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by TangoX-ray
Thu May 05, 2016 12:33 pm
Forum: General Gun, Shooting & Equipment Discussion
Topic: Question on NFA Trust signature
Replies: 15
Views: 2850

Re: Question on NFA Trust signature

ScottDLS wrote:(Backstory and good information)
I did not know it could be done with a single-member Texas LLC. Thanks for relating your experience.
by TangoX-ray
Thu May 05, 2016 7:34 am
Forum: General Gun, Shooting & Equipment Discussion
Topic: Question on NFA Trust signature
Replies: 15
Views: 2850

Re: Question on NFA Trust signature

ScottDLS wrote:
dhoobler wrote:Relating to NFA trusts, when one moves, must you have a lawyer amend the trust with the new address, or can you just report your new address to the BATFE?
BATFE doesn't care unless you move to another state, however you may want to speak to your trust attorney about other reasons to update the trust. Mostly I suppose the Trustee should be notified, unless it's a self settled and revocable trust in which case you'd likely notify yourself.

I really think a LLC is easier in the long run as an entity for holding NFA firearms. It's a little more expensive to create one and there are very minimal annual filing requirements, but is considerably more flexible than a trust.
Scott, could you elaborate a little more on the LLC? I'm leaning this way over a trust.

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