Armory Sponsor
Posted: 11/18/2006 1:49:59 PM EDT
| How does it work when you move to a different state? |
From the Willmaker 2006 legal manual:
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Don't sweat it that much. Look at it this way: if you had a will as a Texas resident, then moved to New Mexico, the will is still valid, right? Most states treat trusts, even revocable living trusts, in a manner similar to wills. Good in the original state = good in the new state. In the grand scheme of things, who is going to object? I seriously doubt that the ATF has lawyers looking at each trust to verify it's valid in your new state. The next time somebody will look at the actual wording of the trust is if you're dead. If you're dead, then the NFA items in the trust will transfer according to the terms of the trust, your will, or the laws of intestate succession (i.e. if you had no will). I'm assuming that the new state allows the NFA item in question. If not, you're SOL. |
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Well, at this time, all of my NFA items are in my individual name. I have no problems getting a CLEO sign off, today. I'm just thinking long term, next year or two. So, if I understand right, if I buy an item through a trust, there would be no need to do a transfer from a Texas based trust to a Nevada or Wyoming based trust??? |
I would not recommend doing that. You could, I suppose, but it's not worth it. The trust will still exist as a legal entity, no matter which state you're living in. Sure, it was notarized in Texas, but it remains in existence even if you move. |
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