Trust or not?

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TanklessPro

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Feb 18, 2012
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LA....Lower Alabama, I think. The tinfoil confuses
In the near future I want to get a suppressor or three. It is not required in my county to have a trust due to the sheriff is very pro gun/NFA. A local gun shop, in another county, sells suppressors and uses an attorney for trust for $150. The trust can only be setup for two people.
I would put my wife and myself on the trust. Eventually I would like to add my brother and daughters.
If I do not setup a trust, what happens if I die suddenly? I don't want my wife to possible get in trouble from my hobby. I know she could transfer for $0 but what happens during the wait time?
 
If you die and the guns are in your name, your heir, presumably your wife, simply contacts BATF and fills out and files a Form 5 which is a tax-free transfer from an estate to a legal heir. These are done every day and there's no tax on the transfer. The firearm is not given to an attorney nor an FFL to hold as this is a transfer and requires a taxable form.
 
Go the Trust route if you want to allow other trustees to use the item when not in your presence.

If they will only be used in your presence, and photo and fingerprint fees for all you plan to buy won't exceed the Trust cost, go to your friendly LEO for sign-off.
 
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