Originally Posted By: DiYi cbass,
No offense but its a mistake IMO to assume any trust works until they are tested.Well that's a "glass half empty" kind of statement. My glass half full says, "It's a mistake to assume any trust WON'T work, a trust is a legal document, what goes into the trust is irrelevant, as long as you verify the document is legal in your state."
Part of the reason a Trust typically get approved faster than just a plain Form 4, is because the granter DOESN'T go through a background check. Who would they check on?? The trust owns the property, not the individual, even after the granter dies. Any/all trustees are not given background checks at the time the forms are sent in, why would they be given background checks after the granter dies?
A trustees legal ability to own a firearm, and his/her age should both be cleared BEFORE they are ever entered as a trustee in the first place.
Again, making sure that a trust is legal in your state, should be all the peace of mind that you need. If you think a lawyer might not draw up your trust correctly, you need to stay far far away from them anyway. That's their job.
I would assume trusts HAVE ALREDY been "put to the test" quite often. It's foolish to assume EVERYONE that has ever had an NFA item purchased with a trust, is still alive. They've been used since 1934.
Buying an NFA item with a trust is not a new phenomenon and if anyone considers a Trust, a loophole, they simply are uneducated on the topic and are pulling at straws.
After all, anything that's easy MUST BE a loophole right?
Anyone since 1934 that has bought their NFA item with a Trust and has passed away, has likely had their trust reviewed, and yet, still none have been found faulty. More likely than seeing Trusts start to be reviews and overturned, is that soon, people are going to start coming to the boards saying..."I use an NFA item because it was Trusted to me by my father that passed away recently"
Originally Posted By: 1934 National firearms Act, Subsection B- definitions
erson = A partnership, company, association, trust, estate, or corporation, as well as a natural person.