Gun Trusts - Everything you need to know in 6 minutes

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Күн бұрын

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@JerryDawson-t6f 9 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 9 ай бұрын

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

@carlhamilton6628 Ай бұрын

@@BlackFlagArmory can you name it fuck ATF trust?

@evayluismendoza4222 8 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 8 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.

@NationalGunTrusts 6 ай бұрын

Great video! Very well explained, great job Eric.

@BlackFlagArmory 3 ай бұрын

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

@58Alpha 2 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?

@genehinders9639 7 ай бұрын

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

@REF49 7 ай бұрын

Just NFA

@DJKittrell 7 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.

@jovanhardy1591 2 ай бұрын

Would having a trust help speed up the NFA process?

@simpsonbenjamin 16 күн бұрын

Individual is usually faster.

@fixerupperer 4 күн бұрын

The current quick approvals on suppressors you've probably heard about dont apply to trusts. A disadvantage in the short term.

@klc1975 10 ай бұрын

Good stuff, Eric-thanks!

@BlackFlagArmory 10 ай бұрын

Thanks for watching!

@lmichel75 8 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 8 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 2 ай бұрын

Can beneficiaries be added after the trust has been created?

@fixerupperer 4 күн 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

@brendanstauffer3634 9 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 9 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 9 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.

@nataliecastaneda541 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