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Class III and Trusts

Discussion in 'GATE NFA/Class III' started by Ragnar, Feb 25, 2010.

  1. I currently have an M-2 Carbine and the current tax stamp is in my name.

    I am looking at getting another class III weapon and find that going the trust route may be better. Wish I had known when I bought the M-2.

    Anyway, is there a good resource for how to do the trust paperwork?

    And yes, I know I would have to transfer my M-2 all over again if I do a trust. Frikken guvmint rules! :steamed:
     
  2. Zak Smith

    Zak Smith 3Gunner Millennium Member

    502
    3
    Aug 25, 1999
    Fort Collins, CO, USA
    Hi,

    There are several threads on various forums about people's experiences with the trust method. I recommend that you have a lawyer write up and execute your trust so that it is done properly. There has been at least one case where the BATF declared a trust invalid for some reason and came after the NFA item in question.

    If you currently possess an NFA item on an individual Form 4, there is no need to do anything with it if you create a trust for a new item.