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Posted: 11/15/2012 12:56:37 PM EST
I plan on doing a NFA trust, what is the prcoess on doing one?
Link Posted: 11/15/2012 12:58:03 PM EST
I paid a lawyer to do mine (mostly so I'd have him to fall back on of there were ever any issues). However, there are plenty of people here who have done trusts on Quicken.
Link Posted: 11/15/2012 1:00:21 PM EST
thanks, I have a lawyer getting one typed up
Link Posted: 11/15/2012 1:01:37 PM EST
1. Go to lawyer. Make sure you bring money to pay lawyer.

2. Ask lawyer to draw up a revocable living trust for holding NFA weapons. Be sure to give lawyer money.

3. Pay lawyer. Make sure you pay lawyer.

4. Buy toys. Did you pay your lawyer?




Did I mention I'm a lawyer?

Link Posted: 11/15/2012 1:01:55 PM EST
[Last Edit: 11/15/2012 1:02:46 PM EST by 57Strat]
1. Call lawyer (check the hometown forum to find attorney in your state than specializes in NFA trusts) and give him your name, address, name of Trust, County, beneficiary, and credit card number. (about $300)
2. Receive Trust via email in a day or so.
3. Print document and take it to Notary to witness your signature
4. Make copy of completed document to submit to BATF
5. Get some NFA goodness
Link Posted: 11/15/2012 1:02:29 PM EST
Buy Quicken Will maker for $25 bucks, get notarized.
Link Posted: 11/15/2012 1:02:59 PM EST
Link Posted: 11/15/2012 1:03:31 PM EST
Originally Posted By shaggy:
1. Go to lawyer. Make sure you bring money to pay lawyer.

2. Ask lawyer to draw up a revocable living trust for holding NFA weapons. Be sure to give lawyer money.

3. Pay lawyer. Make sure you pay lawyer.

4. Buy toys. Did you pay your lawyer?




Did I mention I'm a lawyer?



Link Posted: 11/15/2012 1:04:12 PM EST

Originally Posted By vp62ift:
thanks, I have a lawyer getting one typed up

That's the route I went.

I had it within a few days, quick and easy, and well worth the money.
Link Posted: 11/15/2012 1:06:53 PM EST
Originally Posted By 57Strat:
1. Call lawyer (check the hometown forum to find attorney in your state than specializes in NFA trusts) and give him your name, address, name of Trust, County, beneficiary, and credit card number. (about $300)
2. Receive Trust via email in a day or so.
3. Print document and take it to Notary to witness your signature
4. Make copy of completed document to submit to BATF
5. Get some NFA goodness


Who did you use for your trust? IM me if you don't want to make that public, and if you don't want to tell me, well, I'll get over it.
Link Posted: 11/15/2012 1:07:21 PM EST
Originally Posted By vp62ift:
I plan on doing a NFA trust, what is the prcoess on doing one?


I had a lawyer in my state draw one up. Some people use Willmaker, I didn't want to take the chance that it wasn't bulletproof.
It was easy, gave the lawyer the who's on the trust (family & kids), paid her, opened an account in the trust name, and started buying stuff & waiting.

Be warned; once you buy a couple of suppressors you'll want to suppress everything. And you'll file a form 1 for an SBR (at least one). Now I'm also shopping for a MAC to put a Lage upper on, and either a registered HK sear for the HKs or an RDIAS for the ARs.

It's addictive, expensive as hell and you have to be patient.

Link Posted: 11/15/2012 1:08:42 PM EST
Originally Posted By rangermonroe:
Buy Quicken Will maker for $25 bucks, get notarized.


Curious how many have done this and if it's ever caused problems for anyone.

I know that folks like to have a lawyer to fall back on, but it seems like a trust would be a pretty easy thing to set up.
Link Posted: 11/15/2012 1:15:48 PM EST
Never did the quicken route.

TX guys have a couple of lawyers that will take care of arfcommers.

Search the hometown forum for bigcbass (Dallas) and SC-Texas (Houston)

Both come highly recommended.
Link Posted: 11/15/2012 1:18:07 PM EST
[Last Edit: 11/15/2012 1:20:53 PM EST by pcsutton]

Originally Posted By 57Strat:
1. Call lawyer (check the hometown forum to find attorney in your state than specializes in NFA trusts) and give him your name, address, name of Trust, County, beneficiary, and credit card number. (about $300)
2. Receive Trust via email in a day or so.
3. Print document and take it to Notary to witness your signature
4. Make copy of completed document to submit to BATF
5. Get some NFA goodness

I scanned the signed and notarized signature and acknowledgement page and keep it in a file with the rest of the trust file in .pdf format. The original is in my safe.

When I buy a new toy, I just print out the .pdf files and staple them up to send with my Form 4. Never have to touch the original except to add an updated Exhibit "A" with the new toy listed.

Link Posted: 11/15/2012 1:18:16 PM EST
Originally Posted By sirostac:
Never did the quicken route.

TX guys have a couple of lawyers that will take care of arfcommers.

Search the hometown forum for bigcbass (Dallas) and SC-Texas (Houston)

Both come highly recommended.



Also member TheGunCollector s wife is a lawyer & did mine here in CO for a reasonable price. She revised it gratis, too.
Link Posted: 11/15/2012 1:18:26 PM EST
[Last Edit: 11/15/2012 1:20:39 PM EST by 57Strat]
Originally Posted By DPeacher:
Originally Posted By 57Strat:
1. Call lawyer (check the hometown forum to find attorney in your state than specializes in NFA trusts) and give him your name, address, name of Trust, County, beneficiary, and credit card number. (about $300)
2. Receive Trust via email in a day or so.
3. Print document and take it to Notary to witness your signature
4. Make copy of completed document to submit to BATF
5. Get some NFA goodness


Who did you use for your trust? IM me if you don't want to make that public, and if you don't want to tell me, well, I'll get over it.


No problem. I used ar15.com member SC-Texas (Sean Cody)

http://www.texasnfatrust.com/

Here he is....
Link Posted: 11/15/2012 1:19:32 PM EST
[Last Edit: 11/15/2012 1:23:15 PM EST by shaggy]
Originally Posted By 74novaman:
Originally Posted By rangermonroe:
Buy Quicken Will maker for $25 bucks, get notarized.


Curious how many have done this and if it's ever caused problems for anyone.

I know that folks like to have a lawyer to fall back on, but it seems like a trust would be a pretty easy thing to set up.



Ok, you know I'm biased, but consider this; you're setting up a legal entity to hold NFA items. If the entity is invalidated for some minor reason, BATFE can (maybe they will, maybe they won't in actual practice), but can seize the items. At that point you're going to pay a lawyer a LOT more to unfuck the situation than if you just spent the $300 or so to get it done right at the beginning. And BATFE has been taking a harder look at the validity of trusts in the past couple of years. And if you're going to use a trust to buy a machinegun, that $300 or so is a paltry sum to make sure its done right and to have someone on the hook if its not.

I really don't get these guys who want to use a trust to legally acquire expensive NFA weapons, but risk it by getting cheap on forming the entity that legally possesses them. Penny wise, pound foolish.
Link Posted: 11/15/2012 1:22:24 PM EST
Originally Posted By 74novaman:
Originally Posted By rangermonroe:
Buy Quicken Will maker for $25 bucks, get notarized.


Curious how many have done this and if it's ever caused problems for anyone.

I know that folks like to have a lawyer to fall back on, but it seems like a trust would be a pretty easy thing to set up.


Literally thousands. Check the NFA section here, or any of the NFA-specific boards.
Link Posted: 11/15/2012 1:22:58 PM EST
Originally Posted By 57Strat:
Originally Posted By DPeacher:
Originally Posted By 57Strat:
1. Call lawyer (check the hometown forum to find attorney in your state than specializes in NFA trusts) and give him your name, address, name of Trust, County, beneficiary, and credit card number. (about $300)
2. Receive Trust via email in a day or so.
3. Print document and take it to Notary to witness your signature
4. Make copy of completed document to submit to BATF
5. Get some NFA goodness


Who did you use for your trust? IM me if you don't want to make that public, and if you don't want to tell me, well, I'll get over it.


No problem. I used ar15.com member SC-Texas (Sean Cody)

http://www.texasnfatrust.com/

Here he is....
http://www.texasnfatrust.com/images/2009-7-4%20%20Cress%20Photos%20-%20AtomicLabRat%20-%20M249.jpg


Too bad he's in Houston. Need to find someone in DFW.
Link Posted: 11/15/2012 1:23:53 PM EST
Originally Posted By CouncilOfDave:

Originally Posted By vp62ift:
thanks, I have a lawyer getting one typed up

That's the route I went.

I had it within a few days, quick and easy, and well worth the money.


Me three.
Link Posted: 11/15/2012 1:24:15 PM EST
Link Posted: 11/15/2012 1:24:37 PM EST
Originally Posted By 74novaman:
Originally Posted By rangermonroe:
Buy Quicken Will maker for $25 bucks, get notarized.


Curious how many have done this and if it's ever caused problems for anyone.

I know that folks like to have a lawyer to fall back on, but it seems like a trust would be a pretty easy thing to set up.


I did a quicken trust worked just fine on a Form 1 and a Form 4.
Link Posted: 11/15/2012 1:25:38 PM EST
Originally Posted By _DR:
Originally Posted By 57Strat:
Originally Posted By DPeacher:
Originally Posted By 57Strat:
1. Call lawyer (check the hometown forum to find attorney in your state than specializes in NFA trusts) and give him your name, address, name of Trust, County, beneficiary, and credit card number. (about $300)
2. Receive Trust via email in a day or so.
3. Print document and take it to Notary to witness your signature
4. Make copy of completed document to submit to BATF
5. Get some NFA goodness


Who did you use for your trust? IM me if you don't want to make that public, and if you don't want to tell me, well, I'll get over it.


No problem. I used ar15.com member SC-Texas (Sean Cody)

http://www.texasnfatrust.com/

Here he is....
http://www.texasnfatrust.com/images/2009-7-4%20%20Cress%20Photos%20-%20AtomicLabRat%20-%20M249.jpg


Too bad he's in Houston. Need to find someone in DFW.


Doesn't matter where you are in texas. All it takes is a 5 minute phone call and then he emails you the document.
Link Posted: 11/15/2012 1:27:52 PM EST
Originally Posted By 57Strat:
Originally Posted By DPeacher:
Originally Posted By 57Strat:
1. Call lawyer (check the hometown forum to find attorney in your state than specializes in NFA trusts) and give him your name, address, name of Trust, County, beneficiary, and credit card number. (about $300)
2. Receive Trust via email in a day or so.
3. Print document and take it to Notary to witness your signature
4. Make copy of completed document to submit to BATF
5. Get some NFA goodness


Who did you use for your trust? IM me if you don't want to make that public, and if you don't want to tell me, well, I'll get over it.


No problem. I used ar15.com member SC-Texas (Sean Cody)

http://www.texasnfatrust.com/

Here he is....
http://www.texasnfatrust.com/images/2009-7-4%20%20Cress%20Photos%20-%20AtomicLabRat%20-%20M249.jpg


Excellent! I've met Sean at one or both of the Gunstocks. He's a good man!
Link Posted: 11/15/2012 1:29:24 PM EST

Originally Posted By Caboose314:
I paid a lawyer to do mine (mostly so I'd have him to fall back on of there were ever any issues). However, there are plenty of people here who have done trusts on Quicken.

Ditto. I paid $500 a few years back and don't regret it.
Link Posted: 11/15/2012 1:30:06 PM EST
Is breathing complicated for you? If so, yes.

If breathing is not complicated for you, then no, no it isn't.
Link Posted: 11/15/2012 1:32:20 PM EST
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?
Link Posted: 11/15/2012 1:33:20 PM EST
Originally Posted By woob44:
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?


No. Not even close to normal.

Only GunTrustLawyer charges near that.
Link Posted: 11/15/2012 1:34:46 PM EST
Mine was $80.00.
Link Posted: 11/15/2012 1:40:51 PM EST
Originally Posted By andrasik:
Originally Posted By woob44:
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?


No. Not even close to normal.

Only GunTrustLawyer charges near that.


Yep. I think mine was $350-400 ish. Probably $350. Can't remember.

Link Posted: 11/15/2012 1:40:59 PM EST
Originally Posted By andrasik:
Originally Posted By woob44:
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?


No. Not even close to normal.

Only GunTrustLawyer charges near that.


Oddly enough, that's where I found this guy.
Link Posted: 11/15/2012 1:44:44 PM EST
[Last Edit: 11/15/2012 1:45:18 PM EST by CouncilOfDave]

Originally Posted By woob44:
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?

That's about what I paid for mine, though mine was a bit cheaper.
Link Posted: 11/15/2012 1:47:05 PM EST

Originally Posted By _DR:
Originally Posted By 57Strat:
Originally Posted By DPeacher:
Originally Posted By 57Strat:
1. Call lawyer (check the hometown forum to find attorney in your state than specializes in NFA trusts) and give him your name, address, name of Trust, County, beneficiary, and credit card number. (about $300)
2. Receive Trust via email in a day or so.
3. Print document and take it to Notary to witness your signature
4. Make copy of completed document to submit to BATF
5. Get some NFA goodness


Who did you use for your trust? IM me if you don't want to make that public, and if you don't want to tell me, well, I'll get over it.


No problem. I used ar15.com member SC-Texas (Sean Cody)

http://www.texasnfatrust.com/

Here he is....
http://www.texasnfatrust.com/images/2009-7-4%20%20Cress%20Photos%20-%20AtomicLabRat%20-%20M249.jpg


Too bad he's in Houston. Need to find someone in DFW.

IM this guy http://www.ar15.com/member/member.html?id=175834

Link Posted: 11/15/2012 1:51:32 PM EST
Originally Posted By woob44:
Originally Posted By andrasik:
Originally Posted By woob44:
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?


No. Not even close to normal.

Only GunTrustLawyer charges near that.


Oddly enough, that's where I found this guy.


Yeah, that guy is a fearmongering douche IMO.

You're in CO, IM TheGunCollector about CO trusts. His wife does them for significantly less.
Link Posted: 11/15/2012 1:51:55 PM EST
meh i just used my business..
Link Posted: 11/15/2012 1:52:32 PM EST
I'm thankful my local Sheriff is NFA friendly.

The lady taking my fingerprints asked if I had a CCW yet. She said my FL CCW is "a good one, you can carry in a lot of states."

The Sheriff wished me luck hog hunting, or whatever I was going to do with it.
Link Posted: 11/15/2012 1:52:36 PM EST
[Last Edit: 11/15/2012 1:55:48 PM EST by VBC]
I got mine done at the LGS I bought the suppressor. They had a notary on staff too. Free with the purchase of the suppressor. That route might not be comfortable for some but I have faith in it. Sent in August. Still waiting.

Once you have the trust you can keep adding toys to it like said.
Link Posted: 11/15/2012 1:52:53 PM EST
Originally Posted By andrasik:
Originally Posted By woob44:
Originally Posted By andrasik:
Originally Posted By woob44:
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?


No. Not even close to normal.

Only GunTrustLawyer charges near that.


Oddly enough, that's where I found this guy.


Yeah, that guy is a fearmongering douche IMO.

You're in CO, IM TheGunCollector about CO trusts. His wife does them for significantly less.


Thanks!
Link Posted: 11/15/2012 3:15:29 PM EST
Originally Posted By woob44:
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?


Wow.

I paid $50. Dealer I went through did it for me.
Link Posted: 11/15/2012 3:20:35 PM EST
Originally Posted By shaggy:
1. Go to lawyer. Make sure you bring money to pay lawyer.

2. Ask lawyer to draw up a revocable living trust for holding NFA weapons. Be sure to give lawyer money.

3. Pay lawyer. Make sure you pay lawyer.

4. Buy toys. Did you pay your lawyer?




Did I mention I'm a lawyer?



Contracts are written by lawyers so that you need to hire a lawyer to figure it out.... Talk about a racket, you not only help eachother get paid, but also insure your survivability in the market place...... I'm fond of a handshake. Personally.

Posted Via AR15.Com Mobile
Link Posted: 11/15/2012 3:25:43 PM EST
Paying a lawyer for this is ridiculous.

Quicken FTMFW
Link Posted: 11/15/2012 3:28:31 PM EST
Originally Posted By sinsir:
Originally Posted By shaggy:
1. Go to lawyer. Make sure you bring money to pay lawyer.

2. Ask lawyer to draw up a revocable living trust for holding NFA weapons. Be sure to give lawyer money.

3. Pay lawyer. Make sure you pay lawyer.

4. Buy toys. Did you pay your lawyer?




Did I mention I'm a lawyer?



Contracts are written by lawyers so that you need to hire a lawyer to figure it out.... Talk about a racket, you not only help eachother get paid, but also insure your survivability in the market place...... I'm fond of a handshake. Personally.

Posted Via AR15.Com Mobile


Somehow, I don't think the NFA is going to let you use a trust created by a mere handshake between the settlor and the trustees.

Link Posted: 11/15/2012 3:40:13 PM EST
How do you move an item in and out of a trust?
Link Posted: 11/15/2012 3:44:36 PM EST
For those of us looking in from the outside, what is the advantage of setting up a trust vs. just getting a stamp and filing the paperwork?

Link Posted: 11/15/2012 3:47:44 PM EST

Originally Posted By FlyingIllini:
Paying a lawyer for this is ridiculous.


That's my feeling as well.

A trust is an incredibly simple document.
Link Posted: 11/15/2012 3:50:05 PM EST
Originally Posted By Burnsy87:
Originally Posted By woob44:
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?


Wow.

I paid $50. Dealer I went through did it for me.


Wait, your LGS guy is practicing law? Frankly, I doubt he has a license to do so...


And I am NOT a lawyer
Link Posted: 11/15/2012 3:51:10 PM EST
Originally Posted By macro:
For those of us looking in from the outside, what is the advantage of setting up a trust vs. just getting a stamp and filing the paperwork?



You still have to do paperwork.. Just no CLEO sign off and no fingerprints.
Link Posted: 11/15/2012 3:57:02 PM EST
THIS
Originally Posted By APBullet:
How do you move an item in and out of a trust?


Link Posted: 11/15/2012 3:58:56 PM EST

Originally Posted By AR_Tech:
Originally Posted By 74novaman:
Originally Posted By rangermonroe:
Buy Quicken Will maker for $25 bucks, get notarized.


Curious how many have done this and if it's ever caused problems for anyone.

I know that folks like to have a lawyer to fall back on, but it seems like a trust would be a pretty easy thing to set up.


I did a quicken trust worked just fine on a Form 1 and a Form 4.

It worked for all 6 of my stamp collection.
Link Posted: 11/15/2012 3:59:11 PM EST
Originally Posted By lilMAC25:
Originally Posted By Burnsy87:
Originally Posted By woob44:
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?


Wow.

I paid $50. Dealer I went through did it for me.


Wait, your LGS guy is practicing law? Frankly, I doubt he has a license to do so...


And I am NOT a lawyer


Nah, I notorized it with someone else, he has a form I'm sure. Former law enforcement.
Link Posted: 11/15/2012 4:00:17 PM EST
Originally Posted By Burnsy87:
Originally Posted By woob44:
What did you guys pay for a trust written by a lawyer? I just talked to one today and he charges $650. Is that normal?


Wow.

I paid $50. Dealer I went through did it for me.



It's legal to do your own, but as far as I know I don't think it's kosher for a non-lawyer to draw up a trust for someone else. Maybe the law on that differs from state-to-state.

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