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Setting up a Trust?

Discussion in 'NFA & Class III Discussion' started by Rimfire, Nov 19, 2012.

  1. Rimfire

    Rimfire New to the site!

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    Hi, after years of thinking of it im finally taking the plunge too acquire a suppressor. Im new too NFA items and I am wondering about trusts, since i live in rogers county i don't think sheriff walton will sign considering what i've read, haven't asked or tried but i did go too school with his kids and a family member of mine is his neighbor and friends with him but i don't really think that will help. Im only planning on having a few suppressors and maybe a sbs or sbr in my collection and i would really like too avoid all the hassle with prints and stuff. Would a simple quicken home made trust be ok? Can anyone guide me too an attorney or someone experienced in nfa trusts too look it over once its completed? I am on a tight budget so i need too set up this trust on the cheap.

    Thanks
     
  2. dwkennedy

    dwkennedy Sharpshooter

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    Your NFA dealer will likely be able to point you to a template that has worked in the past.

    If you want to get fancy with who gets what when you die, or protect your property when you get divorced or remarried, better pay a lawyer.
     
  3. kevin brown

    kevin brown Sharpshooter

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    You need to get in contact with Kelly Kyle he is just up the road from you east on 412. www.kylearmament.com
    #918-476-5093. He did my trust when I bought my Can. I think he will do trust paper work for around $75.
    He is who I used to do my SBR and 762 can.
     
  4. Hump66

    Hump66 Sharpshooter

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    Call Matthew Winton 405.478.4818 in Edmond. He might be able to work with you through email or over the phone. He's an actual lawyer and I believe he charges $200 for an NFA trust(which is a good deal). Anyone other than a lawyer putting together a trust for you is practicing law without a license, and I would imagine that would make your trust null and void.
     
  5. WillR

    WillR Sharpshooter

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    Trusts, wills, etc. don't need to be prepared by a lawyer to make them legal. I have 3 trusts set up now, and the one that was prepared by a lawyer was the one that had problems. However if you have no idea what your doing a lawyer that specializes in this area probably isn't a bad idea. Usually the dealer you intend to get the class 3 from can help you out.
     
  6. uncle money bags

    uncle money bags Sharpshooter

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    I second Matthew Winton. I have a trust set up by him and have had zero problems.
     
  7. Honeybee

    Honeybee Sharpshooter

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    Oklahoma allows any number of revocable living trusts including the ones produced by cheap software, just a few things to watch for.
    If you want anyone besides you to use your guns or cans they need to be listed as co-trustees.
    you need to limit the power to those Co-trustees so they don't try to take your stuff when you go.
    you need to fund your trust before you send it in....that means put your gun,can,ect into the trust before you send it in.
    name it something simple!!!!!!! you will pay in the end if you don't
     
  8. english kanigit

    english kanigit Sharpshooter

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    Whichever path you decide to take with this stuff it is not hard. Sit down, read the law and understand it. Do your research beforehand.

    Big boy rules and big boy consequences do apply. Remember it's your name that will be on the paper work (yes, even with a trust). "I didn't know!!1!!" doesn't work in this game.

    Just sayin'
    Ek

    Post Script: Remember, advice gotten off the net is worth exactly what you paid for it. ;)
     
    Last edited: Nov 28, 2012
  9. aa5b

    aa5b Sharpshooter

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    I will third Matt Winton, I know him personally. Great guy. I could not recommend him more!
     
  10. wegnerracing

    wegnerracing Marksman

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    I purchased my cans from Sports World. They did the original trust for free and every time I bought another one; they would just add a new last page with the item and the serial #'s. They have been great to deal with.
     

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