Reply To: Adding or removing "Responsible Persons"

Home Forums NFA Tracker Form 4 Questions Adding or removing "Responsible Persons" Reply To: Adding or removing "Responsible Persons"

#76178

NikDFW
Participant
  • Posts: 10
Join Date: 10/12/2016

If you were to strip the trust to one Grantor and one beneficiary at the time of purchase for ease of submission and quicker processing, you can then add and remove trustees and beneficiaries any time after the stamp is approved. Even for temporary usage. It’s especially vital if you had a significant life event such as birth or marriage in which a new person would be living in the home where you store the NFA item. They can attempt to prove constructive receipt-which I believe is felony carrying up to 10 years.

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