Thread: NFA Talk
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Old 02-16-2013, 07:20 AM   #84
Serbonze
Master of his domain.
 
Join Date: Feb 2003
Location: In my house
Posts: 2,067
My Ride: My wife
Quote:
Originally Posted by M3_POWER View Post
Thinking about getting the ball rolling on an SBR.

Quick question to you all, why didn't you guys get a CLEO to sign off for your stamp instead of paying for a trust?
Tailo will tell you that a Trust may get rejected down the line by the ATF. My opinion is that you use a qualified, well established lawyer and there will be no issues. For me, the benefits of a trust far outweigh those of CLEO signature. I took this from someone else and modified it a bit because I'm lazy, but here is a good breakdown.

CLEO
You have to set up appointments with CLEO (who may refuse to sign anyway, like mine).
There is additional paperwork, photographs, and finger prints!
The CLEO is an elected official. If he gets voted out, the next CLEO may not sign.
You have to meet with the CLEO each and every time to get sign off.
You as an individual own it and no one else can possess it out of your presence.
Police now know exactly what you possess.


Trust
There is less paperwork and less time for each item that you add.
You donít need to meet with the CLEO every time you want to send in a Form 1 or Form 4.
It is easy to pass along NFA items to family members upon your death.
Co-Trustees can possess and use the NFA items outside of your presence.
No one but the ATF and your Co-Trustees know what NFA items that you possess.

Trusts usually cost less than the $200 Tax Stamp and are a one time expense. As long as you use a reputable attorney and work with them to tailor the trust to your needs you will be fine. The cases that I have heard of trusts being rejected by the ATF were from guys that used Willmaker and created their own trusts using their own language.
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