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Posted: 8/25/2014 7:21:43 PM EDT
[#1]
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For those in the know. Would it be a stupid idea to put a GF on a trust? I don't think you can transfer ownership of a GF to a trust. |
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Posted: 8/25/2014 7:22:16 PM EDT
[#2]
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I don't think you can transfer ownership of a GF to a trust. Quote HistoryQuoted:
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For those in the know. Would it be a stupid idea to put a GF on a trust? I don't think you can transfer ownership of a GF to a trust. 
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Posted: 8/25/2014 7:22:28 PM EDT
[#3]
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OP is always finding deals and posting them here... My credit card hates you.
Now that I am waiting for the trust to get created - what's next? 1)Once I get the paperwork, go get it notarized? 2) How do I add that $1 to the trust to "activate it" and make it legit? 3) once 1 and 2 are complete, I assume I can run down to the local fun stuff store to order fun stuff, correct?  1) Yep. 2) You fill out the schedule A and write "$1 Federal Reserve Note Serial #87" on it. 3) Pretty much. |
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Posted: 8/25/2014 7:23:10 PM EDT
[#4]
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For those in the know. Would it be a stupid idea to put a GF on a trust? I don't think you can transfer ownership of a GF to a trust. On a more serious note, if she has access to the safe she should be added as an authorized user (not as a co-trustee). When you make her an honest woman you can decide on whether she should be a co-trustee or not. |
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Posted: 8/25/2014 7:23:12 PM EDT
[#5]
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Yes. Quote HistoryQuoted:
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For those in the know. Would it be a stupid idea to put a GF on a trust? Yes. So adding and dropping trustee's isnt an easy process? |
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Posted: 8/25/2014 7:24:01 PM EDT
[#6]
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So adding and dropping trustee's isnt an easy process? Quote HistoryQuoted:
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For those in the know. Would it be a stupid idea to put a GF on a trust? Yes. So adding and dropping trustee's isnt an easy process? Once someone is a trustee THEY have to sign off on being removed as a trustee. Adding and removing authorized persons (users) is different. They have no power to control the trust, they just have legal access to the trust equipment. |
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Posted: 8/25/2014 7:24:34 PM EDT
[#7]
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On a more serious note, if she has access to the safe she should be added as an authorized user (not as a co-trustee). When you make her an honest woman you can decide on whether she should be a co-trustee or not. Quote HistoryQuoted:
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For those in the know. Would it be a stupid idea to put a GF on a trust? I don't think you can transfer ownership of a GF to a trust. On a more serious note, if she has access to the safe she should be added as an authorized user (not as a co-trustee). When you make her an honest woman you can decide on whether she should be a co-trustee or not. So an authorized user can use the NFA items but not add and delete shit from the trust? ETA: answered above. Thank you. |
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Posted: 8/25/2014 7:25:29 PM EDT
[#8]
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So an authorized user can use the NFA items but not add and delete shit from the trust? Bingo. |
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Posted: 8/25/2014 7:25:34 PM EDT
[#9]
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Once someone is a trustee THEY have to sign off on being removed as a trustee. Adding and removing authorized persons (users) is different. They have no power to control the trust, they just have legal access to the trust equipment. Quote HistoryQuoted:
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For those in the know. Would it be a stupid idea to put a GF on a trust? Yes. So adding and dropping trustee's isnt an easy process? Once someone is a trustee THEY have to sign off on being removed as a trustee. Adding and removing authorized persons (users) is different. They have no power to control the trust, they just have legal access to the trust equipment. +1. If shes a co-trustee and you piss her off... she has legal access to all the fun stuff. |
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Posted: 8/25/2014 7:26:11 PM EDT
[#10]
Remember - a co-trustee can SELL assets held by the trust (or distribute funds from the trust). An authorized user cannot execute a transfer of assets.
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Posted: 8/25/2014 7:28:21 PM EDT
[#11]
i want to do it!! but have absolutely no clue how to do it
 is there a write up that lays it out step by step in black and white? even screen shots of an example trust?
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Posted: 8/25/2014 7:30:32 PM EDT
[#12]
Quote HistoryQuoted: i want to do it!! but have absolutely no clue how to do it is there a write up that lays it out step by step in black and white? even screen shots of an example trust? |
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Posted: 8/25/2014 7:31:04 PM EDT
[#13]
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i want to do it!! but have absolutely no clue how to do it is there a write up that lays it out step by step in black and white? even screen shots of an example trust?(I am not a lawyer) 1. Get a trust (from your lawyer, from 199trusts, etc) and get it filled out 2. Fund the trust ($1 gets you started - Schedule A) 3. Get it notarized 4. (Optional) Setup a bank account for the trust (to be used for sending checks to BATFE or buying stuff for the trust) 5. Use the trust when sending in Form 1 or Form 4. 6. Pew pew pew |
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Posted: 8/25/2014 7:31:07 PM EDT
[#14]
Welp, I just bought one. Here comes the NFAids.
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Posted: 8/25/2014 7:33:23 PM EDT
[#15]
Quote HistoryQuoted: Quote HistoryQuoted: Quoted: Quoted: For those in the know. Would it be a stupid idea to put a GF on a trust? I don't think you can transfer ownership of a GF to a trust. I shall tell her she is property of my trust, and see how well that will work... 
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Posted: 8/25/2014 7:33:41 PM EDT
[#16]
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Just do it! The website was literally as simple as filling in your name and email. I think it was 10 total fields. They handle the legal language. Quote HistoryQuoted:
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i want to do it!! but have absolutely no clue how to do it is there a write up that lays it out step by step in black and white? even screen shots of an example trust?how many people do i need for co trustees/beneficiaries do i need? |
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Posted: 8/25/2014 7:34:10 PM EDT
[#17]
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I transferred my wife to mine. Or put her as a Co something. Guess I'll find out which soon. I shall tell her she is property of my trust, and see how well that will work... Quote HistoryQuoted:
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For those in the know. Would it be a stupid idea to put a GF on a trust? I don't think you can transfer ownership of a GF to a trust. I shall tell her she is property of my trust, and see how well that will work... If your wife is owned by your trust, your list of authorized users should be interesting reading material. |
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Posted: 8/25/2014 7:34:41 PM EDT
[#18]
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how many people do i need for co trustees/beneficiaries do i need? Quote HistoryQuoted:
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i want to do it!! but have absolutely no clue how to do it is there a write up that lays it out step by step in black and white? even screen shots of an example trust?how many people do i need for co trustees/beneficiaries do i need? You only need yourself. You can add as many as you desire, but you only need 1 (you). |
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Posted: 8/25/2014 7:35:06 PM EDT
[#19]
Good looking out OP!!
Whats best is this offer is valid for a while! Gonna tag for later. Thanks man!! Ive been waiting for something like this to come along.  |
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Posted: 8/25/2014 7:39:40 PM EDT
[#20]
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Once someone is a trustee THEY have to sign off on being removed as a trustee. Adding and removing authorized persons (users) is different. They have no power to control the trust, they just have legal access to the trust equipment. Quote HistoryQuoted:
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For those in the know. Would it be a stupid idea to put a GF on a trust? Yes. So adding and dropping trustee's isnt an easy process? Once someone is a trustee THEY have to sign off on being removed as a trustee. Adding and removing authorized persons (users) is different. They have no power to control the trust, they just have legal access to the trust equipment. Never heard about the authorized user part before today. Definitely is pushing me to get one now. So could you leave your NFA items with an authorized user and still be OK in ATFs mind. Like I leave town and she uses the trust suppressor? Just want to make sure
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Posted: 8/25/2014 7:42:16 PM EDT
[#21]
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Never heard about the authorized user part before today. Definitely is pushing me to get one now. So could you leave your NFA items with an authorized user and still be OK in ATFs mind. Like I leave town and she uses the trust suppressor? Just want to make sure
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For those in the know. Would it be a stupid idea to put a GF on a trust? Yes. So adding and dropping trustee's isnt an easy process? Once someone is a trustee THEY have to sign off on being removed as a trustee. Adding and removing authorized persons (users) is different. They have no power to control the trust, they just have legal access to the trust equipment. Never heard about the authorized user part before today. Definitely is pushing me to get one now. So could you leave your NFA items with an authorized user and still be OK in ATFs mind. Like I leave town and she uses the trust suppressor? Just want to make sure
Yes. That is, to the best of my knowledge and to the extent that my attorney explained it, exactly how it works and why to have them. My trust has authorized users, including those who do not have regular access to trust assets but could be trusted alone with them (think "Something happened and I had to leave the range under duress, this person would be the one securing my gear") |
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Posted: 8/25/2014 7:45:30 PM EDT
[#22]
I have been chewing on the notion of getting a trust for a couple years now.
Thanks for posting this. |
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Posted: 8/25/2014 7:45:37 PM EDT
[#23]
Guess I'll have a trust now.
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Posted: 8/25/2014 7:52:18 PM EDT
[#24]
I just purchased one.
Thank you op!!! |
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Posted: 8/25/2014 7:54:02 PM EDT
[#25]
Well, I did it.
Coupon purchased, and now I have to come up with a name for the trust and decide who I want on it, and in what capacity.
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Posted: 8/25/2014 7:54:06 PM EDT
[#26]
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I just purchased one.
Thank you op!!! You're welcome.... Welcome to the dark side. |
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Posted: 8/25/2014 7:54:06 PM EDT
[#27]
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Yes. That is, to the best of my knowledge and to the extent that my attorney explained it, exactly how it works and why to have them. My trust has authorized users, including those who do not have regular access to trust assets but could be trusted alone with them (think "Something happened and I had to leave the range under duress, this person would be the one securing my gear") Quote HistoryQuoted:
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Yes. So adding and dropping trustee's isnt an easy process? Once someone is a trustee THEY have to sign off on being removed as a trustee. Adding and removing authorized persons (users) is different. They have no power to control the trust, they just have legal access to the trust equipment. Never heard about the authorized user part before today. Definitely is pushing me to get one now. So could you leave your NFA items with an authorized user and still be OK in ATFs mind. Like I leave town and she uses the trust suppressor? Just want to make sure
Yes. That is, to the best of my knowledge and to the extent that my attorney explained it, exactly how it works and why to have them. My trust has authorized users, including those who do not have regular access to trust assets but could be trusted alone with them (think "Something happened and I had to leave the range under duress, this person would be the one securing my gear") Thanks man. 
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Posted: 8/25/2014 7:55:25 PM EDT
[#28]
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Well, I did it. Coupon purchased, and now I have to come up with a name for the trust and decide who I want on it, and in what capacity.Protip - If you SBR a gun you need to engrave your trust name on it. Long fancy names don't fit so well. Simple names work well. "The BobTheGreat Trust" works better than "The Freedom To Own Whatever I Fucking Want And May Painful Fuck Be Upon The Liberals Trust" |
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Posted: 8/25/2014 7:57:16 PM EDT
[#29]
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Once someone is a trustee THEY have to sign off on being removed as a trustee. Adding and removing authorized persons (users) is different. They have no power to control the trust, they just have legal access to the trust equipment. Quote HistoryQuoted:
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For those in the know. Would it be a stupid idea to put a GF on a trust? Yes. So adding and dropping trustee's isnt an easy process? Once someone is a trustee THEY have to sign off on being removed as a trustee. Adding and removing authorized persons (users) is different. They have no power to control the trust, they just have legal access to the trust equipment. I'm not a lawyer, but that doesn't sound right. The grantor of the trust can revoke or amend the trust any time he likes any way he sees fit is my understanding. Including adding or removing trustees. |
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Posted: 8/25/2014 7:58:33 PM EDT
[#30]
how do you add the authorized users?
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Posted: 8/25/2014 7:59:45 PM EDT
[#31]
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I'm not a lawyer, but that doesn't sound right. The grantor of the trust can revoke or amend the trust any time he likes any way he sees fit is my understanding. Including adding or removing trustees. Quote HistoryQuoted:
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For those in the know. Would it be a stupid idea to put a GF on a trust? Yes. So adding and dropping trustee's isnt an easy process? Once someone is a trustee THEY have to sign off on being removed as a trustee. Adding and removing authorized persons (users) is different. They have no power to control the trust, they just have legal access to the trust equipment. I'm not a lawyer, but that doesn't sound right. The grantor of the trust can revoke or amend the trust any time he likes any way he sees fit is my understanding. Including adding or removing trustees. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. I am not a lawyer. In other words, you very well are likely to be right. Either way, I recall being told that to remove a co-trustee the co-trustee needed to fill out a form and sign it that removed them from the trust. |
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Posted: 8/25/2014 8:08:29 PM EDT
[#32]
I guess now I have to start buying NFA stuff.
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Posted: 8/25/2014 8:16:18 PM EDT
[#33]
Two questions....
Is there any maintenance involved with this trust? Does it ever expire? |
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Posted: 8/25/2014 8:18:00 PM EDT
[#34]
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Two questions.... Is there any maintenance involved with this trust? Does it ever expire? Already answered in this thread. |
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Posted: 8/25/2014 8:18:32 PM EDT
[#35]
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Two questions.... Is there any maintenance involved with this trust? Does it ever expire? No and no. |
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Posted: 8/25/2014 8:22:49 PM EDT
[#36]
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No and no. Quote HistoryQuoted:
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Two questions.... Is there any maintenance involved with this trust? Does it ever expire? No and no. Thank you. So, after it is complete and I transfer a lower into it, I can have the lower engraved with the trust name, submit my forms to the alphabet army with a $200 check and can build an SBR once my stamp comes back? |
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Posted: 8/25/2014 8:24:11 PM EDT
[#37]
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Thank you. So, after it is complete and I transfer a lower into it, I can have the lower engraved with the trust name, submit my forms to the alphabet army with a $200 check and can build an SBR once my stamp comes back? Quote HistoryQuoted:
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Two questions.... Is there any maintenance involved with this trust? Does it ever expire? No and no. Thank you. So, after it is complete and I transfer a lower into it, I can have the lower engraved with the trust name, submit my forms to the alphabet army with a $200 check and can build an SBR once my stamp comes back? That's the idea. |
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Posted: 8/25/2014 8:25:01 PM EDT
[#38]
Just ordered one thanks for the heads up op.
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Posted: 8/25/2014 8:29:17 PM EDT
[#39]
If my wife and I are trustees, upon my death she can continue to own the goods in the trust, control and change the trust, correct? In other words, I kick the bucket, no one can come along and take the things in the trust away, right?
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Posted: 8/25/2014 8:30:23 PM EDT
[#40]
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If my wife and I are trustees, upon my death she can continue to own the goods in the trust, control and change the trust, correct? In other words, I kick the bucket, no one can come along and take the things in the trust away, right? Yes. |
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Posted: 8/25/2014 8:31:44 PM EDT
[#41]
Done... You bastard.
I've been putting this off forever. |
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Posted: 8/25/2014 8:33:59 PM EDT
[#42]
Quote HistoryQuoted: Done... You bastard. I've been putting this off forever. I know, right? I've been threatening to do this forever and this is too cheap to pass up. Thanks to everyone in this thread for your Thumbs Ups and advice.
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Posted: 8/25/2014 8:34:05 PM EDT
[#43]
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Several members here have used 199trust and can probably speak to how it worked for them. If you're thinking about setting up an NFA trust, this might be a good option for you. Note: I am not a lawyer. I strongly recommend that you consult with your attorney to verify any state specific restrictions or laws related to NFA devices and/or trusts. Link left cold as Gear Hog is not an Industry Partner (and is kinda like Groupon): http://www.gearhog.com Sounds like a good price. My LGS did my Trust for $99 Saint Peter |
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Posted: 8/25/2014 8:34:47 PM EDT
[#44]
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For those in the know. Would it be a stupid idea to put a GF on a trust? Yes! 
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Posted: 8/25/2014 8:35:00 PM EDT
[#45]
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Protip - If you SBR a gun you need to engrave your trust name on it. Long fancy names don't fit so well. Simple names work well. "The BobTheGreat Trust" works better than "The Freedom To Own Whatever I Fucking Want And May Painful Fuck Be Upon The Liberals Trust" Quote HistoryQuoted:
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Well, I did it. Coupon purchased, and now I have to come up with a name for the trust and decide who I want on it, and in what capacity.Protip - If you SBR a gun you need to engrave your trust name on it. Long fancy names don't fit so well. Simple names work well. "The BobTheGreat Trust" works better than "The Freedom To Own Whatever I Fucking Want And May Painful Fuck Be Upon The Liberals Trust" What about adding an existing SBR to a new trust? |
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Posted: 8/25/2014 8:36:23 PM EDT
[#46]
Quote HistoryQuoted: Yes. Quote HistoryQuoted: Quoted: If my wife and I are trustees, upon my death she can continue to own the goods in the trust, control and change the trust, correct? In other words, I kick the bucket, no one can come along and take the things in the trust away, right? Yes. What happens if my wife and I are both Trustees and kick the bucket, but there is someone else is on the trust? Can you use a form 4 to transfer a midget girlfriend? |
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Posted: 8/25/2014 8:37:54 PM EDT
[#47]
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how many people do i need for co trustees/beneficiaries do i need? Quote HistoryQuoted:
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i want to do it!! but have absolutely no clue how to do it is there a write up that lays it out step by step in black and white? even screen shots of an example trust?how many people do i need for co trustees/beneficiaries do i need? None. Saint Peter |
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Posted: 8/25/2014 8:40:49 PM EDT
[#48]
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What about adding an existing SBR to a new trust? Quote HistoryQuoted:
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Well, I did it. Coupon purchased, and now I have to come up with a name for the trust and decide who I want on it, and in what capacity.Protip - If you SBR a gun you need to engrave your trust name on it. Long fancy names don't fit so well. Simple names work well. "The BobTheGreat Trust" works better than "The Freedom To Own Whatever I Fucking Want And May Painful Fuck Be Upon The Liberals Trust" What about adding an existing SBR to a new trust? You will have to pay the transfer tax to transfer ownership to the trust. |
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Posted: 8/25/2014 8:42:16 PM EDT
[#49]
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What happens if my wife and I are both Trustees and kick the bucket, but there is someone else is on the trust? Can you use a form 4 to transfer a midget girlfriend?
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If my wife and I are trustees, upon my death she can continue to own the goods in the trust, control and change the trust, correct? In other words, I kick the bucket, no one can come along and take the things in the trust away, right? Yes. What happens if my wife and I are both Trustees and kick the bucket, but there is someone else is on the trust? Can you use a form 4 to transfer a midget girlfriend?
Mine has a beneficiary designated should that happen.... but my beneficiary is not a midget. |
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Posted: 8/25/2014 8:49:01 PM EDT
[#50]
So with that new law looming from the ATF on trusts... will this be a way to be "grandfathered" after (if) it takes effect? Or would I need to go and get a CLEO signoff on the trust after? Real new to this game, before getting in kinda curious.
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