I just don't get the purpose of a specific trust just for NFA items. I own 3 which I got when CLEO signature was required on the Form 4 for individual owners. Back then, if I couldn't get sign off THEN I would have created an entity. Now that it is no longer required I see no reason for an entity to own my NFA items. I already have a will and testamentary trust that will handle the items upon my death. If my brother in law wants to shoot my NFA stuff then we can go to the range together. Theoretically I could temporarily loan my NFA item to someone in Texas and they could have it without breaking any state laws. The Feds could make an argument that I unlawfully transferred it to someone else, but I'm not staying awake at night worrying about that any more than I am driving through a school zone without LTC from the state I'm in.
I don't have entities to own any of my non-NFA guns either, though it's possible. Your LLC or trust or corporation can even buy a gun from a FFL, though you will still get a NICS check or have to show your LTC to take possession on behalf of your entity.
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- Tue Apr 11, 2023 5:41 pm
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