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What is the source of that information? If BATFE, what circular, ruling, etc.?
Sounds like the rumor mill to me, but then BATFE has been known for some arbitrary rulilngs. If you have a serious inquiry (e.g. you have already set up a trust with "the" in the name), call or write them. If just checking a rumor, forget it.
My Form 4 was finally returned last October with the article THE whited out. Instead of "The Roder Trust" as I submitted on the form, my form was returned with "Roder Trust", but at least the stamp was affixed
Since I've never set up an NFA trust before, I don't know the procedure. But if it's like many other trusts the legal documents drawing it up can't be changed willy-nilly.
Or are NFA trusts self directed implied trusts, that "get created" by the BATFE paperwork? So it gets the name with the handmade corrections because that's what's written down?
"The Cesiumsponge Trust" and "Cesiumsponge Trust" are two different trusts. "The" makes a difference. It's also weird to refer to your trust as the The Cesiumsponge Trust because that's not the same as referring it as the Cesiumsponge Trust.
When I had my lawyer set up my trust years ago, he made it a point not to use the word "The" in the title of my trust. I suspect there is a legal reason for it but never bothered to inquire. I think you can restate the trust but you can't change the name of your trust or you've just formed a new entity. The trust name better be the same on all your Form 4's.
Hopefully one of the legal eagles comes along and enlightens us to the possible reasons this action has been taking place lately.
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