Trust or Personal Ownership for Class III Items?

I'm posting this here because I wasn't sure where to post it. I remember awhile back someone was talking about setting up a trust to "own" things like suppressors and I was curious as to what the advantages are for having a trust own these items instead of the person directly. For example if one were to die could they transfer ownership of the trust to someone else and effectively sidestep the $200 transfer fee since the trust still technically owns the item?

Here is a link that might help you get the info you want:

http://www.shootonthemove.org/news/trustmeetinginkentsundayjuly172011

Don't do personal ownership, trusts are better.

Daylen said:

Don't do personal ownership, trusts are better.

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Why?

thebigsd said:

Why?

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Exactly. I want to know why.

Also I followed the link but it didn't say why it was better, only that there would be a meeting on the subject. A meeting that I can't attend and has already passed.

thebigsd said:

Why?

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Trusts don't die and can include multiple people.

Exactly. Anyone listed as a trustee may have custody of your listed NFA items. Let's say you were to die, with your stuff in your personal name. There's legal issues with your spouse even having access. If that person were a trustee, no problem. Plus you have a beneficiary, so not transfer taxes upon death of the primary trustee.

Let's also remember that an entity such as a trust has no fingerprints or face, so this is eliminated from the stamp process. And of course, a trust doesn't have to go hat in hand to the local CLEO and ask, please, sir, sign off on this and give me permission to exercise my rights.

There was an expert on trusts supposed to speak at a recent VCDL meeting. I wasn't able to attend, but was hoping someone would have taped or filmed it.