1. Welcome to Oklahoma Shooters Association! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.

Starting NFA Trust

Discussion in 'NFA & Class III Discussion' started by Powers, Feb 9, 2013.

  1. Powers

    Powers Marksman

    Messages:
    30
    Likes Received:
    1
    Joined:
    Nov 2, 2010
    Location:
    OKC, Edmond, and Texas
    Hello everyone, I sent out a couple emails to some of the attorneys recommended here on the forums. Just wanted to say thanks to those that posted their info and recommendations. My first planned purchase is are suppressors for my FNX-45 Tactical and for my 7.62x51mm bolt gun. I have NO experience with
    suppressors of any kind, so now the research starts. Which is part of the fun for me. Any recommendations or experiences you'd like to share would be great. I just want to learn as much as I can. Thanks!
     
    Bluewing1 likes this.
  2. uncle money bags

    uncle money bags Sharpshooter

    Messages:
    5,378
    Likes Received:
    7
    Joined:
    Jul 22, 2009
    Location:
    OKC
    Rating
    100%
    Dustin, call your office.
     
  3. firewire

    firewire Sharpshooter

    Messages:
    271
    Likes Received:
    5
    Joined:
    Dec 12, 2010
    Location:
    OKC
    Rating
    100%
    You can pay a lawyer $200-$300 or you can do it yourself. I waffled back and forth between paying a lawyer or doing it myself. In the end I did it myself after much research in trying to find the most complete and accurate DIY kit. The DIY kit I chose is the same one a lawyer in Washington State uses for his own clients ($395 in person). His DIY kit for $30 is available for 41 different states.

    http://www.doityourselfdocuments.com/Estateplanning/Trust/nfaTrust.aspx

    I can't remember all the key points, but it addressed many that lawyers that have posted all over the net say you should watch out for in a DIY kit. It isn't a Quicken Will Maker document. It is a 23 page document with instructions, "Bill of Sale", Resignation of Trustees, Appointment of Co-Trustees, etc. I downloaded several "free" NFA trusts and there was no comparison after looking that the link above. All in all I was very impressed. I just bought my first NFA item, so I guess I will see in the next few months how it worked and all the extra Schedule A items and references to incapacitation of trustee, etc. makes me feel just fine in the future as well.

    Your Mileage May Very! Caveat Emptor!
     
  4. Spata

    Spata Sharpshooter

    Messages:
    8,226
    Likes Received:
    4
    Joined:
    Mar 6, 2007
    Location:
    tilling subprep's cornfield
    Do you need to file anything at the court house?
     
  5. theSaint

    theSaint Marksman

    Messages:
    71
    Likes Received:
    2
    Joined:
    Dec 24, 2010
    Location:
    tulsa
    Rating
    100%
    NO, but the trust must be notarized.
     
  6. Wolf44

    Wolf44 Sharpshooter

    Messages:
    926
    Likes Received:
    3
    Joined:
    Aug 29, 2010
    Location:
    OKC
    Rating
    100%
    for those still leaning towards an attorney, some will profess superior skills and charge you upwards of $600 plus..... it's not rocket science, but you do need to have a 'good' trust as well.

    Firewire's done a good deed. +100
     
  7. pistolpete2002

    pistolpete2002 Sharpshooter

    Messages:
    245
    Likes Received:
    0
    Joined:
    Aug 15, 2012
    Location:
    Yukon
    I got my NFA trust done for $35 by the guy who sold me my suppressor. Went through the NFA process and everything was good to go! I have 2 more NFA items I should be getting final approval on in the next 2-3 weeks using the same trust.
     
  8. Maverick21

    Maverick21 Sharpshooter

    Messages:
    1,469
    Likes Received:
    2
    Joined:
    Aug 19, 2009
    Location:
    Moore
    Thanks for this. Just ordered my DIY kit. Now I can sit on it and procrastinate for another year or so on actually pulling the trigger on buying an NFA item.
     
  9. castleeleven

    castleeleven Sharpshooter

    Messages:
    280
    Likes Received:
    0
    Joined:
    Jul 1, 2013
    Location:
    okc
    pistolpete2002
    pistolpete2002, do you mind mention who was the class 3 dealer that will do the trust?
     
  10. FullAuto

    FullAuto Sharpshooter

    Messages:
    2,119
    Likes Received:
    52
    Joined:
    Nov 14, 2008
    Location:
    Choctaw
    Rating
    100%
    Brandon Benson will set up a trust for $100 or for $50 if you are buying something from him.
     

Share This Page