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John Wells

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Posts posted by John Wells

  1. There is a change in the ATF rules being contemplated. We won't know until June what the ATF will do. Anything put in before the rule change should go through without CLEO signatures, fingerprints, of photographs. A trust can be set up at any time you like. If you have other questions about a trust, I'd be happy to talk with you about it.
  2. I just wanted to take a second and suggest that anyone who can buy their ammo from David (dlm37015).  He is a great guy and usually has a posting in the classified section.  He sold me a brick of .22LR yesterday for $23.  You simply can't beat the price anywhere right now.  Go find him at the next show he's working and support a fellow forum member.

     

     

    • Like 6
  3. I'm done. Just food for thought.

     

    I'd ask what the benefits of a trust are. But I should probably just google it.

     

    Right now, the benefits include avoiding a CLEO signoff, fingerprints and photo id submission when submitting your forms to the ATF.  These benefits are what the rule change proposes doing away with.  Currently, in order to E-File your forms, you must have a trust, corporation or LLC.   In addition, you have the estate planning benefits that a trust provides, keeping anything that the trust owns out of your probate estate.

  4. The real point here is, if you're thinking about getting a suppressor or SBR or other NFA item, you should contact me and get your trust set up.  The rules may be changing come June.  If you're not going to go the trust route, you should get your paperwork in sooner rather than later.

  5. The reasoning behind using an account in the name if the trust is so there is no question that your NFA item has always been in the name of the trust. Whoever prepared your trust should be able to provide you with a certification of your trust that the bank should accept. Even if it's not required to have a trust account to e-file, I think it's the best practice.
    • Like 1
  6. Thanks, John!

     

    Keep us posted on your findings!

     

    Okay,

     

    Sorry for the delay.  I got a chance to read this in it's entirety this morning and I didn't find anything in the text that would limit anyone other than a person that has been ruled mentally defective by a court or has been committed to a mental health institution.  There is no mention of prescriptions for anti-depressants or anything like that.

  7. From the good people at the ATF:

     

    1) On the Frame or Receiver the Serial number;
    2) on the frame, receiver, or barrel the following additional information;
       A)The model;
       B)The caliber or gage;
       C)Your name or name of the Trust in the case of a Trust (no abbreviations are permitted for the Trust name);
       D)The city and state (you can abbreviate the state with the official 2 digit state code)

    Iinformation must be engraved, casted, stamped (impressing) or otherwise conspicuously placed or caused to be engraved, cast, stamped (impressed) or placed to a minimum depth of .003 inch and in a print size of the Serial number shall be no smaller than 1/16 inch.

    • Like 1

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