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April 19, 2016, 08:53 PM | #1 |
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Join Date: September 5, 2010
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NFA Trust # of Co-Trustees: 9 too many?
After reading some of the other trust related posts here, I'm a little confused:
I just got the trust paperwork today. There currently are 9 family members on the trust, easy to change. Question is, do I really want that many on it? Not sure with 41F coming. If I send it in in the next week with all the signatures, then go to the LGS and order the 2 suppressors I'm looking at, what's the advantage or disadvantages? It seems like everytime I add another 'toy' after July 1, I'll have to go back and get fingerprints and pictures? Is this correct? Any directions or suggestions appreciated.
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April 20, 2016, 04:34 AM | #2 | |||
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Quote:
On the other hand, how difficult will it be to get fingerprints and passport photos from each of those 9 people every time you want to buy a new NFA item? It's all a balance between how much you need those people to be on your trust vs. how difficult it will be to get their fingerprints and photos each time you add an NFA item to the trust. Quote:
Quote:
And there's a bit of controversy about how often the fingerprints and photos need to be submitted. The text of 41F seems to say that every time you submit paperwork for an NFA item after July 13th you need to submit fingerprints and photos for every "responsible person" on the trust, and then you can add as many NFA items to the trust as you want during the next two years without submitting any new fingerprints and photographs (provided the trust stays the same). But apparently some discussions with the ATF have indicated that they interpret 41F to say that fingerprints and photos must be submitted every time.
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0331: "Accuracy by volume." Last edited by Theohazard; April 21, 2016 at 03:57 AM. Reason: noticed typos |
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April 20, 2016, 11:24 PM | #3 |
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From meeting with a firearms lawyer to set up my trust a few weeks ago, I believe the new requirement will require your trustees/beneficiaries to provide fingerprints and a picture that is valid for 2 years. So once everyone's up to date, you no longer need them to re-do anything for 23 months and 29 days. It's not every time you decide to add an asset.
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April 21, 2016, 03:55 AM | #4 | ||
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Quote:
http://rkmerting.com/atf-41f-and-the-two-year-window/ Quote:
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0331: "Accuracy by volume." |
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