Also, has anyone analyzed whether there are any distinct advantages to submitting for a trust now vs. under the new laws?
If you establish the trust before July 13 (41F start date) it will be grandfathered and you won't have to:
• Complete an ATF Form 5320.23. Form 5320.23 would require certain identifying information for each responsible person, including each responsible person’s full name, position, Social Security number (optional), home address, date and place of birth, and country of citizenship;
• Submit a 2 x 2-inch passport style photographs of each responsible person taken within 1 year prior to the date of the application;
• Submit two properly completed FBI Forms FD-258 (Fingerprint Card) for each responsible person.
• You and any Co-Trustees on the Trust will be required when submitting a tax stamp application to notify the Sheriff, but WILL NOT require their “approval”. (“requires that a copy of all applications to make or transfer a firearm, and the specified form for responsible persons, as applicable, be forwarded to the chief law enforcement officer (CLEO) of the locality in which the applicant/transferee or responsible person is located; and eliminates the requirement for a certification signed by the CLEO”)
If you don't have the trust established (signed, witnessed and notarized) before 41F kicks in you will have to take all the steps above when you purchase an item.
Last edited by Mergie Master; 04-29-2016 at 04:47 PM.
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