MD Law confusion - Suppressors & trust
- Thread starter jarretf
- Start date
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- nfa trust suppressor
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Klunatic
Ultimate Member
Rusty Shackleford in the IP section does them for $350.00.
Lex Armarum
Ultimate Member
- Oct 19, 2009
- 3,450
You need a checking account for the trust because you need a means of separating your cash from that of the trust. The bank account provides said means.
Maxsplat
Active Member
Rusty from what I have read on ownership of a suppressor if I purchased one and filled out the paperwork in my name and my brother wanted to use it, legally I could not loan it to him. But if I purchased the suppressor and did the a trust with my bother, legally we could share the suppressor. Is that correct? I read some information on http://www.silencershop.com/support/how-to-buy-a-silencer and thats I interperted the text. I just wanted to make sure I'm reading it correctly. Thanks
Maxsplat-tying to save Rusty from giving out free legal advice but 2 trust attys, I spoke with said that whoever you make a co trustee can have full access to the item as long as they are not prevented for other reasons, felon etc. So yes you could ad your brother as a co trustee. I'm not a lawyer just repeating what I was told by a couple. If you did not want to make your brother a co trustee he can still use it as long as you are with him. You have to have control over it.
I'd still advise you to seek legal counsel.
I'd still advise you to seek legal counsel.
Markp
Ultimate Member
- Dec 22, 2008
- 9,392
Maxsplat
Active Member
I will when and if we decide to get the money to do this. I've always been interested in suppressors but for a long time had a lot of misconceptions about the legality of owning. So I've decided to look into it more. Thanks for the response. I appreciate the info.
What if your trust only carries cash?
The ATF has more money and Lawyers than you... Is it really worth it? My trust has a bank account...it took 15min to set up with USAA and that includes BS 'ing about NFA with the operator. That effort saves me from the ATF potentially taking everything I own in an investigation...
Markp
Ultimate Member
- Dec 22, 2008
- 9,392
It was a joke!
NeverSurrender
Audentis Fortuna Iuvat
Say I have a suppressor that I bought as an individual. If I am at the range with friends are they allowed to shoot with it or is it illegal for anyone else to use it even if I am present?
Your can share your NFA toys with friends as long as you are present.
Thank God...
elwojo
File not found: M:/Liberty.exe
Oddly enough, I was able to open a PNC Bank account for my trust. They had to fax the trust back and forth with some lawyers - but in the course of a few hours I had an account opened. Maybe try again at another branch?
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