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Trust or LEO signature?

Discussion in 'NFA Weapon Discussion' started by czgunner, Nov 15, 2014.

  1. czgunner

    czgunner SW WA Member

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    I live in Clark County, WA.
    I placed an order w/Silencer Shop for a Silencerco Sparrow and YHM ULT 7.62.
    A buddy told me the Sheriff will sign off on the paperwork.
    Should I do that, or have a trust made up?
     
  2. PDXSparky

    PDXSparky Keizer / Hillsboro Well-Known Member

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    I think the value of the trust is more than just not needing the CLEO sign off. If you want to allow special, select people to use your NFA toys without you present, then the trust is the way to go. If you buy other NFA items, you can use the same trust again without going back for more signatures. What does the signature cost? How about the finger print cards and passport photos? Those also cost a little bit for each item.

    The NFA trust I have cost $97. I bought it online from http://nwgunlawgroup.com/gun-trusts/ I've used it 6 times so far. So it cost about $16 per stamp.
     
    ZA_Survivalist, Dyjital and jbett98 like this.
  3. ZA_Survivalist

    ZA_Survivalist Oregon AK's all day.

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    ^ what he said.

    However if the NFA item is just going to be yours and yours alone and you are even trying tk keep minimal costs down, the sign off is cheaper. Its the main reason I did mine that way. Every penny counts.

    But Trusts have some advantages.
     
  4. PDXSparky

    PDXSparky Keizer / Hillsboro Well-Known Member

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    The big IF here is your ability to buy only 1 NFA item. Good luck with that. Stamp collecting can be addictive.
     
    Modeler likes this.
  5. ZA_Survivalist

    ZA_Survivalist Oregon AK's all day.

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    Lol. True.

    A few wants on my wish list.
     
  6. czgunner

    czgunner SW WA Member

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    Thanks. I ordered a trust through silencershop.
     
  7. misplacedtexan

    misplacedtexan Beaverton, OR Active Member

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    I'm all on for the trust. What happens when I die off and my NFA goodies are in question? Oh, well the next trustee alive gets to take them! So simple.
     
  8. Schwabdl

    Schwabdl Hillsboro Active Member

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    whoever you left the items to gets a tax free transfer
     
  9. jbett98

    jbett98 NW Oregon Bronze Supporter Bronze Supporter

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    Inheritors pay a $5.00 tax stamp fee. Almost free, but close.
     
  10. Schwabdl

    Schwabdl Hillsboro Active Member

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  11. jbett98

    jbett98 NW Oregon Bronze Supporter Bronze Supporter

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    Great, glad they changed that.
     
  12. The Heretic

    The Heretic Oregon Well-Known Member

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    So I am thinking of getting a Thomas Machine Operator TD for my 10/22 TakeDown.

    If I want my kids to inherit my suppressors, do I have to put their names on the trust in such a way that they show up on ATF's radar?

    So far, they are not on any "list" because they have not purchased any firearms from an FFL, and I would like to keep it that way.

    What other benefits of a trust are there?
     
  13. misplacedtexan

    misplacedtexan Beaverton, OR Active Member

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    They don't have to be on the trust when the stamp is issued. They just have to be on the trust before all the trustees and grantor die as those would be the only people able to alter the trust. You can add them at anytime ( and remove them).

    I don't have to go to the Sheriff's office during his "signing hours" and wait

    If you ever do move to a not so NFA friendly area and can't get a LEO sign-off then you'd already have a functioning trust.

    You can add other property to it to protect the property or yourself.

    The list really goes on for the trust benefits....


    ...and yea, I know it's a tax free transfer when I die, but the trust thing seemed soooo much easier.
     
  14. The Heretic

    The Heretic Oregon Well-Known Member

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    Thanks.

    That would probably be the route I would go then.
     
  15. Schwabdl

    Schwabdl Hillsboro Active Member

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    it will be interesting to see what happen with atf 41p in May.