Originally posted by Throwin' Darts
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Suppressor - trust vs individual
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Originally posted by BrianL View PostYes, but it is really a one time deal, since next time everyone you added to the trust will have to go thru the fingerprint etc, or you can have multiple trusts but that could get confusing.
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Originally posted by BrianL View PostYes, but it is really a one time deal, since next time everyone you added to the trust will have to go thru the fingerprint etc, or you can have multiple trusts but that could get confusing.
Set your trust up right and it should be easy.
Smart lawyers have figured this stuff out... that's what I paid Jim Willi for and he took care of me in spades.
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Originally posted by meltingfeather View PostAll you have to do is remove them as resonsible persons from the trust for the duration of the application and add them back later if you choose.
Set your trust up right and it should be easy.
Smart lawyers have figured this stuff out... that's what I paid Jim Willi for and he took care of me in spades.
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Originally posted by meltingfeather View PostWhat is your wife supposed to do if you die? Do you also not have life insurance because it's not a benefit to you?
But thanks for letting me know how those much more sophisticated than I feel about the topic.
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Originally posted by bigdaddy590 View PostWell mister high-and-mighty she can do whatever she pleases with it. Throw it in the lake, chop it up etc. I can guarantee she wont want it.
But thanks for letting me know how those much more sophisticated than I feel about the topic.
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Originally posted by BrianL View PostThat would only work if no one in the trust already had suppressors under the trust. There are 5 of us, and 4 have possession of different ones at all times
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If you're leveraging a single trust to cover 5 individuals and multiple suppressors and would rather all get fingerprinted as the trade-off, by all means get after it.
What was your point again?
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Originally posted by meltingfeather View PostIt works for me every time.
If you're leveraging a single trust to cover 5 individuals and multiple suppressors and would rather all get fingerprinted as the trade-off, by all means get after it.
What was your point again?
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Originally posted by BrianL View PostPoint is, i wouldn't think most can remove people from the trust to get around being printed, unless those trustees brought back all suppressirs in their possession under the current trust.
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If you'd said it wouldn't work for you, I'd have said you're probably right. If it's easier to get everyone fingerprinted, have at it.
You said it won't work, which is incorrect-- it works perfectly for me.
Having split enough hairs, I'm moving on.
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Originally posted by Greenheadless View PostSo, for a guy that is single, has no heirs, and doesn’t plan on loaning out their suppressor to anyone and plans to be with anyone other than themselves when it is in use, what is the advantage of the trust?
You have to remember these are generally lifetime purchases. Let's just say you do them as an individual under your current circumstances & life changes, meet soulmate, etc. Unless I'm not understanding correctly, you would then have to pay $200 per nfa item to get them to a trust later vs. making an addendum, having them already on a trust at no cost.
Setting up a trust now is worth it IMO...hopefully someone can confirm my assumptions.
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I'm not going to convince you of anything...you want to let the state handle bidding & do all the settling of your affairs, that is fine with me as well.
I have no skin in the game...you already have my scenario to consider otherwise. You are not talking about any significant amount of $$$$ of trust vs individual.
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