RocketScott wrote:
That’s part of the reason that they sell the single shot trust. Each item gets its own trust with you as the only responsible person. After it’s approved you can add them as trustees.
If you want to use the same trust then yes you will need to get photos and fingerprints from them. You can request fingerprint cards from the BATFE and get an ink pad on amazon for less than $10.
The single shot trust is a somewhat clever work-around; it's effectively the same thing as restating your one (and only) trust to remove your responsible parties before a new NFA purchase, then adding them back afterward (since revocable living trusts can be restated as many times as the Guarantor wants in his/her lifetime). I just wonder if ATF could (or would) make a case that both are illegal evasion of 41F.
Does everyone's trust body specifically name their co-trustees? Is there anyone like me whose trust (
NW Gun Law Group's Silver Edition Trust) does not mention them by name in the trust body, but in other trust documents/forms (that don't get submitted with a Form 1/4)?
I bring that up because having your trust structured that way has an advantage. For example, I could destroy the signed Add Co-Trustee forms and Co-Trustee Acceptance forms, which effectively eliminates all Responsible Persons (besides me) from the trust, but I don't have to restate the trust to accomplish that (which would require revising the trust body language, having it re-notarized, etc.). Then, if I ever wanted to add a co-trustee back on, I have them fill out & sign the two aforementioned forms again, file them away with my trust, and call it a day. Just another way to skin the cat, I guess.