NFA trust question-multiple items per trust?

[Grendelshooter]

I recently picked up my first NFA item, a Velos 5.56.
When I purchased it I didn’t really know what I was doing with the trust, so it’s named something generic that the shop used by default-basically my suppressor type and serial number, so “trust name: Velos 5.56-123456”

I’m looking at putting in for an SBR or 2 now, and I have another suppressor coming.
Question is when I file on each of these, and opt for trusts, do they each have their own trust, or should I consolidate them all under the original trust I purchased my first can with?

[caporider]

@Grendelshooter

I recently picked up my first NFA item, a Velos 5.56.
When I purchased it I didn’t really know what I was doing with the trust, so it’s named something generic that the shop used by default-basically my suppressor type and serial number, so “trust name: Velos 5.56-123456”

I’m looking at putting in for an SBR or 2 now, and I have another suppressor coming.
Question is when I file on each of these, and opt for trusts, do they each have their own trust, or should I consolidate them all under the original trust I purchased my first can with?

I’d put them all in the same trust… Not sure what your future plans are, but transferring NFA items among trusts is a $200 stamp each time. You can also broaden out the trust to include other assets you want to pass along without worrying about probate.

[markm]

@caporider

I’d put them all in the same trust…

Yep. Just add them to the last page list of properties.

[kerplode]

Yeah, put them all in one trust. The name of the trust is immaterial.

[Bluto]

@kerplode

Yeah, put them all in one trust. The name of the trust is immaterial.

Not entirely immaterial, especially if OP chooses to do a form 1 in the future.

[caporider]

@Bluto

Not entirely immaterial, especially if OP chooses to do a form 1 in the future.

Yep, also check your state laws on trusts; requirements vary state to state.

[kerplode]

@Bluto

Not entirely immaterial, especially if OP chooses to do a form 1 in the future.

lol! Yeah, I suppose he wouldn’t want to engrave all that on his receiver. Good point.

[Bret]

Grendelshooter, Why are you using a trust?