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National Gun Trust-Open Acct. Under SSN?

Question: 
We had a Gun Trust presented to us to open a Trust account for. We declined the account. Can an account be opened for a potential client for a National Gun Trust under his SSN?
Answer: 

by Andy Zavoina: I am on a gun trust with a brother of mine. My brother had the trust created and he is the settlor. As long as he is a trustee of the gun trust, his social security number is used and no separate TIN is needed.

Answer: 

by Ken Golliher: "No" is an excellent answer. My understanding of the vehicle is that it is designed to hold guns, not money.

First published on 11/11/2018

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