After further discussion with the shop owner, I decided to buy them as singles and avoid the trust. At the end of the day there was no real advantage to the trust. If I die my wife can transfer them to her name for free (if I understand correctly). If my son or daughter wants them they just have to pay for a tax stamp and transfer them.......with any luck the estate will have enough money there will be no financial burden. If you damage one shoot one out or sell it the trust is gone and you would have to do a trust for your next suppressors. Just seems like a Hassel for no real benefit.
I agree there's not as much advantage to the trust any more. However, that last statement in bold is incorrect. The trust is not tied to the suppressor, it's tied to you. The trust goes away when you die; you can add or remove items to it as you like. There is no need to set up another trust to buy another suppressor (or any other item); you just add it to the trust you have.
Thanks for the clarification......That makes more sense. I must have misunderstood what was said...still not much benefit for added paperwork. It would reason a trust could be set up at any time, so in the future if I change my mind I could set a trust up?
Sure, but it would take another Form 4 transfer (including the $200 stamp) for each suppressor to transfer ownership from your name to the trust.
You need to understand that when going the trust route, the trust owns the suppressor, not you personally. Each trustee named on the trust is able to possess and use the trust property; that ability for multiple people to be named (like you, your wife, and your best friend, etc) is the one real advantage to using a trust now.
