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Potential Hiccup with NFA Trusts
Trust Review I have recently seen many trusts that the ATF are claiming are invalid. Generally they will send you a letter and attach the state statute. This is puzzling because they are making a legal determination as to the validity of the trust without without generally being licensed in...- dmgwork
- Post #23
- Forum: NFA/Class 3/Title II
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NFA-trust or individual?
If the trust purchases the items there is no additional tax stamp needed. You should fill out the form 4 http://www.guntrustlawyer.com/form4.html in the name of the trust. As far as using 365 days, while it is a solution and would be valid in most states it creates additional issues. Once...- dmgwork
- Post #51
- Forum: NFA/Class 3/Title II
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NFA-trust or individual?
Quicken 2009 and transferring assets I think a better solution might be to list the title II firearms you are purchasing, and then transfer the rest after you submit the paperwork to the ATF. That way you are not misleading or being inaccurate on the tax forms. The problem is the next time...- dmgwork
- Post #48
- Forum: NFA/Class 3/Title II
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NFA-trust or individual?
Quicken Your question really depends on whether you are just trying to acquire a Title II firearm or are thinking of how to protect yourself, your family and your friends from Violations of the NFA. As to your question about what items to transfer, you have to look at what you want to...- dmgwork
- Post #46
- Forum: NFA/Class 3/Title II
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NFA-trust or individual?
Typo Thanks Maryland_Shooter- its corrected below. I will also check the wet I recently receive a copy of Quicken Willmaker 2009. I have previously written about many articles about the unintended results that occur with Do It yourself and Free Estate Planning Documents created by...- dmgwork
- Post #44
- Forum: NFA/Class 3/Title II
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Detailed NFA Trust Information
Problems with Quicken for estate planning and NFA purchases. Althought the same or different issues may exist in each state. This article may be useful to those of you using Quicken Using Quicken to prepare a trust: The good, the bad, and ugly! I recently receive a copy of Quicken...- dmgwork
- Post #12
- Forum: NFA/Class 3/Title II
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NFA-trust or individual?
in regards to #6, the problem is really not what you address, but what if the beneficiaries are living in a state where they can possess, and legally able to own, and over the age of 21 (even 40, 60, or 80) but the type of person who should never have a firearm, A quicken trust will not allow...- dmgwork
- Post #42
- Forum: NFA/Class 3/Title II
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NFA-trust or individual?
Assuming that you have created a valid trust, it will probably be OK. Its hard to tell without reviewing the document and what your personal circumstances are. Some of the areas that you should look at are: 1) does the successor trustee have the ability to determine if the transfer to the...- dmgwork
- Post #40
- Forum: NFA/Class 3/Title II
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NFA-trust or individual?
NFA trust compared to quicken In many states there are significant problems with the trusts quicken creates. An approved Form 4 does not mean your trust is valid. If the trust is not valid, you do not have permission to be in possession of the Title II firearm. In addition there are many...- dmgwork
- Post #34
- Forum: NFA/Class 3/Title II