Its always interesting to read others opinions..and I mean that politely.Scott B. wrote: ↑Wed Jan 15, 2020 2:14 pm For an existing suppressor you will need an NFA tax stamp to take possession. You can apply as an individual, a trust*, or corporation.
Most eligible gun shops will do the paperwork for you.
There's no registration w/ the state of Texas. The chief law enforcement officer of the county (or state) where you live will be notified as a courtesy, but there's nothing else required.
At this time, you might have wait anywhere from 4 to 10 months before your tax stamp is issued.
*Trusts are not required for NFA items and from my POV should only be used if you have an absolute need for it. i.e., you have multiple people who will be using the same pool of NFA toys [I don't trust anybody that much] or need to pass on your toys to somebody who is not a direct blood relative.
NFA items on an individual tax stamp can be passed, by your estate, to designated direct blood relatives via a tax-free Form 5 application.
My position is polar opposite
I believe for most, a Trust is a better choice..I know it is for me personally.
Id say for those doing this for the first time, ...Trust but verify. Research what the advantages and disadvantages for both individual and trust ownership gives you and decide from there.
I dont doubt Scott has done just that and is secure in his position as best for him....The same for me....I suppose it largely depends on how the NFA item will be used and what you want done with it when you leave this earth.