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Old 06-10-2021, 09:57 PM   #1
BTLowry
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Default Gun Trust question

Does a limited trustee equate to a responsible person when purchasing an NFA item?
In my case "limited trustee" only has right to possess and/or transport property in the trust. Cannot buy or sell
I am under the impression that they do but I recently read where someone bought an item and thy were the only one (assuming they were settlor) required to submit photo and fingerprints

Wondering if I am wrong or they could potentially get in a bind down the road.

Pretty sure I can get an answer here
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Old 06-10-2021, 10:28 PM   #2
sir shovelhands
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In mine I am referred to as the primary trustee/settlor, and my powers are spelled out. The co-trustees only power spelled out is to possess and care for each item of property.
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Old 06-11-2021, 06:26 AM   #3
BTLowry
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Originally Posted by sir shovelhands View Post
In mine I am referred to as the primary trustee/settlor, and my powers are spelled out. The co-trustees only power spelled out is to possess and care for each item of property.
Pretty much the same as mine but I have not found clarification as to what defines "responsible person"

Sean Cody wrote trust, I don't know of anyone carrying on his practice.
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Old 06-11-2021, 08:50 AM   #4
TX03RUBI
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Unfortunately it’ll depend on the way the trust is worded as to their abilities or responsibilities. Personally I’d consult an attorney such as Jim Willi. He has taken on many of Sean’s customers.
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Old 06-11-2021, 02:14 PM   #5
BTLowry
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Thanks for the info. Guess I will contact Mr Willi and see what he can tell me
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Old 06-11-2021, 02:47 PM   #6
kmitchl
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Originally Posted by BTLowry View Post
Does a limited trustee equate to a responsible person when purchasing an NFA item?
In my case "limited trustee" only has right to possess and/or transport property in the trust. Cannot buy or sell
I am under the impression that they do but I recently read where someone bought an item and thy were the only one (assuming they were settlor) required to submit photo and fingerprints

Wondering if I am wrong or they could potentially get in a bind down the road.

Pretty sure I can get an answer here
My understanding is after July 2016 the limited trustee thing no longer works. I too had one of Sean's gun trust. After that time anyone with the right to possess a NFA item is considered a responsible person. If they are listed in the trust when submitted to the ATF you will have to submit the questionnaire, finger prints and passport photo. If you are the only trustee on your trust then you would need to submit only your info when applying for a tax stamp. I paid $79 and had my trust redone by texas-gun-trust.com. So far they have been very helpful. Their system is pretty automated so the turnaround is frequently less than ten minutes.
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Old 06-11-2021, 03:16 PM   #7
BTLowry
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Mr Willi answered my question
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Old 06-11-2021, 03:33 PM   #8
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Mr Willi answered my question
Jim is awesome, and extremely responsive. One of the few guys I enjoy recommending.
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Old 06-11-2021, 03:58 PM   #9
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Mr Willi answered my question
Care to share the answer?
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Old 06-11-2021, 06:08 PM   #10
BTLowry
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Originally Posted by kmitchl View Post
Care to share the answer?
Pretty much what you posted before I did

All persons listed as trustees no matter the classification are required to submit documents
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Old 06-11-2021, 06:33 PM   #11
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Originally Posted by kmitchl View Post
Care to share the answer?
Texas-Gun-trust.com and Guntrustguru.com are both Jim Willi.
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Old 06-11-2021, 07:02 PM   #12
kmitchl
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Originally Posted by BTLowry View Post
Pretty much what you posted before I did

All persons listed as trustees no matter the classification are required to submit documents
Thanks. Just wanted to make sure I was on the right page.
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Old 06-12-2021, 12:14 AM   #13
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Originally Posted by TX03RUBI View Post
Unfortunately itíll depend on the way the trust is worded as to their abilities or responsibilities. Personally Iíd consult an attorney such as Jim Willi. He has taken on many of Seanís customers.


Please share Jimís contact, if not here via PM. Sean did my trust so I would like someone familiar with his work.
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Old 06-12-2021, 06:58 AM   #14
BTLowry
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Originally Posted by bboswell View Post
Please share Jimís contact, if not here via PM. Sean did my trust so I would like someone familiar with his work.
Quote:
Originally Posted by TX03RUBI View Post
Texas-Gun-trust.com and Guntrustguru.com are both Jim Willi.
I emailed him yesterday afternoon and phone was ringing within 10min. I was impressed for a Friday afternoon.

Real nice to talk to and I will most likely have him work on my trust after I get through the current purchase.
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Old 06-12-2021, 12:01 PM   #15
TX03RUBI
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please share jimís contact, if not here via pm. Sean did my trust so i would like someone familiar with his work.
(512) 751-3229.
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Old 06-12-2021, 12:04 PM   #16
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Originally Posted by BTLowry View Post
I emailed him yesterday afternoon and phone was ringing within 10min. I was impressed for a Friday afternoon.
Iíve stayed up sipping whiskey with Jim on a few occasions until 1-2 am in Vegas, only for him to return to his room and start on all the work he had from the day. He wouldnít go to sleep until he had all the trusts handles from that day, and would be back on the floor by early morning. Very knowledgeable, very responsive, and great service.
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