Should I transfer my Individually registered NFA items to my NFA Trust?

cogcon · Jan 9, 2016

I have two items on a Form 1 and Form 4 that were registered to me as an individual before I executed my trust. I have other items in the trust and have been using that exclusively since then.

Everything is tagged and separated, so I am not worried about any trustee confusion or possession violations.

Should spend $400 to transfer those items to my trust before the new rules come into effect? If so, why?

thai · Jan 9, 2016

I would not do it unless it is a high dollar item that would make it worthwhile. Such as a select fire rifle at the high end or a very expensive SBR/suppressor combo. But not a $700 suppressor of an SBR I manufacturered my self. In the latter case I would just build a new SBR or purchase another suppressor for the trust.

I don't think thereis anything to gain by merging everything into the trust and wasting $400 more. I did not do so for my HK53 SBR clone.

jkeys · Jan 9, 2016

thai said:
I don't think thereis anything to gain by merging everything into the trust and wasting $400 more. I did not do so for my HK53 SBR clone.

Unless you want family members to have legal access to the items.

fabsroman · Jan 11, 2016

jkeys said:
Unless you want family members to have legal access to the items.

Yep. You can have co-trustees on the trust that would be able to use the NFA items outside of your presence. The trust also helps with the dispersal of the NFA items upon death, but a Last Will & Testament can also accomplish that if the items are in an individual's name.

ericoak · Jan 11, 2016

I wouldn't do it.

Pinecone · Jan 11, 2016

ericoak said:
I wouldn't do it.

Why not?

It depends on your needs.

Do you have family that needs access to the items? Do you have a will to deal with the NFA items? I could see the state confiscated on dying with out a will.

ericoak · Jan 11, 2016

Pinecone said:
Why not?

It depends on your needs.

Do you have family that needs access to the items? Do you have a will to deal with the NFA items? I could see the state confiscated on dying with out a will.

Costs $400 in stamps and people have been passing NFA items on for a long time before trusts.

Giving someone else access is the only reason I see to do it.

thai · Jan 11, 2016

ericoak said:
Costs $400 in stamps and people have been passing NFA items on for a long time before trusts.

Giving someone else access is the only reason I see to do it.

I agree. Not worth the 4 bucks. Unless as I stated "a very expensive NFA item" otherwise get another form 1 or suppressor to add to your trust if the exact type and classification of NFA item is not already in the trust.

Should I transfer my Individually registered NFA items to my NFA Trust?

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