NFA Trust in Kentucky

Discussion in 'NFA/Class 3 & FFL Discussion' started by kytowboater, Jan 17, 2014.

  1. kytowboater

    kytowboater Active Member

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    I'm not clear on what or how a trust works. I've tried to read up on it, the language is not that clear at the moment. Boat brain right now.

    Does anyone have any knowledge or experience of a trust in Kentucky?

    Or can anyone shed any light on the benefits of one?

    One day I would like some SBRs and SBS, suppressors etc.
     
  2. austin92

    austin92 New Member

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    Will subscribe as I have the same questions
     

  3. c3shooter

    c3shooter Administrator Staff Member

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    The NFA firearm is transferred to the trust. Trust owns it. You can add or remove people from the trust- any of them may possess it. Going the trust route removes the fingerprint/ photo/ permission of the CLEO things- Feds are trying hard to change that.
     
  4. kytowboater

    kytowboater Active Member

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    Is there are limit to the amount of nfa items to the trust or do you have to still get a stamp for every nfa item?
     
  5. sparky80

    sparky80 New Member

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    You still need a stamp for each item. And because of the current back log plan on waiting about a year even with a trust. Hopefully the trust will still be a option for us who's CLEO won't sign off. Another plus to a trust is that you can pass your NFA items on to spouse/children/family, etc with no extra paperwork.
     
  6. sparky80

    sparky80 New Member

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    Also you can add as many items as you can afford.:D
     
  7. kytowboater

    kytowboater Active Member

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    Okay thank y'all for helping me to understand. Now, to convince the wife I need an SBR. Or a can....
     
  8. sparky80

    sparky80 New Member

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    Definitely a NEED

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