SQLGeek wrote:With the changes to the way NFA items are handled, is there as much of an advantage to using an NFA trust these days if you're going to be the only one using the items in your household?
Scott pretty well answered your question above, but some other points to ponder. Are you always going to be the only one in the household to shoot/use them? No chance of a relative or friend wanting to borrow them years from now? When you're out of town are the always going to be locked up/secured such that no one else could get to them, even a wife/GF? I guess my point is we never know what the future holds, trusts allow for more flexibility down the road than an individual filing.
Don't get me wrong, individual filings have their place, but a trust alleviates many of the worries and allows more wide enjoyment if you have shooting buddies/family that could have even accidental access to them down the road. Nothing stopping anyone from creating a trust with only themselves on it for now. You could buy a bunch of toys now on a trust with just yourself, then years from now amend the trust to add folks that you want to have access.
The reason I bring this up is folks often forget to that move an NFA item from an individual into a trust will cost you another $200 and a wait (who knows what the future will bring for times). I've known a few folks that have gone that route only to regret it later. Most bought a single can or two as an individual and then started a trust for the remaining items. Some will use the argument that individual filings are taking less time, but that's a short term view of the situation. I'd rather it take an extra month or two to get the long-term benefit of having them in a trust.
Again, just a few things to think about when making a decision. Ultimately you have to make the decision that's best for your situation.