Buying whole trust

[NWS]

Say a trust was for sale with 7 SBRs, 1 SBS, and 4 or 5 cans. Would anyone ever consider buying something like that?

 

[Leshaire]

Can you do that? I'd imagine you add the new trustee and then remove the original one? What does the big bad ATF say about that?

 

[SouthernSlammed]

Didn't know a trust could be sold!

 

[chance]

It would have to be a great deal, but I probably would

 

[Mac11FA]

I can do it when I win the lotto tonight

 

[Cudruln]

I should imagine that it wouldn't be all that cheap and fairly pain stating to get it switched over. But it would be something to consider for the right buyer.

 

[BangBang]

The odds of finding somebody that wants exactly what’s on the trust and wants it all are probably pretty low unless it’s just a crazy stupid cheap price.

 

[SouthernSlammed]

That's gotta be I'm really hurtin sale!
A fire sale situation!

 

[Mac11FA]

That's gotta be I'm really hurtin sale!
A fire sale situation!

That or the owner passed away. If that is the case, I am sure there is an expert involved and the price will be high. Since none of the guns has a giggle switch, should be under 5 grand.

 

[Jake]

That's ~$2,600 in tax stamps alone, not to mention the cost of the guns/suppressors themselves. I'd say on the cheap end that's about at least $10k worth of shit between stamps and guns/suppressors. If it were a good enough deal I'm sure people would be interested but your market would be limited for buyers with that kind of cash just sitting around to spend on an NFA collection like that all at one time.

 

[Grunk]

That's ~$2,600 in tax stamps alone, not to mention the cost of the guns/suppressors themselves. I'd say on the cheap end that's about at least $10k worth of shit between stamps and guns/suppressors. If it were a good enough deal I'm sure people would be interested but your market would be limited for buyers with that kind of cash just sitting around to spend on an NFA collection like that all at one time.

And don't forget lawyer fees. Changing ownership of a trust is legally complex even when it doesn't involve ATF stuff. I can't imagine the ATF guys will make it any simpler.

 

[Jcountry]

My understanding is that you can’t really remove the primary from the trust. I think there is some kind of lookback involved. Saw an article or video clip on it.

Even if you add your name and remove all the others, there is some sneaky way that you are tied to the primary.

Could cause personal liability problems if they get sued for some unrelated reason.