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Thread: 41P Update
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28 April 2015, 20:51 #16
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28 April 2015, 20:54 #17
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28 April 2015, 20:55 #18
SilencerCo, they've started doing trust in house to make buying a suppressor easier.
http://www.weaponevolution.com/forum...erCo-EasyTrust
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28 April 2015, 20:56 #19
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28 April 2015, 20:58 #20
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29 April 2015, 03:24 #21
Man, i kinda backed off as this 41p/may date was coming up too quick...I still really want to get a SBR and a can or 2 going......ughhh...
Coyote seems like a good/quick deal.I emailed him a while back and always a prompt reply and was very helpful...
You have no ginger power...I can tell...
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29 April 2015, 04:00 #22
It doesn't really matter since neither Form 3s or Form 4s are on eFile right now. Supposedly they will come online "soon," but we've been hearing that for a while.
That wouldn't really work since alamo is in TX and SilencerCo is in UT. You can't transfer on a F4 direct across state lines.
Also, I read the other day that there seems to be some major issues with SilencerCo's trust. Apparently it wasn't written very well and had a lot of holes in it.
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29 April 2015, 09:36 #23
That's what happens when you try to do a one size fits all trust. People should remember, just because the ATF approves your Form 1 or 4, doesn't mean your trust is valid. I shake my head when people go with a Quicken Trust or the generic Trust the Gunstore they buy their suppressor gives you. I think there is a conflict of interest there and are they going to represent you if the ATF determines your Trust is invalid down the road?
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29 April 2015, 10:32 #24
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29 April 2015, 10:50 #25
Trusts are not that complicated, but the boilerplate ones typically don't have the correct language to handle what happens when the grantor dies and the beneficiary suddenly has a pile of title II firearms in their lap. If you're not careful, the beneficiary will have to file a form 5 for each item in the trust.
Edit: If you want an SBR, I don't know why you'd wait. Get a lower, test it out, and form 1 it. Takes 4-6 weeks and you can use it while you're waiting (just not on a short barreled upper, of course).Last edited by Slippers; 29 April 2015 at 10:54.
Will - Owner of Arisaka LLC - http://www.arisakadefense.com
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29 April 2015, 12:44 #26LEO / MIL
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Form 1s are taking longer lately. Form 4s are still getting a little faster.
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29 April 2015, 12:55 #27Will - Owner of Arisaka LLC - http://www.arisakadefense.com
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29 April 2015, 12:56 #28LEO / MIL
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29 April 2015, 13:23 #29
It supposedly happened a couple of years ago with the Quicken trusts. All of a sudden a bunch of people were being notified that the trust was determined to not be valid in the eyes of the ATF. I've been reading some stuff over the last few months where some established FFLs have been saying this will probably be a much bigger issue in another 20 years or so when a bunch of people who have half-assed trusts start dying, for exactly the reason Slippers mentions. All of a sudden that M16 you want to buy isn't really owned by anyone anymore because the trust wasn't completed correctly. Obviously I'm over-simplifying it a little, but you get the point.
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29 April 2015, 19:34 #30