Frequently Asked Questions
Why is 199trust.com so cheap compared to others? Am I sacrificing something?
A: We are solidly the market leader in NFA Trust document creation. We’re cheaper because we care about value, karma, and most importantly we care deeply about the community and keeping our right to bear arms healthy. You aren’t sacrificing quality.
Why no phone support?
I’ve been researching online and I’m really confused about how Gun Trusts work, are they complicated?
A: Not at all, historically only lawyers were in the document creation space and they made a lot of money in it. Their tactics are usually to confuse and scare you because they don’t want you to know how simple the process really is. The truth is that when you get the documents from us and take a look over the easy to follow instructions we provide you’ll probably be impressed with just how simple the process really is.
Are there any recurring or annual costs to a gun Trust?
A: Not at all. Zero. Zilch. Nada. You pay once and you’re done.
How many NFA Trusts have you done and how long have you been in business?
A: We started doing NFA Trusts in August of 2012 and as of recently we’ve done over 20,000 NFA Trusts and have never had one denied or delayed by the ATF. Not convinced? Click HERE to see what a random sampling of our customers think our service
Can I use the Trust for more than one item?
A: Yes, the same Trust can be used purchase/hold an unlimited amount of items.
Can minors be beneficiaries?
A: Yes absolutely! Should you pass before they turn 18, the items will be held for them by a Co-Trustee (or the Successor Trustee) until they turn 18 and can take proper distribution of the item(s) that you wish to go to them.
Can I add ‘authorized users’?
A: Yes, they’re called Co-Trustees and must sign and notarize as responsible parties to the Trust. This is one of the major differences between an NFA specific Trust and other non specific Trusts. (*Side note* If you see a Trust service or lawyer that is creating documents that allow people only listed as beneficiaries or anyone other than a Co-Trustee to possess the NFA items in the trust…. run far and fast because they likely don’t know what they’re doing.)
Is there a limit to the number of Co-Trustees?
A: No limit, however, keep in mind that they need to sign and notarize the Trust initially. Also an important consideration is the new stuff starting July 2016 with 41F and Co-Trustee need to submit fingerprint cards and photographs (see HERE for more info on that). We include amendment templates for you to amend the Trust at your convenience to make these and other changes down the road. It’s simple to do so don’t feel like you need to include the extended family off the bat, remember our Trusts are flexible in the future as a rule.
Can a Co-Trustee live in another state?
A: Yes they can, no problem. If they are going to possess the items in that state however you will need to consult the laws in that state to make sure it’s legal. Also anytime you’re moving items to another state (temporarily or permanently) look into submitting a ATF form 5320.20 to notify them of the relocation of the items.
Who can use the item without me being directly present?
A: Only Co-Trustees
Do I need to open a bank account for the Trust?
A: No you don’t, in fact most people we talk to choose not to because they are using an NFA Trust to make life easier not add complication. However if you wish to open a bank account, the Trust documents you will receive are suited to do so. You’ll simply need to get an EIN (employer identification number) which you can get instantly online at irs.gov.
Are your Trusts multi-generational?
A: No, they are living revocable Trusts. Multi-generational Trusts are a bit fickle and to be honest, gimmicky, especially when it comes to NFA Trusts. With the new 41F regulations and property able to be passed down tax free to beneficiaries Multi-Generational Gun Trusts are pointless and overly complicated.
Can I change my Trust in the future?
A: Yes of course! We include amendment templates for you to make changes such as adding/removing co-trustees, successor trustees, beneficiaries, and changing addresses. Amending our Trust documents is very simple and more instructions for that will be included with your documents.
When do you add items to the assignment sheet?
A: Simple, when you physically possess the serialized property. For example, if you are doing a form 1 and making an SBR, you already possess the lower receiver so you can assign it to the Trust before you submit the form 1 with a copy of the Trust.
Conversely, when you are doing a Form 4 (for something you are buying from a dealer or another individual) you will not possess the item until the form 4 comes back with the stamp approved and the item is released it to you; therefor you will not add the serial number of the item you are doing the form 4 for until it is released to you and is in your possession
I’ve heard about adding property to the assignment sheet such as a 1 dollar bill so as not to send it in blank, is that true?
A: Yes, you can do that, and it “funds” the Trust thereby making the Trust bona fide. If you want to add a dollar bill you can format it like this on the the assignment sheet:
Make: US Federal Reserve
Model: $1 bill
Can I add minors as Co-Trustees?
A: Negative, Co-Trustees must be able to legally possess firearms (not be a prohibited person) and be 18+
I have a specific question about the NFA, can you help?
A: We will do our best and are knowledgeable, However, the best resource for pointed NFA information is to call the ATF’s NFA branch at 304-616-4500. Don’t be scared, they’re all cool cats up there and often go out of their way to make sure you’re taken care of and well informed.
Do I need to register the Trust with my state?
A: Most states don’t require you to notify them of the creation of a Trust, however, some states do require that you register/notify them of a Trust. It likely will not have anything to do with the ATF’s approval process, but it can determine whether or not a Trust is considered bona fide and definitely worth a quick call.
Lookup and call your county/parish/borough or state records office and see how (if need be) you can register your newly minted Trust. If needed, the process will be simple.
Why do birds suddenly appear every time I am near?
A: Because, just like us, they long to be close to you.