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

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

Will a Trust for an NFA item work for other purposes

Discussion in 'NFA & Class III Discussion' started by Cadesdad, Dec 3, 2013.

  1. Cadesdad

    Cadesdad Sharpshooter

    Messages:
    338
    Likes Received:
    0
    Joined:
    Jan 21, 2010
    Location:
    Oklahoma City
    This may be a stupid question, but I'm unfamiliar with the subject. I've been considering a trust for an NFA item but I've also considered a trust for my personal assets. Can both of these be accomplished with one trust and are there any risks associated with doing so? Thanks for any advice.
     
  2. 338Shooter

    338Shooter Sharpshooter

    Messages:
    17,342
    Likes Received:
    9
    Joined:
    Mar 12, 2008
    Location:
    Get off my lawn.
    Rating
    100%
    Will be fine. I'd suggest getting an attorney to do the trust if you're really serious about putting other assets in it. Just for the peace of mind that it's done right.
     
  3. Hump66

    Hump66 Sharpshooter

    Messages:
    4,477
    Likes Received:
    8
    Joined:
    Mar 6, 2009
    Location:
    42
    I thought trusts for NFA items were revocable, but generally trusts for other items(house, car, assets) were irrevocable?
     
  4. uncle money bags

    uncle money bags Sharpshooter

    Messages:
    5,376
    Likes Received:
    7
    Joined:
    Jul 22, 2009
    Location:
    OKC
    Rating
    100%
    Seek legal counsel on this matter. Specifically a trust attorney who does both NFA and other asset trusts.
    I recommend Matthew Winton 478 4818.
     

Share This Page