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Old April 1st, 2019, 08:40 AM #11
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IMBLITZVT IMBLITZVT is offline
 
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Quote:
Originally Posted by sundaeman View Post
I wasn't referring a NFA item in the house because I was traveling. I was referring to when we were travelling out of state with NFA items.

I'd venture a guess that there is someone on MDS who know how the %50 claim on a MG works.

I encourage my wife to hit the range if she feels so inclined. She needs to be on the trust for that.

I do like the multiple trust idea.
Oh, I did not pick up on that. That said I don't see how traveling out of state would put it under her control?


Yeah if she is going to the range without you and taking the gun... yeah.
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Old April 1st, 2019, 11:16 AM #12
fabsroman fabsroman is offline
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Well, ATF Rule 41f/41p did away with some of the biggest reasons for having a trust. I got my trust in place before 41f/41p went into effect and filed a bunch of Form 1's. However, we have had another child since then. My trust does not take into account the 4th child and I am not sure I am going to add her. It will depend on how things shake out over the years. As already mentioned, the trust provides some flexibility in the future and it also avoids probate. As my wife and I get older, I think we will use an inter vivos trust to move most of our stuff to our children so they receive most of it outside of probate, but that is an entirely different subject.

Is a trust a good idea? Answer is it really depends on what you are trying to accomplish.
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