The person(s) I appoint trustees on my NFA trust, does this mean that they can use the suppressor without me being around? They'll just need a copy of the stamp/trust?
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Yes... Any person listed as a "trustee" can possess the suppressor legally. Stamp must accompany the suppressor. A copy of the trust doesn't have to be with it ,but it clears any issues of that person as a trustee should the feds come a knocking.
HOWEVER, be very careful if you're listing "friends" at trustees. Friendship falls apart they can amend the trust to remove you as a trustee meaning you then can't possess it. -
The trustees are the ones with the power in a trust. There's some stuff you can do to limit and control other trustees' power, but you have to do it right and understand the bigger picture. One more reason to use a lawyer for a NFA trust.
LWDComment
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The short answer is yes. They trust also allows them to sell the property
Sent from my SM-N920V using TapatalkComment
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I should clarify, I misread it. I'm referring to the successor trustees. So the only way the successor trustee is able to use the suppressor is if my wife or myself (Settlers & Trustees) are present?
It is a trust from a lawyer [emoji1303]Comment
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Did you use James Willi for the trust?
His are specifically set up to allow temporary assignment.
I set up my hunting buddy as a co trustee but he is not a settlor. He is paying for me to build a suppressor for the trust that he will possess.Comment
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If I were your friend, I would not put a suppressor I paid for on trust in which I do not have powers granted to me such that I cannot be removed or have the property taken away.Originally posted by Gunnyart View Post
In my Trust, I am the Settlor, and the only one with the power to remove/add trustees or property. When I die, I have it setup so the successor Trustee (family member) gains all of my powers as Settlor. And if they die, the other Trustees will nominate a Primary Trustee.Comment
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I understand that as does my friend. We're both good with it.Comment
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Yes and yes.Originally posted by sportsman View Post
This is not necessarily true; it depends on the trust language.Originally posted by zr2chevy22 View Post
This 100%Originally posted by LWD View Post
Again, not necessarily true (see above).Originally posted by SC-Texas View Post
Usually successor trustees are not trustees and/or co-trustees until all settlors, trustees, and co-trustees have either died, become incapacitated, resign, etc., but again, it depends on the particular language in your trust.Originally posted by sportsman View PostComment
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Well actually. Yes. That is true. If you read the portion of the trust that was posted in the Okies post, it explicitly gives the trustees the right to sell the property of trust
Sent from my SM-N920V using TapatalkLast edited by SC-Texas; 04-19-2016, 04:10 PM.Comment
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Then what does he say?Originally posted by sportsman View Post
When I have a question about my trust I contact Sean Cody. He wrote it and answers questions directly about it. You might have heard of him. .. an Internet lawyer just tried to argue with him a few posts back. Lmfao.Comment
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The language of this trust gives the trustee the right to buy sell, encumber and exchange trust property.Originally posted by sportsman View Post
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Further, under the powers granted above, all trustees would be required to submit fingerprints and photographs every time Title II weapon was purchased for this trust
Sent from my SM-N920V using TapatalkComment
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Ask the guy who you paid to write it. That's part of why you get a lawyer to do itComment
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