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Have a trust set up. My son is in it. He is moving to TX or VA. Can my trust transfer to him as an individual? | ||
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Bamf |
As I understand it - if your son is a co-trustee, he can be in possession of the NFA items on the trust. Therefore, you don't need to do a transfer to your son. Transferring any NFA item (either from individual to trust, or trust to individual) requires a $200 stamp and another wait on the ATF approval. If it's a suppressor, you don't need to file a 5320.20, but some still do. If it's something like an SBR, make sure to file a 5320.20. You can temporarily transfer an NFA item on the form for up to 1 calendar year. Approval for this form usually is about 6 weeks. I'm sure someone will chime in shortly if I'm missing anything. "I have a suggestion to keep you all occupied. Learn to swim" - Ænema | |||
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Go ahead punk, make my day |
I'd just 5320.20 it to him into wherever his ends up and repeat yearly, assuming its a short move. If it's a longer move, I suggest you consult an NFA friendly attorney about the best way to do things. | |||
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