NFA Trust or One shot trust?

[shotgun 01]

OK, so back 10 years ago I set up a NFA trust with my wife and two sons included. I am looking to buy a new can and don't want to put everyone through the hassle of creating an account and fingerprinting. I talked to a Silencer Shop rep the other day that told me it wasn't a good idea to amend my trust to delete and then add back on my wife and sons, as it could throw a red flag. He said everyone on the trust needed an account that would then be merged into my trust account. Sounds like a PITA. Should I just do the "one time" trust to make it simple? If I do, can I later put it into my regular trust?
Any input is appreciated.

 

[Spas-12 Owner]

My trust is set up for easily removed or added people on to it. The attorney who set up your trust will know how yours is set up.

I just did individual on my can, as my wife and girls don't shoot w/o me, so it made sense and usually has a faster approval time.

 

[rockyfatcat]

As I recall I had the same issue. The answer was to change/make an additional page to the trust saying that I was the only one on the trust. Submit the paperwork. After the item is in your possession that additional page can disappear.

 

[Please Delete]

OK, so back 10 years ago I set up a NFA trust with my wife and two sons included. I am looking to buy a new can and don't want to put everyone through the hassle of creating an account and fingerprinting. I talked to a Silencer Shop rep the other day that told me it wasn't a good idea to amend my trust to delete and then add back on my wife and sons, as it could throw a red flag. He said everyone on the trust needed an account that would then be merged into my trust account. Sounds like a PITA. Should I just do the "one time" trust to make it simple? If I do, can I later put it into my regular trust?
Any input is appreciated.

can always add people to the one shot trust as well.

 

[shotgun 01]

As I recall I had the same issue. The answer was to change/make an additional page to the trust saying that I was the only one on the trust. Submit the paperwork. After the item is in your possession that additional page can disappear.

That is exactly what I thought. Heavy D did my trust nine years ago, and I remember discussing that with him. The guy at Silencer Shop said that wasn't a good idea to delete and add people. Heck, it's not like I buy a lot of stuff.
With my trust there is a form listed "Change of Beneficiaries". Do I fill that out and submit it with the trust to Silencer Shop? If so, how do I add them back on after approval?
If I do the single shot trust, how do I add them to it?

 

[Spas-12 Owner]

That is exactly what I thought. Heavy D did my trust nine years ago, and I remember discussing that with him. The guy at Silencer Shop said that wasn't a good idea to delete and add people. Heck, it's not like I buy a lot of stuff.
With my trust there is a form listed "Change of Beneficiaries". Do I fill that out and submit it with the trust to Silencer Shop? If so, how do I add them back on after approval?
If I do the single shot trust, how do I add them to it?

Don't do a single shot trust if you already have a trust brother.

Contact Heavy-D and he could walk you through the process but I bet in your paperwork the answer is there.

 

[Please Delete]

That is exactly what I thought. Heavy D did my trust nine years ago, and I remember discussing that with him. The guy at Silencer Shop said that wasn't a good idea to delete and add people. Heck, it's not like I buy a lot of stuff.
With my trust there is a form listed "Change of Beneficiaries". Do I fill that out and submit it with the trust to Silencer Shop? If so, how do I add them back on after approval?
If I do the single shot trust, how do I add them to it?

MIGHT be easier to file as an individual...and pay the $200 to xfer to your trust later IF the big beautiful bill doesn't pass.

 

[spencer60]

Filing as a trust is still a long, drawn out process from what I understand. You probably won't see the fast turnarounds that individual forms are getting.

 

[shotgun 01]

Been digging through the trust and found another amendment that makes me the sole trustee. That looks like the form that I need, but I don't know what to do with it. Probably have to make a call tomorrow.

 

[Spas-12 Owner]

Filing as a trust is still a long, drawn out process from what I understand. You probably won't see the fast turnarounds that individual forms are getting.

It's 4 days difference in approval from individual vs trust according to the ATF posted wait times, if E filing.