Discount on multiple AR lowers?

[bigdummy30]

That was a transfer NOT between Immediate family members. Immediate family members do not fall under this ruling.

Maryland has a law that you can transfer to an immediate family member without issue.

The existing regs (29.03.01.24 F (http://www.dsd.state.md.us/comar/getfile.aspx?file=29.03.01.24.htm)) states,

F. If the regulated firearm is a gift to a spouse, parent, grandparent, grandchild, brother, sister, son, or daughter:

(1) An application to purchase or transfer a regulated firearm shall be completed by the recipient and forwarded to the Secretary within 5 days of receipt of the regulated firearm; and

(2) The $10 application fee is waived by the Secretary.

Until he actually transfers the firearm to the kids or wife, he has not violated any laws.

I love it when someone actually knows what they are talking about on the 'net.

 

[lazarus]

One thing not mentioned is because NFA trusts only protect/cover NFA items and a regular AR-15 is a non-NFA item, if Maryland does ban them completely, you CANNOT transfer them to your kids when they are 21. You'd only be able to transfer them upon your death.

Just a piece of food for thought. Not that I am encouraging you to necessarily create AR-15 SBRs just so they can be placed in trust for your kids for when they coke of age, but I thought I'd mention.

 

[ClutchyMcClutcherson]

Interesting thought. Kind of where I was going when I mentioned registering several of them as sbrs.

 

[DaemonAssassin]

One thing not mentioned is because NFA trusts only protect/cover NFA items and a regular AR-15 is a non-NFA item, if Maryland does ban them completely, you CANNOT transfer them to your kids when they are 21. You'd only be able to transfer them upon your death.

Just a piece of food for thought. Not that I am encouraging you to necessarily create AR-15 SBRs just so they can be placed in trust for your kids for when they coke of age, but I thought I'd mention.

See below, post 37...

There is no reason to put a non-NFA item into a NFA trust. The non-NFA items do not gain any form of protection, unless you register them as NFA items.

If you want to ensure that the AR's go to the correct people, put it in your will as such. You want "X" serial number to go to ____.

 

[adit]

One thing not mentioned is because NFA trusts only protect/cover NFA items and a regular AR-15 is a non-NFA item, if Maryland does ban them completely, you CANNOT transfer them to your kids when they are 21. You'd only be able to transfer them upon your death.

Just a piece of food for thought. Not that I am encouraging you to necessarily create AR-15 SBRs just so they can be placed in trust for your kids for when they coke of age, but I thought I'd mention.

And there's nothing to stop MD from making SBR's illegal either.

 

[HordesOfKailas]

And there's nothing to stop MD from making SBR's illegal either.

Yep. IMO the only reason they aren't already is it's easier to sell "common sense" gun regs and most Dem voters don't care about the minutiae of barrel length.

 

[Biggfoot44]

Trusts aren't totally useless.

Just be aware that you can't add your children as Trustee until they turn 21 .

 

[ClutchyMcClutcherson]

I read that you can put them as heirs so they get the guns if something happens to me. But I'd have to have someone over 21 as a designee to take possession until they're old enough.

 

[Biggfoot44]

Ah, your Substitue Trustee .

 

[gmharle]

I thought that the main reason for the trust when it comes to NFA items and inheritance is that with a trust the heir doesn't have to purchase a new stamp to get the item. At least that is my understanding when researching this approach.

 

[lazarus]

See below, post 37...

See in my post, I mention you could only transfer them upon your death. That is the current reading of Maryland law for restricted firearms pre-2013 FOPA that are now banned.

 

[outrider58]

I thought that the main reason for the trust when it comes to NFA items and inheritance is that with a trust the heir doesn't have to purchase a new stamp to get the item. At least that is my understanding when researching this approach.

Only if he or she is a trustee.

 

[FPL53]

Go talk to the boys at Engage and get some of their lowers. If you want some help putting the parts together for the lower and the upper, I'm right down the street. I'm waving in your general direction, across the city.

Sorry, I've been bad and not really on MDS that much the last two days. Sh!tty work days and heavy drinking afterwards. Plus, I forgot where I posted this and the search is no bueno on my tablet.

I currently have one pre 13 matching stripped upper and lower from Engage that has not been touched. I would probably still want help with that when the time comes so I'll be in touch. I will be at Dottrio with a 12 o clock shoot. Definitely bringing my AR which only has about 60 rounds through it.

The main reason I was thinking of 80%'ers is a just in case H wins in November.

 

[Sticky]

Only if he or she is a trustee.

Sort of.. my trust allows for me to name a Settlor's Beneficiary and also a Successor Trustee, which are different than a co-trustee. They have no power while I am living, can't use the items nor act as a trustee in any way, but it does allow a way for me to name a beneficiary or successor in the event of my demise.. I'm not sure about the transfer fee tho, it's not really explained clearly and I'm not going to spend more $$ to find the answer... my successor will have to do that...

ETA... after rereading all of the pages of fine print, my trust does allow the transfer to be made to my successor/beneficiary trustee without incurring a transfer fee (as of current laws).

 

[Sticky]

I read that you can put them as heirs so they get the guns if something happens to me. But I'd have to have someone over 21 as a designee to take possession until they're old enough.

That is correct...

 

[outrider58]

Sort of.. my trust allows for me to name a Settlor's Beneficiary and also a Successor Trustee, which are different than a co-trustee. They have no power while I am living, can't use the items nor act as a trustee in any way, but it does allow a way for me to name a beneficiary or successor in the event of my demise..

Question(and you don't have to answer): Do you have trustees in your trust now?

 

[dontpanic]

I read that you can put them as heirs so they get the guns if something happens to me. But I'd have to have someone over 21 as a designee to take possession until they're old enough.

You name them as beneficiary. This allows them to inherit your NFA items. (They cannot take possession until 21)

I thought that the main reason for the trust when it comes to NFA items and inheritance is that with a trust the heir doesn't have to purchase a new stamp to get the item. At least that is my understanding when researching this approach.

There is no cost to transfer a NFA item to an heir upon your passing.

The main benefit of a trust now is allowing multiple people access to the items. Most of the other advantages were wiped out with 41P.

 

[Sticky]

Question(and you don't have to answer): Do you have trustees in your trust now?

No, I have no co-trustees currently.

 

[Sticky]

No, I have no co-trustees currently.

When my trust was drafted, they listed my successor/beneficiary trustee on my 'additional trustees' assignment page (as a co-trustee), but I elected to not execute this, so that was sent in without completing this assignment and with a blank declaration of co-trustee and I had no issues with my two form 1's.

 

[DaemonAssassin]

See in my post, I mention you could only transfer them upon your death. That is the current reading of Maryland law for restricted firearms pre-2013 FOPA that are now banned.

Ok... but you are missing the point. He wants to buy post 2013 lowers to build legally. As such, your statement is invalid, because he is not going to transfer a banned weapon to begin with.

As long as it is built into an HBAR, it is not banned. He can hang it to them when they turn 18 if he wants.

The past about the NFA trust is something that he wanted clarification on. He got the clarification.

As for the will, I gave the best advice I could.