Trust Question

[diavic]

I have an NFA trust. I have 2 people as trustees. I was wondering if a Trustee can also purchase items for the trust?

 

[boostjunki]

As far as I know a trustee can purchase and pick up items from a dealer on behalf of the trust. The trustee would fill out the 4473 for the item(s) at the dealer.

ETA: I've had a trustee pick up a suppressor after Form 4 approval.

 

[rbhargan]

A trustee can act on behalf of the trust, both buying and selling items. That said, make note that a successor trustee CANNOT act on behalf of the trust until they become a trustee.