Posted on 01/19/2016 11:29:48 AM PST by b4its2late
Darnit. There was something that was a benefit of the Trust that flipped to advantage individual and disadvantage trust. Thought it was the CLEO crap. Anyway, it’s annoying that the CLEO gets notified on each NFA purchase.
You will after July, and so will everybody else on your Trust. Each member of the trust has to fill out a form as if they were applying for the transfer as an individual.
Darnit. There was something that was a benefit of the Trust that flipped to advantage individual and disadvantage trust. Thought it was the CLEO crap. Anyway, it's annoying that the CLEO gets notified on each NFA purchase.
For Trust transfers, the CLEO was always supposed to be informed. It was just individual transfers that the CLEO had to sign off and as you know many CLEOs refused.
ATF couldn't kill trusts off entirely, so they changes the rules so that it is a bigger PITA for Trusts (everybody gets fingerprinted, photographed, fills out a form 4 or whatever, and gets a background check) and made it easier for individuals (no more CLEO sign off, just inform.)
There are still advantages to a Trust for family members sharing NFA items, inheritance, etc.
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