- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Trust or not for suppressor?
Posted on 11/1/24 at 8:48 am
Posted on 11/1/24 at 8:48 am
What does the OB say?
12
Posted on 11/1/24 at 8:54 am to WeagleEagle
Personally, I think the trust has more advantages, although getting everyone together to amend paperwork or get fingerprinted can be a pain.
Posted on 11/1/24 at 8:59 am to WeagleEagle
It really just depends on your situation. If you have kids or other people who you'd like to split use of the suppressor with, then the trust makes sense. If you don't envision that happening, then there's not much argument in favor of the trust anymore.
Posted on 11/1/24 at 8:59 am to WeagleEagle
Trust
It's way more CYA for you and your family/friends with the already overreaching arms of the ATF
It's way more CYA for you and your family/friends with the already overreaching arms of the ATF
Posted on 11/1/24 at 9:03 am to bluemoons
Do have kids. They are very young though. What is the process of adding people in the future?
Posted on 11/1/24 at 9:07 am to WeagleEagle
Very easy. You can make them beneficiaries now and trustees when they hit majority. It's the same as amending any other trust. I am out of private practice now, but I drafted gun trusts for years and I just billed a flat fee and amended for my clients whenever they wanted. It's not a big deal.
Are you in Louisiana? If so, I wouldn't recommend buying one of the canned trusts that Silencershop etc. offer. I'd get with an attorney capable of drafting a gun trust. The Silencershop trusts satisfy the ATF, but I wouldn't be comfortable trying to enforce one in a Louisiana court applying Louisiana law.
Are you in Louisiana? If so, I wouldn't recommend buying one of the canned trusts that Silencershop etc. offer. I'd get with an attorney capable of drafting a gun trust. The Silencershop trusts satisfy the ATF, but I wouldn't be comfortable trying to enforce one in a Louisiana court applying Louisiana law.
Posted on 11/1/24 at 9:08 am to Theduckhunter
quote:
although getting everyone together to amend paperwork or get fingerprinted can be a pain.
if you can get copies of digital fingerprints, it's much easier. at that point, all you need is a signature and a recent passport style photo.
a LGS will do digital fingerprints for $40.
i'd definitely go trust if you want to be able to hand the items off to other people without risk of a felony. you could make them pitch in on the cost for everything so it's not so burdensome for one person.
a 5-person trust can make a $200 tax stamp seem like a $25 tax stamp.
eta: i used National Gun Trust. it was $60 i believe.
https://www.nationalguntrusts.com/
it's a bit more formal than Silencer Shop. great customer service as well.
This post was edited on 11/1/24 at 9:12 am
Posted on 11/1/24 at 9:10 am to finchmeister08
It's worth noting that the only people that have to be fingerprinted/background checked are "responsible persons," and your beneficiaries are not responsible persons. So, if the trust were structured such that your kids were beneficiaries until they hit majority, and you were the sole trustee/settlor, then you're the only one that has to go through the fingerprinting process until your kids or some other people become trustees.
Posted on 11/1/24 at 9:12 am to WeagleEagle
quote:
Do have kids. They are very young though. What is the process of adding people in the future?
My son is 10 and really doesn't even have an interest in firearms yet. I still started a trust. Putting the whole family on it. Just so that if anything does happen, they aren't stuck trying to figure out how to offload the items they don't have a valid stamp for. They'd still have a legal right to possess. Plus I can always give them over when he does get old enough to care.
Adding members to the trust is actually quite easy from my understanding. In fact it's kind of stupid from the ATF's perspective. You can add all of your items to a trust, then put in new members on the backside and they get to skip the same level of scrutiny. Any new items would then require all members to go through the background scrutiny.
Posted on 11/1/24 at 9:14 am to Jon A thon
yeah, some people actually amend the trust to remove everyone except for the settlor.
buy the items with a person background check
get approved
then amend the trust again by adding everyone back
i suggest not going that route though.
Posted on 11/1/24 at 9:26 am to finchmeister08
quote:
a LGS will do digital fingerprints for $40.
LGS?
Posted on 11/1/24 at 9:26 am to Theduckhunter
local
gun
store
i meant to say, "one of my LGS..."
gun
store
i meant to say, "one of my LGS..."
This post was edited on 11/1/24 at 9:27 am
Posted on 11/1/24 at 9:30 am to bluemoons
I’m in Florida. My plan was to use the kiosk for the trust at my local store.
Posted on 11/1/24 at 9:49 am to WeagleEagle
As mentioned if you have kids, family or friends you’d like to share your cans with, go with a trust. You can swap to a trust down the road but you have to pay the tax stamp again on each can you move to trust.
Posted on 11/1/24 at 9:51 am to Cypressknee
I didn’t realize you’d have to pay for the stamp again. I’m going with a trust. The short wait times with no trust was tempting.
Posted on 11/1/24 at 10:22 am to WeagleEagle
you only get one free transfer when a beneficiary is involved as well. when that person dies, and it's in a third generation set of hands, that third person has to pay the tax again.
Posted on 11/1/24 at 11:15 am to WeagleEagle
If you want it quicker, no trust. I purchased mine in January, finally got a call from the local FFL in April to put in efile with ATF, still waiting on approval. I was hoping to have it for deer season, guess I'll be ready for next year. 
Posted on 11/1/24 at 11:42 am to LSUSUPERSTAR
Man my local gun store told me same thing. Quicker for no trust and wait time was down to a week, so I finally pulled the proverbial trigger. Its been almost 2 months and I'm still waiting. 
Posted on 11/1/24 at 12:21 pm to LSUSUPERSTAR
I had bought 3 cans separately, in a little over 2 weeks, all individual. Buddy told me to send a email inquiring. At 32 days all 3 cans were batched and approved within 12 minutes of receiving the first approval.
Posted on 11/1/24 at 1:15 pm to TopWaterTiger
quote:
Its been almost 2 months and I'm still waiting.
My trust approval for a suppressor as almost to the day what they had listed on their website for trusts. My form 1 for an SBR build on the same trust was like 2 weeks. I need to learn how to build suppressors
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News