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ATF NFA Paperwork question

Discussion in 'NFA Weapon Discussion' started by Mhiggins05, Dec 3, 2012.

  1. Mhiggins05

    Mhiggins05 Salem, OR Member

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    Hey there, I'm looking at assembling an SBR. I have a lower reciever that will need to be registered and I have a 10 1/2 inch upper on the way. I'm wondering what forms I will need to fill out. I know I need a form 4 but I get confused when it comes to "form 1" and anything else that the lovely ATF might require. Any help is MUCH appreciated!

    Thanks
     
  2. Nwcid

    Nwcid Yakima and N of Spokane Well-Known Member

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    Form 4 is for transfers and you dont need that. Form 1 is for making and that is what you need. What else you will need depends on if you are doing an individual or a trust/LLC.
     
  3. Mhiggins05

    Mhiggins05 Salem, OR Member

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    Thank you for the clarification! That helps. I'm thinking ill do it as an individual. What else will I need? fingerprints? CLEO signature? Sorry if these questions seem dumb, but this is my first NFA rodeo :thumbup:
     
  4. Boomerang

    Boomerang Portland area Active Member

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    I've seen compelling arguments that the trust / LLC is the best way to go. No personal experience with it though.
     
  5. Nwcid

    Nwcid Yakima and N of Spokane Well-Known Member

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    Yes individual = LEO sign off, Finger prints, Passport photos, being the ONLY person to legally have possession of the items, Filling out more forms (tax free) for heirs.

    Trust = Send in filled out Form, Anyone on the trust can have legal possession of items, easier to transfer to heirs/family.
     
  6. Nwcid

    Nwcid Yakima and N of Spokane Well-Known Member

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  7. Mhiggins05

    Mhiggins05 Salem, OR Member

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    Thank you very much! I appreciate the help
     
  8. osterr1999

    osterr1999 Silverton, OR Active Member

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    It is an easy process however it is important to note that the ATF frowns on having the parts on hand to assemble an SBR before the paperwork is approved.

    I have gone the individual route thus far, but from my understanding a trust is the way to go if you have the time and money to get one set up. It depends on how many NFA items you plan to own too. If you will only ever own one, it's probably not worth it, but if you are planning on buying many, then I would do a trust.
     
  9. goatguns

    goatguns Dallas OR Member

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    not trying to steal this thread but I am wondering who you all used for a trust that Is local to salem oregon. I talked to my local lawyer and he told me it was going to cost $1500 to $6000 to form a trust to transfer my stuff too. Is that the going rate??? Thank you
     
  10. Nwcid

    Nwcid Yakima and N of Spokane Well-Known Member

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    There are many many threads online about how to set up a trust. My advice would be to look there first. I think the "going" rate for someone else to do it is $200-500.

    I am not sure if you are aware but to "transfer my stuff" being things you already own into a trust will cost you a transfer tax of $200 for each item.
     
  11. goatguns

    goatguns Dallas OR Member

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    I am willing to transfer what I have into the trust at $200 each, but I have more on the way that I am yet to do paper work on. I am no lawyer and do not under stand most of the words in those documents. I would like to talk to a lawyer in person and tell him what I am after and have him do it. If anyone knows of a lawyer that has NFA experience and could do it for $200 to $500 I would do it. Thanks for any help. I just want to get this done before paper work starts on stuff that is ordered.
     
  12. conp435

    conp435 woodinville Active Member

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  13. Stomper

    Stomper Oceania Rising White Is The New Brown Silver Supporter

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    DIY-ing a Revocable Living Trust is so easy a caveman can do it... I'm LIVING PROOF that it can be done for free, or nearly free with a $10-$20 Public Notary fee. (I have a friend who is a Public Notary, so having it notarized it was free... HA HA!)

    Click on the link below, read the ENTIRE THREAD, and on the last page somewhere you will the updated link to the Trust Template, and DO IT.

    Link>>>> http://www.northwestfirearms.com/nfa-weapons/18970-revocable-living-trust-3.html

    If ever I read that someone here paid the amounts of money quoted above to have a Revocable Living Trust done up, I will get your IP numbers, run it through whois.com and come to your house and slap the taste right out of your mouth. (OK, just kidding, sort of!). ;)