Page 3 of 3 FirstFirst 123
Results 21 to 26 of 26

Thread: Buying a Factory SBR

  1. #21
    Join Date
    Jan 2011
    Posts
    43
    Feedback Score
    0
    Thanks! Meridian is great so far. It's actually pretty hard to find a place to shoot around here though.

    Ordered the rifle, but now the wait begins...and I haven't even begun the NFA paperwork yet since my dealer hasn't got the weapon in yet. Sigh.

    Second question is whether or not a trust is a good idea. The store is pushing me towards a $450 trust lawyer here, which I'm not 100% sold on. The CLEO here will sign off on an SBR, so what is the great benefit of having a trust? I just don't want to chance getting in trouble due to a legality in the trust paperwork.

  2. #22
    Join Date
    Oct 2011
    Location
    TX
    Posts
    165
    Feedback Score
    9 (100%)
    Do you plan on owning more NFA items in the future, avoid fingerprinting/photo process, and allowing other people to use your NFA items in your absence? If not its a waste of money.

  3. #23
    Join Date
    May 2010
    Location
    midwest
    Posts
    8,217
    Feedback Score
    4 (100%)
    Quote Originally Posted by Navymid2011 View Post
    Thanks! Meridian is great so far. It's actually pretty hard to find a place to shoot around here though.

    Ordered the rifle, but now the wait begins...and I haven't even begun the NFA paperwork yet since my dealer hasn't got the weapon in yet. Sigh.

    Second question is whether or not a trust is a good idea. The store is pushing me towards a $450 trust lawyer here, which I'm not 100% sold on. The CLEO here will sign off on an SBR, so what is the great benefit of having a trust? I just don't want to chance getting in trouble due to a legality in the trust paperwork.
    With a trust, any of the named trustees can have possession of the weapon. Otherwise, you have to be there when anyone else shoots it. Additionally, it would make succession or inheritance a simpler matter. For me, there was no great benefit in having a trust so I elected to save the $500 and go the individual route. It took some driving around to get all the pieces put together...fill out the form, go get the passport photo, then drive over to the jail and get printed, then swing by the Sheriff's office and get the forms signed, then stop by the post office.

  4. #24
    Join Date
    Jan 2011
    Posts
    43
    Feedback Score
    0
    If I end up getting a trust down the road, could my previous NFA weapons be put into the trust, or is that a PITA?

  5. #25
    Join Date
    May 2011
    Posts
    110
    Feedback Score
    0
    Quote Originally Posted by Navymid2011 View Post
    If I end up getting a trust down the road, could my previous NFA weapons be put into the trust, or is that a PITA?
    I believe that you must go through the trasfer process with another $200 stamp to move your individually registered NFA weapons to your trust.

  6. #26
    Join Date
    Sep 2009
    Location
    Barre, VT
    Posts
    7,148
    Feedback Score
    94 (100%)
    Correct, the transfer from you to the trust will be $200 and the wait. With the trust you can change trustees at a later date, adding and removing as necessary. My wife and son are trustees with me.
    "Real men have always needed to know what time it is so they are at the airfield on time, pumping rounds into savages at the right time, etc. Being able to see such in the dark while light weights were comfy in bed without using a light required luminous material." -Originally Posted by ramairthree

Page 3 of 3 FirstFirst 123

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •