ATF 41F and You....

[Southpaw]

Ok, thanks Scott. Thought so but then after reading a few more posts I wasn't sure.

 

[locke_n_load]

It really is that simple. You could add extra digits to the trust name to help keep them semi-sorted for filing purposes. CHARLIE NFA TRUST1, CHARLIE NFA TRUST2, etc.

I would suggest maybe CHARLIE 1 NFA TRUST instead of TRUST1 - as the word "Trust" tells you what it is and may have the legal implication.

 

[SC-Texas]

Revocable is the way to go

This is not silencerGeddon.

We will still be purchasing suppressors and short barreled rifles after July 13th

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[SC-Texas]

BOA will notarize for free but they won't witness. They will go out on the line in the lobby and ask random customers to come into the office to sign as the witness. Weird.

Why would you need a witness for a trust in Texas?

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[SC-Texas]

How do you notarize though?

Generally banks are where you get stuff notarized. I don't know

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[SC-Texas]

And remember, the notary only has to see the page you sign, the rest of it is none of their business (they are just verifying your identity).

Lots of notaries forget that they are not lawyers and want to read the document and comment on it.

They do not need to read it.

They're only function, and you might have to remind them of this, is to notarize your signature and confirm that you are who you say you are.

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[diesel1959]

Yep, the notary has no need to read the document, but they do need to know something basic about what the document is so that they know what type of notarization to perform, and so that they can log it into their notary book (refer to https://www.nationalnotary.org/notary-bulletin/blog/2015/04/5-steps-proper-notarization ). I find it best to work with the same notary each time so that there is a minimum of confusion and it's just zip zip zip done.

 

[Tejano Scott]

This is not silencwrGeddon.

We will still be purchasing suppressors and short barreled rifles after July 13th

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Amen Brother Sean, preach!



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[35Remington]

I thought a trust would fail if the Grantor was the only Trustee and there were no named Beneficiaries?

 

[Tejano Scott]

You can name all the beneficiaries you want, they are NOT considered Responsible Persons. Therefore beneficiaries will not need to submit fingerprints, photo, or CLEO notice. The above posts are recommending limiting the number of trustees, since they are considered RPs.

 

[Pachucko]

You can name all the beneficiaries you want, they are NOT considered Responsible Persons. Therefore beneficiaries will not need to submit fingerprints, photo, or CLEO notice. The above posts are recommending limiting the number of trustees, since they are considered RPs.

It sounds like I actually need to READ my trust.

I have no clue what my family are listed as.

 

[Tejano Scott]

The trust will essentially discuss 3 types of people. Settlors (who create the trust); Trustees (whom the trust appoints to carry out certain functions); and Beneficiaries (who inherit).

 

[benenglish]

Why would you need a witness for a trust in Texas?

I'd have to ask a lawyer...

Seriously, though, the witness wasn't for a trust. The bank simply required a witness signature on everything they notarize but they wouldn't let a bank employee do the witnessing. We had to provide one. Since we didn't bring a third party, they went out and dragged in a customer who was waiting in line.

 

[SC-Texas]

I'd have to ask a lawyer...

Seriously, though, the witness wasn't for a trust. The bank simply required a witness signature on everything they notarize but they wouldn't let a bank employee do the witnessing. We had to provide one. Since we didn't bring a third party, they went out and dragged in a customer who was waiting in line.

I'm sorry, that isnot the bank's call. You should have taken that notaries name and reported her to the notary board

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[Mexican_Hippie]

Revocable is the way to go

This is not silencerGeddon.

We will still be purchasing suppressors and short barreled rifles after July 13th

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Yeah, but I won't be happy about it!

Ha ha

 

[HKShooter65]

The people who have observed that the coming changes will improve things have oft been shot down in flames.

The silencershop fingerprint scanning kiosks are a sigh that the changes in the law might just make NFA applications better!!!
http://t.lt02.net/q/f5HFV6iGjl8v40BQFydwAUlduyci6H9aH4WEzyAvsZxPAvXQRzhInBXS0

http://blog.silencershop.com/atf-41f-is-not-the-end/

Those whom choose to embrace rather that oppose change will win in the long game.

 

[Tejano Scott]

There is no embrace for most folks because we know what the camel does when it gets its nose under the tent.


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[locke_n_load]

The people who have observed that the coming changes will improve things have oft been shot down in flames.

The silencershop fingerprint scanning kiosks are a sigh that the changes in the law might just make NFA applications better!!!
http://t.lt02.net/q/f5HFV6iGjl8v40BQFydwAUlduyci6H9aH4WEzyAvsZxPAvXQRzhInBXS0

http://blog.silencershop.com/atf-41f-is-not-the-end/

Those whom choose to embrace rather that oppose change will win in the long game.

The inability to submit eforms, getting passport photos and fingerprints (even at a Kiosk) for every single person, and the reality that BATFE will be doing background checks and processing for everyone, makes me believe that 41F will definitely NOT make NFA applications better.

Heading back to year long waits. Trust me.

 

[Tejano Scott]

I'm not sure what to expect on wait times. I'm positive the pre41f Rush will probably significantly impact current wait times (which are approx 6 months). But if even half of the folks who claimed "never again" actually never purchase again after 41f, I wonder if we might see the times go down. Then I read posts like yours and can't disagree with that logic either.


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[35Remington]

You can name all the beneficiaries you want, they are NOT considered Responsible Persons. Therefore beneficiaries will not need to submit fingerprints, photo, or CLEO notice. The above posts are recommending limiting the number of trustees, since they are considered RPs.

My question said nothing about RPs and was not intended to reference the RP discussion. I was commenting on someone else's suggestion to create a new trust with the Grantor and only the Grantor on it. I don't think that is legit and I think that trust will fail. There must be more than one person on a trust, even if that second person is just a Beneficiary. That is my understanding but I'm hoping someone with legal knowledge can clear it up.