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Thread: Is there any real benefit to using a trust if the CLEO will sign?

  1. #21
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    I use assignment sheets instead of a schedule A. I just send in an assignment sheet for each purchase I make. No "running list" is sent in each time. It only has the items ON THAT PURCHASE. No notarization required, been approved every time.
    Last edited by RAM Engineer; 04-20-11 at 08:25.

  2. #22
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    Quote Originally Posted by Iraqgunz View Post
    You took this out of context. He sends the ENTIRE trust again with the new Schedule A. But, he doesn't get it notarized again. Neither have I and it has been approved every time.
    Thanks.

    Blankety blank 'context' things.
    former cat herder

  3. #23
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    NFATracker shows individual routes taking about 30 days more than Trust methods. Here's a link for Willmaker that's even less than $10--worked perfectly for me. No call from the examiner and 94 days sent-received.

    http://cgi.ebay.com/Quicken-WILLMAKE...item53e72f9b85

    This method has worked for several of my "Stamp Collecting" friends as well. SBRs, MGs, Silencers.
    Last edited by LMTRocks; 04-20-11 at 12:15.
    30 caliber junkie.

    God Bless America.

  4. #24
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    I found a lawyer through a Class 3 dealer in SC that did my trust for $195.00

  5. #25
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    I decided to have my CLEO sign all 4 of my forms. I live in the county so it was the Sheriff that did it and he is cool. By the time I went in for my 4th he just had me drop off the form to be signed and I picked it up in the afternoon when I got finger printed. The biggest cost surprise has been the finger printing, I have spent a 120 dollars on finger printing alone.

    I feel a big advantage to owning as an indivual is that YOU own it and not the trust.

    There were rumors on Silencer talk of eliminating CLEO signoff. My CLEO didn't know me from Steve but he was able to look me up and down shake my hand/look me in the eye and all the stuff. That whole step is a wee bit outdated. I just hope that if they start changing rules like that we don't stir the bee's nest and other things start changing that would negatively effect title II ownership.

    ETA: clown shoes on my part
    Last edited by rushca01; 04-20-11 at 14:31.

  6. #26
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    Quote Originally Posted by rushca01 View Post
    Where the advantage of this comes into play is IF the BATF ever decides trusts and corps/llc etc.. are not longer alowed to own title II guns

    That would require an new law passed by congress and signed by the president and that isn't going to happen. The ATF cannot decide to put an end to trusts or corps.

    It is specifically written in the NFA of 1934 that individuals, trusts, or corps can own NFA weapons.
    Last edited by scottryan; 04-20-11 at 14:21.
    "Not every thing on Earth requires an aftermarket upgrade." demigod/markm

  7. #27
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    Quote Originally Posted by scottryan View Post
    That would require an new law passed by congress and signed by the president and that isn't going to happen. The ATF cannot decide to put an end to trusts or corps.

    It is specifically written in the NFA of 1934 that individuals, trusts, or corps can own NFA weapons.

    I stand corrected, thanks for the clarification. I "thought" this was something that was allowed under current BATF "interpretation" of the law and could change at the BATF level.

  8. #28
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    Quote Originally Posted by Iraqgunz View Post
    I have not had to notarize when my Schedule A when I have added new items and BATFE has approved it every time.

    I am just using my state as an example.

    A trust also makes it easy if you want other to have access to your stuff when you aren't around.
    Wouldn't you have to get it notarized after the approval. You technically can't own the item until after you are aproved to do so.

  9. #29
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    Quote Originally Posted by LMTRocks View Post
    NFATracker shows individual routes taking about 30 days more than Trust methods. Here's a link for Willmaker that's even less than $10--worked perfectly for me. No call from the examiner and 94 days sent-received.

    http://cgi.ebay.com/Quicken-WILLMAKE...item53e72f9b85

    This method has worked for several of my "Stamp Collecting" friends as well. SBRs, MGs, Silencers.
    Bought it, thanks Looking to get an sbr later this year.

  10. #30
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    Quote Originally Posted by Inkslinger View Post
    Wouldn't you have to get it notarized after the approval. You technically can't own the item until after you are aproved to do so.


    Yes, this is true and why you have to get it notarized in some states every time you get a new item.

    This is the case in Nebraska, and this why it is easier to get an LLC in Nebraska and pay $15 a year to keep it in good standing, instead of passing around papers that list all the MGs, DD, Silencers, etc that you own to people who have no business looking at it.

    Other states might be different.
    Last edited by scottryan; 04-20-11 at 22:16.
    "Not every thing on Earth requires an aftermarket upgrade." demigod/markm

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