Need a Trust Done I can Help!!!!!!!!!!!!!

[Sig luv3r]

hey guys if I can get about ten or so guys saying they want a Trust Done that will cover NFA Items and Non-NFA Items I can get each of your trust done for you for 695.00 each send me a private message or call me at 918-237-0037 if you would like more info on how to get it done

[MAS GunWorks]

I take it this is through a local attorney? Quicken is much cheaper.

[Sig luv3r]

hey you guys just wanted to remind you that hey you get what you pay for and quicken doesn't update it for free in the future and it doesn't stay upto date on all the laws and if you can know that in the near future or future that things wont change with your estate or anything else then by all means jump all over a generic product

[RobC]

That's kinda why I have no qualms with quicken for an NFA only trust. For estate stuff, I would definitely use a lawyer. I might also consider a lawyer if I had a sizeable NFA collection that was registered to a trust, not a few suppressors and SBRs.

Just for clarification, are you a lawyer yourself or are you refering us to someone else?

[MAS GunWorks]

But for simple NFA items or basic trust information guicken is perfect for under $40. But like stated above for me estate and other difficult type items a lawyer would be better but not always necessary.

[Gun Trust Lawyer]

Although Quicken can be used to create a valid trust in most states, there are many reasons why you should not use quicken to create a trust to hold class 3 firearms.

Quicken is simply not setup to handle the many unique issues in dealing with NFA restricted items.

There are many benefits in using a NFA trust over a traditional trust or even purchasing the items individually.

Some of the main issues include:
1) The ability to tell your representatives how to properly transfer these assets upon your death, (needs to deal with the geographic issues, state issues, potential local issues, and federal issues involved with these items)

2) Ability to transfer assets to those under age at a later time while giving the trustee that ability to look at his/her mental state, his/her physical location, and age and make decision based upon their view,

3) Ability for the Trustee to refuse assets transfered by will or other means if NFA and state requirements are not complied with,

4) Requirement to comply with NFA and State laws for transfer of NFA related assets, and
5) Ability to make uneven distributions to heirs to conserve value of assets.

Because of the sever criminal and civil penalties associated with the improper transfer or possession of C3 firearms, it is important to understand how to use the trust properly.

You might check some of the articles on the links I have below for more informaiton

[ratski]

I've heard it over and over again, if you are going the Trust route for NFA, use an attorney experienced in that area.

Yeah, Quicken and Legalzoom.com can set up the trust, but do you really want to screw around with this stuff?

I personally have no desire to be the Prom Queen at the Club Fed dance and sleepover.

Dave

[Baron Driver]

Just for clarification, are you a lawyer yourself or are you refering us to someone else?

I'm curious about this as well.

[MyMonkey]

I would love to know more about this as well. Do tell, do tell.

[Baron Driver]

This message is too short.

UPL?

[Nanotech9]

Some of the main issues include:
1) The ability to tell your representatives how to properly transfer these assets upon your death, (needs to deal with the geographic issues, state issues, potential local issues, and federal issues involved with these items)

2) Ability to transfer assets to those under age at a later time while giving the trustee that ability to look at his/her mental state, his/her physical location, and age and make decision based upon their view,

3) Ability for the Trustee to refuse assets transfered by will or other means if NFA and state requirements are not complied with,

4) Requirement to comply with NFA and State laws for transfer of NFA related assets, and
5) Ability to make uneven distributions to heirs to conserve value of assets.

I think most of us plan on adding a wife, G/F, or brother/sister as trustees that will take over posession of the trust upon our deaths, all of which we would be aware of being able to pass any requirements for a class 3 weapon. i.e. no minors, no felons, etc.

Now i suppose if you wanted to pass your collection off to your infant child upon your death, that might be a bit trickier and definitely require a lawyer...


BUT, for $695 you're not going to update the trust FOREVER every time a law changes, or someone wants something in their trust changed... there WILL BE more fees.... i assume.

[tyromeo55]

My trust is for me! When I die the wife and kids can pay a lawyer out of my insurance pilocy if they want my small NFA collection that bad and are too lazy to figure out the laws like I did. I have very precise instructions left for my family that includes going to see a class 3 dealer Includeing the names and numbers of many. Come on guys some of us have less then 500 invested in a 22lr silencer and have no buisness useing a lawyer. Instead Put that money into a saveings account.

[CAR-AR-M16]

Here is some info from the NFA Branch on transfering firearms after an owners death.

NFA Firearms in Estates
The executor of an estate that includes registered NFA firearms is responsible for maintaining custody and control of registered NFA firearms and for arranging for transfers of the firearms. The executor should take this action as soon as possible, generally by the close of probate. However, ATF will allow the executor reasonable time to arrange for the transfer of the registered firearms in a decedent’s estate.
Firearms may not be transferred to another party, such as a Federal firearms licensee, for consignment or safekeeping. This is a transfer, which is subject to the requirements of the NFA and must be approved by ATF; however, a licensee may assist the executor by identifying purchasers and by acting as a broker.
If the registered firearms are to be transferred to a lawful heir (beneficiary), the transfer from the estate is made on a tax-exempt basis. A lawful heir is anyone named in the decedent’s will or, in the absence of a will, anyone entitled to inherit under the laws of the State in which the decedent last resided. The executor would apply on ATF Form 5, Application for Tax Exempt Transfer and Registration of a Firearm for the transfer to a lawful heir. The executor signs the application as the transferor, representing the estate. An NFA firearm may be transferred directly interstate to a beneficiary of the estate. When an NFA firearm is being transferred to an individual heir, his or her fingerprints on FBI Forms FD-58 must accompany the transfer application. If any Federal, State or local law prohibits the heir from receiving or possessing the firearm, ATF will not approve the application.
If the registered firearms will not be transferred to a beneficiary, with certain exceptions, the transfer from the estate is subject to the transfer tax. ATF Form 4 is used to apply for the tax-paid transfer of a serviceable NFA firearm to a person outside the estate. ATF Form 5 is used to apply for the tax-exempt transfer of an unserviceable NFA firearm to a person outside the estate or for the transfer of a serviceable NFA firearm to a government agency. As noted above, all requirements, such as the fingerprint cards for transfers to individuals and compliance with State or local law, must be met before an application may be approved.
If an NFA firearm in the estate was imported for use as a “sales sample,” this restriction on its possession remains. An NFA firearm with this type of restriction can only be transferred to a government agency or a Federal firearms licensee who has paid the special (occupational) tax to deal in NFA firearms.
If there are unregistered NFA firearms in the estate, the firearms are contraband and cannot be registered by the estate. The executor of the state should contact the local ATF office to arrange for the abandonment of the unregistered firearms.

Source: http://www.atf.treas.gov/pub/nfab/index.htm