I haven't done it yet but I would recommend creating the trust sooner than that and put your wife on it. God forbid something were to happen to you it should make it much easier to transfer ownership post-mortem and take one thing off of your family's plate.
She can call a local dealer and get Pennie’s on the dollar or literally throw it in the trash. No one will
I have a good long time friend of mine listed as having .5% stake to help navigate that process if and when needed.
As I understand it, a trust is not needed for transfer at death. The estate can take possession and then a form 5 is filed to transfer them at no cost to the heirs. A trust may let heirs take them right away if they are on the trust, but then every approval has to have a picture and prints for each person on the trust.
Yes that's my understanding as well, it just seems like avoiding one more thing to do and potentially a lot of paperwork (depending on how many cans) would be very nice if a parent or spouse died.
That's the main reason I want to set up a trust as well.
It might reduce paperwork after death, but it adds a lot of hassle for each new can added to the trust.
Welcome to the club. I had a Clovis Precision can take 40 days to get approved on a single shot trust. Right now I have an Abel Co Theorem that's already sitting at a month, AND a form 1 SBR that's nearly at 2 months. I think I will be switching to individual submission after this, the trusts can be damned, taking 5-10 times as long. Easy to complain, but its not THAT big of a deal...first suppressor I ever got I waited 13 months for so it has gotten better at least
Welcome to the club. I had a Clovis Precision can take 40 days to get approved on a single shot trust. Right now I have an Abel Co Theorem that's already sitting at a month, AND a form 1 SBR that's nearly at 2 months. I think I will be switching to individual submission after this, the trusts can be damned, taking 5-10 times as long. Easy to complain, but its not THAT big of a deal...first suppressor I ever got I waited 13 months for so it has gotten better at least
Well I submitted 3/24, so I guess that means mine should be approved by... yesterday? lol There is no rhyme or reason to the wait times. I must've gotten unlucky with which reviewers desk mine landed on. Still will be better than the 1 year wait I had for my first can.
Welcome to the club. I had a Clovis Precision can take 40 days to get approved on a single shot trust. Right now I have an Abel Co Theorem that's already sitting at a month, AND a form 1 SBR that's nearly at 2 months. I think I will be switching to individual submission after this, the trusts can be damned, taking 5-10 times as long. Easy to complain, but its not THAT big of a deal...first suppressor I ever got I waited 13 months for so it has gotten better at least
Dude...you'll never guess what...I got an email this morning that the Abel Co can I had in jail was approvedMine was approved the day after I posted here (4/2). Hopefully posting here brings you the same luck I got!
Dude...you'll never guess what...I got an email this morning that the Abel Co can I had in jail was approved
For everyone else out there, apparently posting on this thread bitching about wait times will get your can approved the next day. It has happened to two of us now which means its getting close to being a peer reviewed scientific method.
Dont forget you paid $200 for that pleasureAll you effin whiners should have been buying suppressors a few years back when it was 9+ months wait. Then if you misprinted something on your PAPER application, 11 months later they’d tell you to start over and put you to the back of the line!
“Omg, I did paperwork at 2pm and I don’t have my suppressor and it’s 630pm. This process is stupid! Wahhhhhh!”
