Alternative to NFA Trust?

Hiker 1 · October 1, 2013, 09:15 AM

I was in the LGS last night with plans to start the paperwork for a suppressor and I became convinced that setting up an NFA trust is a better way to go.

While discussing this with the owner, he said that an attorney had come in and said there was a better, more streamlined way to get set up for NFA transfers, but the owner didn't have any more info.

Has anyone heard of a legal entity or legal set up that is "better" than an NFA trust?

Armorer-at-Law · October 1, 2013, 11:34 AM

Setting up a corporation or LLC may be good alternatives, but it depends on your state law. Corps/LLCs may or may not require annual reports and/or fees to keep them active. If not, they may be good alternatives. There are other estate planning benefits of a trust, however. Talk to a qualified attorney in your state.

**Spats McGee** · October 1, 2013, 01:30 PM

Armorer-at-Law has nailed it.

As an aside, at a arecent gun show, I noticed that a lawyer had actually set up a table for doing gun trusts. That was the first time I'd seen that.

October 1, 2013, 09:15 AM	#1
Hiker 1 Senior Member Join Date: January 7, 2011 Location: Colorado Posts: 596	Alternative to NFA Trust? I was in the LGS last night with plans to start the paperwork for a suppressor and I became convinced that setting up an NFA trust is a better way to go. While discussing this with the owner, he said that an attorney had come in and said there was a better, more streamlined way to get set up for NFA transfers, but the owner didn't have any more info. Has anyone heard of a legal entity or legal set up that is "better" than an NFA trust?

October 1, 2013, 11:34 AM	#2
Armorer-at-Law Senior Member Join Date: October 29, 2002 Location: Cincinnati, OH Posts: 465	Setting up a corporation or LLC may be good alternatives, but it depends on your state law. Corps/LLCs may or may not require annual reports and/or fees to keep them active. If not, they may be good alternatives. There are other estate planning benefits of a trust, however. Talk to a qualified attorney in your state. __________________ Send lawyers, guns, and money... Armorer-at-Law.com 07FFL/02SOT

October 1, 2013, 01:30 PM	#3
Spats McGee Staff Join Date: July 28, 2010 Location: Arkansas Posts: 8,821	Armorer-at-Law has nailed it. As an aside, at a arecent gun show, I noticed that a lawyer had actually set up a table for doing gun trusts. That was the first time I'd seen that. __________________ I'm a lawyer, but I'm not your lawyer. If you need some honest-to-goodness legal advice, go buy some.