MEga,
PM sent on a question.
MEga,
PM sent on a question.
Late to the game, but schedule A and approved...
Remember, the Founding Fathers reason for the 2nd Amendment... to combat tyranny. Sadly, when people discuss the 2nd Amendment, the opponents erroneously think it was meant to stand alone... it HAS a preamble:
"...But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security..."
— John Hancock
Does it matter if the Schedule A contains the lower to be SBR'd when you send it into the BATFE? In other words, SBR lower assigned to Schedule A before sending paperwork, after receiving returned paperwork, or it doesn't matter?
Also, does the Trust have to have possession of the upper or does just the lower go into the Trust?
I am debating on forming a trust to hold all of my firearms or just the NFA items.
Owner/Instructor at Semper Paratus Arms
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Master Armorer/R&D at SIONICS Weapon Systems- http://sionicsweaponsystems.com
For example, my wife and I are the trustees for our RLT trust. Schedule A is the property that we jointly own that we are placing into the trust. Schedule B is the property that I own by myself that I am placing into the trust, and Schedule C is the property my wife owns that she is placing into the trust. If there were more trustees, then obviously, there would be D, E, F, etc.
Best I can understand it, these schedules are important in that should I ever revoke the trust, they articulate who owns said property now that the trust no longer does.
My Schedules B and C are blank.
Also, after studying this a little more, I think I see the issue. In one of the first parts of the trust where the trust is basically defining/naming itself, my trust says something like, "...property in Schedules A, B, and C will be known as trust property..." Thus, if your trust only mentions the use of "Schedule A," then you only need Schedule A. If it mentions other schedules, then you need to include them with the Form 1 or 4, so that the NFA has the trust "in its entirety."
Hope this help some folks. It has cost me at least another few weeks processing time. But now I know better.
Hang up and drive.
Luke 22:35-38
I am wondering about all you would be NFA lawyers. Who do you think will pay the price if the BATF approves one of your forms by accident and later discovers a mistake in your self drawn up quickin trust. You will then be in illegal possession of class 3 weapons. Do you trust the guberment that much. Perhaps you all do your own taxes as well even if you own a business. We all know how forgiving the IRS is with US citizens.
These are big toys guys that you will spend tons of money on over time. Protect yourself an pay someone ONE TIME that does this for a living. Just saying. Good luck.
P.S. I am not a lawyer.
All tyranny needs to gain a foothold is for people of good conscience to remain silent.
Thomas Jefferson
Please keep your dumb comments to yourself. I highly doubt they will "accidentally" approve it since the BATFE has been told to scrutinize them. I have had at least 4 approvals on my Trust and it was created with Willmaker. Unless you live in a state that has wonky laws it shouldn't be an issue. In fact, I think one of our members did a comparison between a lawyer drawn up one and a Quicken one and they were virtually identical.
Owner/Instructor at Semper Paratus Arms
Facebook: https://www.facebook.com/SemperParatusArms/
Semper Paratus Arms AR15 Armorer Course http://www.semperparatusarms.com/cou...-registration/
M4C Misc. Training and Course Announcements- http://www.m4carbine.net/forumdisplay.php?f=141
Master Armorer/R&D at SIONICS Weapon Systems- http://sionicsweaponsystems.com
Some how I knew you would get pissed about this fact. Its not dumb, read SAR. call the ATF. Its pinheads too cheep to pay pepople to do it right that slows it all down. This is a fact. There are other NFA boards that know one hell of a lot more on this topic than anyone here that say the same thing. Sorry if facts hurt.
All tyranny needs to gain a foothold is for people of good conscience to remain silent.
Thomas Jefferson
I did lot of research on this site before I did my NFA trust on willmaker. If I remember right, it is the responsibility of BATFE to determine if the trust is correct. If they approve a transfer to a trust that is invalid in some way, the trustee can not be held responsible for the mistake of the BATFE. I will look for the thread that I found this info in and link if possible.
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