Thread: Trust
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Old 11-28-2012, 18:07   #5
JBnTX
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Join Date: Aug 2008
Location: Texas
Posts: 14,675
Quote:
Originally Posted by RWBlue View Post
I did the Google thing before I posted. The real question is, what is the down side.

I found out the down side to the Corp rout is when you move out of state and want to add to the collection.

I expect to continue to move every 3-5 years for the next 20 or so. Will my trust move with me?

What states can I not use a trust to own NFA items in?

And any other down side.

Based on what I have seen I think a trust should be an easy document for a lawyer. Heck, I think I could do it based on what I have read on the internet and I am not a lawyer.
Trust laws are different in each state, and some states don't even allow full auto weapons. I might be wrong, but I think moving that often with auto weapons just might be more trouble than it's worth.

All I can suggest is that you talk to a good NFA firearms lawyer. Not just any lawyer, but one who knows automatic weapons laws and trusts.

The lawyer that did my trust owns several automatic weapons himself and is well versed in NFA law. But, his trust knowledge applies mostly to Texas.
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