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Transfer NFA items to a trust?

Discussion in 'NFA Weapon Discussion' started by watchdawg, Dec 20, 2009.

  1. watchdawg

    watchdawg Laurelwood, OR New Member

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    I have a few NFA items that I purchased over the last several years. But for future purchases, I'm considering establishing a trust.

    Can I add a previously-purchased NFA item to the trust without transferring from my name to the trust? Has anyone done this?

    Thanks!
     
  2. Starship

    Starship NE Portland Active Member

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    If you're serious about creating a trust I would spend a few bucks and discuss with an attorney just to make sure. Trusts that you setup via the internet are not always compliant with all state laws.

    That said, I'm pretty sure you will have to transfer it into the trust's name, otherwise it won't be owned by the trust but still by you. You will be a trustee of the trust and can do what every you want with what the trust owns but what it owns has to be in the name of the trust.
     
  3. When you transfer previously purchased items to the trust you will have to pay a new 200 dollar tax for each item.
     
  4. watchdawg

    watchdawg Laurelwood, OR New Member

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    I intend to hire a lawyer to establish the trust. If anyone has a recommendation for a NFA/trust-knowledgable attorney in the Portland Metro area I would appreciate it if you passed their name/contact information along.
     
  5. watchdawg

    watchdawg Laurelwood, OR New Member

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    That's the information I was looking for.

    I wish I had known about Trusts 10+ years ago. :-(
     
  6. ditto.