OCTOBER INTERNET SALE - $250
($50 Discount) - Mention Sale to Receive Discount
Even if a person is single, it still makes sense to title NFA firearms in the name of a trust because of the built-in flexibility of being able to amend the trust throughout the person’s lifetime to add or remove additional trustees and to identify beneficiaries as the person’s life and roles evolve (i.e., husband, father, grandfather, etc.) If the person titles NFA firearms in his own name and then decides later to title the NFA firearms in the name of a trust, the person will end up paying the $200 transfer tax (or whatever the transfer tax amount is at that time) for each NFA firearm to be transferred to the trust. This short-term thinking (titling NFA firearms in the name of an individual) could end up costing the person a large sum of money down the road.