Bill introduced to raise the NFA tax

[ExecDirector]

There is no current CLEO sign off requirement for trusts. It has not gone through rule making at this time. There is a huge backlog and ATF's Counsel Office *did* increase the check list items on trusts because so many folks were submitting just plain bad trusts. Ones that were cut and pastes from the webs, not properly constituted or funded, etc. So many folks doing it on the cheap...

[ddnc]

There is no current CLEO sign off requirement for trusts. It has not gone through rule making at this time. There is a huge backlog and ATF's Counsel Office *did* increase the check list items on trusts because so many folks were submitting just plain bad trusts. Ones that were cut and pastes from the webs, not properly constituted or funded, etc. So many folks doing it on the cheap...

I understand there is no sign off on trusts now but that is the intention. Mine was prepared and drawn by an NFA attorney and is 40 pages. It runs concurrent with real estate/property trusts so these and title 1 and title 2 firearms as well as millions of dollars in collateral are retained in my family. I currently hold 25 stamps and have never had an issue until 2.5 months ago when I received an error letter asking to remove the trustees names (2 individuals) from box 3b. That was never an issue on the previous 23.
I do agree that a legal instrument as such should be drawn up by an attorney and not by an online document. I think it further confirms the legitimacy of said document and like I said for me, this is not some mickey-mouse one time, I just want a sawed off shotgun thing. It is a substantial multifactorial investment entity.