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Posted: 2/1/2011 12:30:54 PM EDT
Guys,
I was looking around here and Nevada Shooters for a NFA trust lawyer. None of them acted very interested and charged $5-600. My brother in law is a lawyer, and so I asked him about it. He learned more about it, took some kind of online lawyer class specific to the NFA gun trust. He was able to write me one up real quick after that. He said he would charge $350 for anyone else.

Info:
Layne Barney
3440 W Cheyenne Ave, Ste 500
North Las Vegas, NV 89032
(702) 433-7730

I hope this helps someone.
Link Posted: 2/1/2011 10:22:20 PM EDT
[#1]
why dont you have your brother take a look at the quicken willmaker trust that we all use, and tell us whats wrong with it.  I'd be interested in that.
Link Posted: 2/2/2011 7:44:43 AM EDT
[#2]
I don't know that much about that program, but when I was looking into it someone somewhere said that the newest version did not have the ability to do NFA trust. At that point I stopped going down that road.

The common theme that I did read about is peoples uneasiness about how it would turn out, but I never read follow ups about them failing. What is your perceived problem?

Also, I am submitting for 4 cans at once. Anyone have experience with submitting multiple form 4's at the same time? Quicker? Slower?

Thanks.
Link Posted: 2/2/2011 10:00:23 AM EDT
[#3]
Please explain how an "NFA" trust differs from a regular trust, because there's no such thing mentioned in NV law
Link Posted: 2/2/2011 10:24:28 AM EDT
[#4]
NFA trusts should be different from conventional trusts, and should include language about handling, traveling, and possession of said items.  Assume everyone on a trust that knows guns/class 3 is unavailable (death, incapacity, etc).  Your next in line family member gains access to a machine gun/can etc. and wants to travel to NJ or CA, or loan it to a friend, etc.  You can see how lack of information or directions in the trust can open up some legal issues. I havent seen a 'NFA trust' but I would assume that to be the different  language.
Link Posted: 2/2/2011 11:17:32 AM EDT
[#5]
Chiz:

What if you already have a solid trust set up for all of your estate anyway?  Do you need a new or second trust for NFA?

Lem
Link Posted: 2/2/2011 12:56:40 PM EDT
[#6]
Quoted:
Chiz:

What if you already have a solid trust set up for all of your estate anyway?  Do you need a new or second trust for NFA?

Lem


This is why i decline to set up NFA trusts for folks, to avoid any potential liability

Nevada allows for perpetual trusts, that can last generations––potentially hundreds of years.  The potential problem with a generic trust comes into play for items that require special care, such as NFA items.  If your trust holds such items, there should be instructions or warnings as to potential criminal or civil consequences.  This is why people spend the extra money on NFA trusts, for the additional language/instructions.

Here is the applicable statute for NFA items in NV:

NRS 202.350  Manufacture, importation, possession or use of dangerous weapon or silencer; carrying concealed weapon without permit; penalties; issuance of permit to carry concealed weapon; exceptions.

     1.  Except as otherwise provided in this section and NRS 202.355 and 202.3653 to 202.369, inclusive, a person within this State shall not:

              (b) Manufacture or cause to be manufactured, or import into the State, or keep, offer or expose for sale, or give, lend, possess or use a machine gun or a silencer, unless authorized by federal law;.

Assume someone takes possession of your property suddenly, say as a result of a car accident.  The new trustee puts your M16 in the trunk of his car, along with your old coats and a few appliances.  He takes them down to a swap meet to sell, or lists them in the RJ ("Assault weapon for sale") to help offset some of the estate's debts.  You can immediately see the potential problem with that action, and the trustee, without instruction, may not have a clue as to what he's doing wrong.

Bottom line, if you run the risk of someone coming into possession of your controlled items, you should probably give some guidance as to the legalities of it all––or designate someone as a trustee that knows what he/she has.  

If you have something cool, i may be persuaded to serve as your trustee.
Link Posted: 2/2/2011 1:06:35 PM EDT
[#7]
I for one am just a dumb fireman. I don't know enough about legal matters, and that is the reason that I had a lawyer set up my trust for me. I believe that chiz has shown that there could be some potential pitfalls due to lack of knowledge. I have no doubt that people could use the will maker program and have great success, but I did not want to for fear of screwing it up. For the same reasons I hire a CPA to do my taxes. On the other hand, I have no problems rebuilding a motorcycle, or doing 90% of my own gunsmithing....to each his own.
Link Posted: 2/2/2011 2:57:42 PM EDT
[#8]
I used Gabriel Raviv for my trust.  He takes the one from guntrustlawyer.com and adds specific info for NV.  I believe it's worth the $600.  He also recommends to use this trust ONLY for NFA items.  Keep other property in a separate trust if you need one.
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