Gun Trusts - Everything you need to know in 6 minutes

Рет қаралды 21,909

Күн бұрын

Пікірлер: 37

@JerryDawson-t6f 11 ай бұрын

Great concise summation Eric. Something to keep in mind when naming your trust, is that if SBR's are in your future, you are required to engrave your trusts name on your SBR (if you put it together yourself [form 1]). So a really long name can be a disadvantage.

@BlackFlagArmory 11 ай бұрын

True, but if you pick that name right, it could also be hilarious to see on your gun each time, haha

@carlhamilton6628 3 ай бұрын

@@BlackFlagArmory can you name it fuck ATF trust?

@klc1975 Жыл бұрын

Good stuff, Eric-thanks!

@BlackFlagArmory 11 ай бұрын

Thanks for watching!

@NationalGunTrusts 8 ай бұрын

Great video! Very well explained, great job Eric.

@BlackFlagArmory 5 ай бұрын

Thank you! We're big fans of your work!

@58Alpha 4 ай бұрын

Does anyone go over the Trust Paperwork and how to fill it out? Do I really need a witness and a notary stamp?

@keithjones818 Ай бұрын

Just a guick question, I have a suppressor in my name, how do I change it to a trust and put my son & a couple of friends on it.

@evayluismendoza4222 10 ай бұрын

what do you recommend? i want to get a gun trust and dont have an NFA item, but would build one later one. should i get a gun trust now? or wait to when i buy or build an NFA item?

@joescopo8933 10 ай бұрын

If you acquire a title 2 weapon (NFA item) as an individual, then later on decide to transfer that item into a trust, you would need to fill out a form 4 and pay the $200 tax again. So you're better off getting a trust setup first, then going through the ATF background check. That way, you only pay the tax once.

@prairiefarmer5994 21 күн бұрын

Depending where you buy the NFA item through, you may get a trust for free with it. SilencerCentral set one up for me for free when I bought some stuff.

@nataliecastaneda541 3 ай бұрын

Notary here, I can't shake the idea that this type of trust leaves the original owner open to liability. Thinking of future worst case scenarios; does the responsibility spread to all in the trust if /when the device is used in an illegal act? Is this a clause that's included? I'm curious, as I'm notarizing one soon

@pfdelta9262 Ай бұрын

No, the fault lies with the person committing the crime.

@brendanstauffer3634 11 ай бұрын

What if you sbr a rifle then a year down the road you decide to do a gun trust, can you add the gun to the trust?

@waynewilhelm1199 11 ай бұрын

I believe you do have to do an additional transfer via form 4 and pay the $200 tax stamp to transfer it from individual to the trust

@BlackFlagArmory 11 ай бұрын

Yep, already answered here, but that is correct. You can transfer it into the trust without ever giving up possession of the item, but it will cost you another $200 tax stamp to do that.

@REF49 9 ай бұрын

Thanks, best explanation anywhere!

@azntactical6487 15 күн бұрын

John Doe (Settlor and Trustee) has 1 NFA item on 1 NFA Trust and wants to get out of it because his career is bringing him to Cali in 2 weeks. Can John Doe amend the Trust to add Bob Smith as Co-Trustee? Then amend it again to remove John Doe as Trustee? This would leave him (John Doe) as Settlor but Bob Smith as the lone Trustee.

@lmichel75 10 ай бұрын

When creating a gun trust with intention to name family members and beneficiaries, does it have to be created by any specialized lawyer?

@BlackFlagArmory 10 ай бұрын

No, any attorney has the ability to create the trust. Whether or not they have experience with them is another matter.

@RandyP-i6e 4 ай бұрын

Can beneficiaries be added after the trust has been created?

@fixerupperer 2 ай бұрын

@@RandyP-i6eim not an expert but my understanding is that all the names on the trust can be changed except possibly the primary. Thats a major advantage. Changes would likely cost some lawyer/notary money

@genehinders9639 9 ай бұрын

Would you suggest just using the Trust for NFA items or all rifles and handguns one may own?

@REF49 9 ай бұрын

Just NFA

@DJKittrell 8 ай бұрын

You can put everything in it. If you have a sizable collection or high value items it ensures those go to the right people without any hassle and they'll never end up in probate.

@AkumaQiu Ай бұрын

Can you set up a gun trust after you buy an item? Or does it need to be before you purchase?

@Ryan.Willis Ай бұрын

You can set it up afterwards but you will have to purchase additional stamps to transfer NFA items into the trust. For non NFA firearms a simple bill of sale from the individual to the Trust.