Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Range
NFA & Class III Discussion
Trust with trustee question
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="aestus" data-source="post: 2894375" data-attributes="member: 2989"><p>A trust requires at least 2 trustees (Settlor acting as a trustee and 1 other person as a trustee.) It's not a trust if it's just you, by yourself.</p><p></p><p>There's tons of resources online that I recommend reading up on. If you are unwilling to read up yourself, then hire a lawyer. You can inadvertently find youself in a legal rut really fast (or your family and beneficiaries in the future).</p><p></p><p>There's a lot of online trusts you can pay for dirt cheap, but there's a reason they're cheap. They basically get you through the bare minimum to be "legal." They don't address any of the legal ramifications of things like what may happen if you were to pass away and your beneficiary is under the age of 18. Some online trusts are written so that you need any and all changes notarized, while some don't spell out any requirement for notaries for any changes. A lawyer can help craft one that is reasonably legally sound without being overly burdensome in terms of required notarization for every little change, ect. </p><p></p><p>Some online trusts aren't even legal at all and while the ATF may approve of some applications with these online formed trusts, it doesn't necessarily mean the trust has been correctly formed.</p></blockquote><p></p>
[QUOTE="aestus, post: 2894375, member: 2989"] A trust requires at least 2 trustees (Settlor acting as a trustee and 1 other person as a trustee.) It's not a trust if it's just you, by yourself. There's tons of resources online that I recommend reading up on. If you are unwilling to read up yourself, then hire a lawyer. You can inadvertently find youself in a legal rut really fast (or your family and beneficiaries in the future). There's a lot of online trusts you can pay for dirt cheap, but there's a reason they're cheap. They basically get you through the bare minimum to be "legal." They don't address any of the legal ramifications of things like what may happen if you were to pass away and your beneficiary is under the age of 18. Some online trusts are written so that you need any and all changes notarized, while some don't spell out any requirement for notaries for any changes. A lawyer can help craft one that is reasonably legally sound without being overly burdensome in terms of required notarization for every little change, ect. Some online trusts aren't even legal at all and while the ATF may approve of some applications with these online formed trusts, it doesn't necessarily mean the trust has been correctly formed. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Range
NFA & Class III Discussion
Trust with trustee question
Search titles only
By:
Top
Bottom