AM.
I WILL NOT COMPLY!! Let's go Brandon!!!!
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Re: Suppressors
[Re: rut]
#8617315
06/10/22 10:15 PM
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Joined: Jan 2012
Posts: 749
magspa
Tracker
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Tracker
Joined: Jan 2012
Posts: 749 |
I used the silencer shop single shot trust. Was really simple. I think you have to wait until approved to add more people.
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Re: Suppressors
[Re: Bigfoot]
#8623308
06/18/22 09:49 PM
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Joined: Feb 2010
Posts: 11,046
GusWayne
THF Celebrity
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THF Celebrity
Joined: Feb 2010
Posts: 11,046 |
silencer shop pay 200 tax stamp pay 30 single shot trust pay for can 6 months later expect a can E Foms are around 97 days as of right now Not even close to 97 days from purchasing. Maybe 100 to 110 days after being certified yes. But from purchase to acquisition is looking like 6 months. My buddy whom we bought on the same exact day got his 2-3 weeks ago. 5 months after he bought it and 105 days after being certified.. I thought mine came in a few days ago but evidently not. So Im on day 110 aprox and that was from certification and still waiting. The 18th will be 6 months for me with eforms! I e-filed, from the time I paid and completed paperwork at the store it was 107 days That was from the day I walked out of store, to the day I walked back into the store
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Re: Suppressors
[Re: rut]
#8625436
06/22/22 01:08 AM
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Joined: Oct 2008
Posts: 14,798
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 14,798 |
Anybody ever use Silencer Central for setting up trust and purchase of can? What if I set up a trust before all trustees had to go through background checks, fingerprinting, etc. can I still add new acquisitions to the existing trust, or do I have set up a new trust?
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Re: Suppressors
[Re: Sewer rat]
#8625442
06/22/22 01:12 AM
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Joined: Oct 2008
Posts: 14,798
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 14,798 |
Setting up a trust is so simple and cheap there is no reason anyone who I’d buying NFA weapons shouldn’t go that route. Uncle Zeek listed a lot of great reasons but how your goodies are handled when you die is a huge deal. You only have daughters? Well someday they may get married and I am sure when you croak you would rather have your grandson wind up with your stuff without a giant hassle of having to repay for tax stamps to transfer things.
The typical gun trust is short simple and can be modified at any time by the owner. It is kind of a pain when you buy something new as every trustee must submit fingerprints and photos but that is only when you buy something. It is perfectly legal to add and remove people from the trust as often as you wish. You can literally add a single page to the back of your trust removing all trustees but yourself, buy a can, when it is approved then add a single page to the trust and add whoever you want. Do the trustees that are added later have to submit new prints and photos?
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Re: Suppressors
[Re: 68rustbucket]
#8652352
07/30/22 01:44 PM
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Joined: Sep 2013
Posts: 311
Uncle Zeek
Bird Dog
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Bird Dog
Joined: Sep 2013
Posts: 311 |
Setting up a trust is so simple and cheap there is no reason anyone who I’d buying NFA weapons shouldn’t go that route. Uncle Zeek listed a lot of great reasons but how your goodies are handled when you die is a huge deal. You only have daughters? Well someday they may get married and I am sure when you croak you would rather have your grandson wind up with your stuff without a giant hassle of having to repay for tax stamps to transfer things.
The typical gun trust is short simple and can be modified at any time by the owner. It is kind of a pain when you buy something new as every trustee must submit fingerprints and photos but that is only when you buy something. It is perfectly legal to add and remove people from the trust as often as you wish. You can literally add a single page to the back of your trust removing all trustees but yourself, buy a can, when it is approved then add a single page to the trust and add whoever you want. Do the trustees that are added later have to submit new prints and photos? The only time that trustees have to submit prints & photos is when the trust submits a new form 1/form 4 etc. In my case, my trust has tax stamps already, and I can add a new trustee at any time who can use the NFA firearms. The new trustees don't need to send anything to ATF unless the trust applies to acquire or build a new NFA firearm.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate planning & tax attorney 190 Civic Circle, Suite 260, Lewisville, TX 75067 972-746-0758 mobile zac@artimlegal.com
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Re: Suppressors
[Re: rut]
#8659399
08/08/22 04:10 PM
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Joined: Mar 2019
Posts: 843
GNTX
Tracker
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Tracker
Joined: Mar 2019
Posts: 843 |
While we are on the subject, so much for 90 day approvals on e-form 4. Just called Riflegear to get an idea and they said they are just now getting approvals for forms submitted in February. I’m just past the 90 day mark is why I inquired about it.
ATF claimed they would increase staffing to try and keep the wait around 90 days. Yeah, right.
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Re: Suppressors
[Re: rut]
#8661289
08/11/22 02:53 AM
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Joined: Oct 2018
Posts: 625
intohunting
Tracker
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Tracker
Joined: Oct 2018
Posts: 625 |
Do a trust, but do it after you receive your suppressor. I just received my can and it took 13 1/2 months to receive it (Silencer Shop kiosk before e-form was available). My gun dealer said it would have been delayed even longer if I had a trust attached with it.
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Re: Suppressors
[Re: intohunting]
#8661496
08/11/22 01:33 PM
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Joined: Oct 2008
Posts: 14,798
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 14,798 |
Do a trust, but do it after you receive your suppressor. I just received my can and it took 13 1/2 months to receive it (Silencer Shop kiosk before e-form was available). My gun dealer said it would have been delayed even longer if I had a trust attached with it. Moving into trust after the fact would require an additional tax stamp I believe.
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Re: Suppressors
[Re: 68rustbucket]
#8663067
08/13/22 12:21 PM
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Joined: Oct 2007
Posts: 18,690
TEXASLEFTY
THF Whiskey Sommelier
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THF Whiskey Sommelier
Joined: Oct 2007
Posts: 18,690 |
Do a trust, but do it after you receive your suppressor. I just received my can and it took 13 1/2 months to receive it (Silencer Shop kiosk before e-form was available). My gun dealer said it would have been delayed even longer if I had a trust attached with it. Moving into trust after the fact would require an additional tax stamp I believe. It’s worth an extra $200 if the wait goes from 13 months to 90 days for some people, especially if it’s your first suppressor.
Never been to a camping world. I prefer Dick's to be honest.
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Re: Suppressors
[Re: rut]
#8664579
08/15/22 03:47 AM
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Joined: Mar 2018
Posts: 1,158
Scott W
Pro Tracker
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Pro Tracker
Joined: Mar 2018
Posts: 1,158 |
Are there any problems/delays if you buy more than 1 can when you first open the trust? As in, does it throw any red flags?
I’m considering getting 3 at once, don’t want or need ATF knocking on my door asking why.
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Re: Suppressors
[Re: rut]
#8666104
08/16/22 09:47 PM
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Joined: Apr 2012
Posts: 631
Tim9880
Tracker
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Tracker
Joined: Apr 2012
Posts: 631 |
Last time I did 3 at once it actually went faster. But it's the ATF, so who knows what will happen for you.
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