Mike OTDP
Ultimate Member
- Feb 12, 2008
- 3,324
All the talk of NFA trusts got me thinking...could someone set up a trust out of state to own firearms there?
Not sure what that buys you, as you cannot bring banned firearms into MD, unless they are grandfathered.
So you would need a trustee that lived in that state. And they would have full access to the trust firearms, and could even sell them.
This. Trusts are state-based, so you'd need someone residing in that state to be on the trust with you. The trust would have a non-MD address.
That person would have full access to and equal ownership of the items in the trust. So unless you have someone out of state you really trust (get it, trustee) it's a risky proposition.
Better to save your pennies and wait 'til you move to a true free state, then go on a buying spree. The trust doesn't guarantee that "your property" stays yours, nor will it let you take now-banned firearms back to MD.
This. Trusts are state-based, so you'd need someone residing in that state to be on the trust with you. The trust would have a non-MD address.
That person would have full access to and equal ownership of the items in the trust. So unless you have someone out of state you really trust (get it, trustee) it's a risky proposition.
Better to save your pennies and wait 'til you move to a true free state, then go on a buying spree. The trust doesn't guarantee that "your property" stays yours, nor will it let you take now-banned firearms back to MD.
Couldn't a trust be set up so that, short of going to court, unanimous consent of all trustees is required in order to dispose of its assets?
Or buy into it for that matter?