Re: trust question
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: xtant23</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Outsydlooknin75</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: xtant23</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Goin'Hot</div><div class="ubbcode-body">I put my 4 items on the schedule A before they were "transfered to the trust". Meaning, I listed the items and S.N. that the BATFE was transfering to the trust. Everything went through without a hitch. </div></div>
<span style="font-weight: bold">+1</span> I have done my last 13 transfers this way and have yet to have a problem. You paid for it so your trust owns it you just can't take possession. </div></div>
This is fine as the trust is the one that have purchased the items. But if the item is owned individually then it shouldnt be listed on the Schedule A as the trust owning it. </div></div>
What?? I don't understand what you you are saying?
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If you already own the suppressor as original poster does it is in HIS name and recorded on the paperwork at the BATF not the trust's. When you establish a trust items like cars, boats, motorcycles, your house deed, NFA etc. anything that is recorded need's to be transfered to the trust so your car title's, house deed etc. will now be registered to the trust not you personally. Other items that are not deeded/titled/recorded etc. and have no paperwork like your kitchen sink are covered with verbage in the trust. You can stick anything in the trust you want, the above that included into trust prior to being NFA approved are fine as long as they get approved if not they take it off schedule A. There usually won't be many items on a schedule A, only items like noted above. A trust can be set up for anything and does not have to include house, vehicles etc. You can set a trust for firearms investment's or like someone posted "antique toilet's". With the inclusion 'any other investments the trustee's deem approriate' you can cover a lot of territory.
