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Thread: Question on Form 1's and Trusts

  1. #51
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    If listing the original manufacturer, you are essentially making it so you should remove them and the original manufacturer and replace them with your trust as the manufacturer later. Your trust is the manufacturer of the SBR and if you are going to list any manufacturer on the SchedA then it should be the correct one. Once the rifle becomes an SBR, it's an NFA weapon with a new manufacturer and the old man. doesn't have any place on the SchedA.

    Basically if you feel the manufacturer belongs on the SchedA then the correct manufacturer belongs, not the old one.

    That's the way I look at it.

  2. #52
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    Quote Originally Posted by SuicideHz View Post
    If listing the original manufacturer, you are essentially making it so you should remove them and the original manufacturer and replace them with your trust as the manufacturer later. Your trust is the manufacturer of the SBR and if you are going to list any manufacturer on the SchedA then it should be the correct one. Once the rifle becomes an SBR, it's an NFA weapon with a new manufacturer and the old man. doesn't have any place on the SchedA.

    Basically if you feel the manufacturer belongs on the SchedA then the correct manufacturer belongs, not the old one.

    That's the way I look at it.
    Are you now just trying to be obtuse? I list identifying marks. I list the identifying marks of both the original manufacturer and my trust; the same info that is on the form 1.
    I guess we'll just have to disagree on how they can be listed.

  3. #53
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    Oh, I thought you were listing all rifle lowers as you got them and then later you may chose one or more to SBR.

    I thought you were saying that maybe you'd list 5 rifles with the manufacturer's info and then later SBR three on a Form1 and figure you were covered by putting them on earlier.

    But if earlier you listed them with your trust as the manufacturer, I guess all of the info would be there once SBR'd. I just didn't assume that's what you did because to me it doesn't make sense to list your trust as the manufacturer early on before they are SBR'd.

  4. #54
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    Ok. I'm away from the computer right now but when I can, I'll post an example of what I think you are doing. You can tell me if I'm on the same page or not.

  5. #55
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    Identifying Marks Model Serial Number
    Colt/Acme RLT Skunkville FL AR15 LE123456
    Mossberg/Acme RLT Skunkville FL 590 1234567


    This is how I list them when I transfer them to the trust. I don't list anything as a manufacturer instead I use the term identifying marks. By putting both the original manufactuers identifying marks and the RLT marks on the schedule A it makes it easy for the casual(heir not familiar with NFA) observer to identify what is what since most anyone not familiar would have no idea the Acme RLT manufactures guns.

  6. #56
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    Ok. I understand.

    So you do put both manufacturer's names in when you first enter them into the ownership of the trust.

    I see why you do it but I don't quite agree with it.

    To me you (anyone) shouldn't list their trust as the manufacturer before the Form1 is approved. You technically haven't manufactured anything with your trust until the Form is back in your hands and signed, even if you engrave it with your trust's name.

    It can be owned by your trust but that's all your trust has to do with it- it's not the manufacturer.

    If this works for you and the ATF doesn't complain, keep on with this plan.

    I'm just guessing that some day an examiner is going to get a technical bug up his butt and stop you from doing it this way.

    Supposedly they are now asking for Schedule A's to see if people are updating their trusts correctly. You are getting around the updating part by doing it this way.

  7. #57
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    Quote Originally Posted by SuicideHz View Post
    Ok. I understand.

    So you do put both manufacturer's names in when you first enter them into the ownership of the trust.

    I see why you do it but I don't quite agree with it.

    To me you (anyone) shouldn't list their trust as the manufacturer before the Form1 is approved. You technically haven't manufactured anything with your trust until the Form is back in your hands and signed, even if you engrave it with your trust's name.

    It can be owned by your trust but that's all your trust has to do with it- it's not the manufacturer.

    If this works for you and the ATF doesn't complain, keep on with this plan.

    I'm just guessing that some day an examiner is going to get a technical bug up his butt and stop you from doing it this way.

    Supposedly they are now asking for Schedule A's to see if people are updating their trusts correctly. You are getting around the updating part by doing it this way.

    That is the reason I don't list "manufacurer" but instead identifying marks. They could very well change their minds at some point and decide they don't like it, but they still don't control state law which doesn't say I have to list a manufacturer as long as the serial numbers are correct that is the only thing that is truly an identifier. If they ever want me to change it, I will no questions asked since it's not a huge deal to me. It just makes life easier at the moment. I just got a form1 back last week and they had copies of everything to look at and decide, but we both know they can change their minds whenever they feel like.

  8. #58
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    The reason I probably seem argumentative to you is because you stepped in when mark or someone else was saying they put the items in the trust first. Your way seems to be the way to do that but I'd bet they don't do it that way.
    Thanks.

  9. #59
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    Quote Originally Posted by SuicideHz View Post
    The reason I probably seem argumentative to you is because you stepped in when mark or someone else was saying they put the items in the trust first. Your way seems to be the way to do that but I'd bet they don't do it that way.
    Thanks.

    No problem, we can both be that way from what I've seen in other threads

  10. #60
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    Thanks to this thread and the other similar one plus some help from a couple of my local friends, my form 1 package is on its way to WV. The wait is on.

    I did ignore some of the minor peeing contests.

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