I wasnt even going to go there. I just found the conspiracy aspect funny.
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Think about it this way, on my trust my father and I are both trustees so that we can both posess and shoot items on the trust without the other present. So why would it be illegal for him to take possession of the item from the dealer if I am the one that went in and paid for it 6 months ago? My wife is the successor trustee, so she can't as she is not an active trustee. She only becomes a trustee in the event that, say my father and I are killed at the same time in a wreck. (I'm no fool, not giving her the legal authority to sell my cans to buy more shoes!)
Do you really believe that the ATF has undercover agents sitting around with nothing better to do than to generate flawed trusts? With the hope of future prosecution of these flawed trusts? That's it, I'm getting the reynolds out of the drawer......
I've seen discussion of the felon issue you're talking about. Since its a non issue in my family I didn't really look into it. I think that the law reads felon can't possess a firearm, not felon cant own, in which case it's still illegal, but I don't really know.