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Posted: 5/14/2015 4:46:20 AM EDT
just passing on what I just read; I ain't no NFA Trust expert nor attorney, BUT:
Mike Williamson, SurvivalBlog Editor At Large
Also from Mike Williamson (actually his attorney):

“According to the BATFE NFA guy at the NRA annual meeting (I’d like to buy a Z, Pat), a ridiculous number of NFA trusts, presumably built on a sample once shared on Arfcom, all have the same beneficiary. That dude is going to inherit a ridiculous amount of cash and NFA stuff one of these days (the BATFE believes the number is in the thousands for the guns alone). The BATFE rep also said that many store and manufacturer trusts, specifically [redacted company], are worthless and insufficient to meet the definition of a trust.”

Mike says: “If you have a trust, check it carefully. It is well worth protecting your investment by consulting with a firearms attorney rather than another type of attorney, the Internet, or a store.”
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Link Posted: 5/14/2015 6:49:03 AM EDT
[#1]
That would be absolutely hilarious if true.

You should cross post in GD.
Link Posted: 5/14/2015 8:20:18 PM EDT
[#2]
You should cross post in GD.
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Done!
Link Posted: 5/15/2015 12:08:25 AM EDT
[#3]
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Quoted:
That would be absolutely hilarious if true.

You should cross post in GD.
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I guarantee you that it's happened.  Not to mention how many NFA trusts that may have failed under thier own state statutes.
Link Posted: 5/15/2015 12:12:33 AM EDT
[#4]
Link Posted: 5/15/2015 10:10:05 AM EDT
[#5]
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Quoted:


It may cost a little more to have an attorney create one but in my opinion it is money well spent.  
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Quoted:
Quoted:
Quoted:
That would be absolutely hilarious if true.

You should cross post in GD.



I guarantee you that it's happened.  Not to mention how many NFA trusts that may have failed under thier own state statutes.


It may cost a little more to have an attorney create one but in my opinion it is money well spent.  


But what's the problem?  You can make a template or quicken trust, even have guns owned by that trust, and then have the trust completely restated by an attorney if you so choose at any time.  This can be a "from scratch" rewrite of the terms, beneficiaries, and trustees of the trust, but the trust will have the same name, date, and maintains possession of all property owned by the original trust.

http://wills.about.com/od/overviewoftrusts/a/trustamendment.htm
Link Posted: 5/15/2015 11:36:55 AM EDT
[#6]
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Quoted:


But what's the problem?  You can make a template or quicken trust, even have guns owned by that trust, and then have the trust completely restated by an attorney if you so choose at any time.  This can be a "from scratch" rewrite of the terms, beneficiaries, and trustees of the trust, but the trust will have the same name, date, and maintains possession of all property owned by the original trust.

http://wills.about.com/od/overviewoftrusts/a/trustamendment.htm
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Assuming your internet trust gives you the power amend or restate, then yes. But why not have it done correctly the first time around?

If you want to get down to bare minimums, you don't even need a written document to create a valid trust in my state. Oral trusts are a thing. Now, the ATF won't approve it, so you'll need a writing to send them. A crayon and a bar napkin are enough to do that.

If "getting a stamp" is your sole criteria for judging the quality of a trust, then I'm not kidding about a bar napkin and a crayon. That's all you need.
Link Posted: 5/15/2015 9:02:59 PM EDT
[#7]
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Quoted:


Assuming your internet trust gives you the power amend or restate, then yes. But why not have it done correctly the first time around?

If you want to get down to bare minimums, you don't even need a written document to create a valid trust in my state. Oral trusts are a thing. Now, the ATF won't approve it, so you'll need a writing to send them. A crayon and a bar napkin are enough to do that.

If "getting a stamp" is your sole criteria for judging the quality of a trust, then I'm not kidding about a bar napkin and a crayon. That's all you need.
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:


But what's the problem?  You can make a template or quicken trust, even have guns owned by that trust, and then have the trust completely restated by an attorney if you so choose at any time.  This can be a "from scratch" rewrite of the terms, beneficiaries, and trustees of the trust, but the trust will have the same name, date, and maintains possession of all property owned by the original trust.

http://wills.about.com/od/overviewoftrusts/a/trustamendment.htm


Assuming your internet trust gives you the power amend or restate, then yes. But why not have it done correctly the first time around?

If you want to get down to bare minimums, you don't even need a written document to create a valid trust in my state. Oral trusts are a thing. Now, the ATF won't approve it, so you'll need a writing to send them. A crayon and a bar napkin are enough to do that.

If "getting a stamp" is your sole criteria for judging the quality of a trust, then I'm not kidding about a bar napkin and a crayon. That's all you need.


Of course, if you have the money and knowledge from the get-go, have a lawyer do it.  But it's hard to know sometimes what kind of lawyer to turn to for NFA stuff.  Many T&E lawyers don't know the specifics of NFA stuff, and some "NFA specialist" lawyers are shady FUD-spreaders (GunTrustLawyer being a shining example).

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