[ARCHIVED THREAD] - Trust question

Posted: 2/22/2007 3:23:17 PM EDT

If I set up a revocable living trust can I have multiple people that share access to the NFA items similar to the way corporate officers all have access?

THanks in advance.

Posted: 2/22/2007 3:25:35 PM EDT

[#1]

From what i've read on other threads about this...no. 1-2 max

Posted: 2/23/2007 6:58:52 PM EDT

[#2]

So where would the info on the max number of trustees be found?

Are the trustees the only ones who can posess the item?

Posted: 2/23/2007 7:05:09 PM EDT

[#3]

look at the tacked trust thread in this forum. your answer is probably in there.

www.ar15.com/forums/topic.html?b=6&f=17&t=199942

Posted: 2/23/2007 8:02:08 PM EDT

[#4]

Quoted:
look at the tacked trust thread in this forum. your answer is probably in there.

www.ar15.com/forums/topic.html?b=6&f=17&t=199942

I read it already, all 31 pages... There were a few different answers.

Posted: 2/23/2007 10:30:14 PM EDT

[#5]

If it was 2 different people what position would they hold in the trust, and could you change those people down the road. Thanks and sorry for the hijack.

Posted: 2/24/2007 6:56:58 AM EDT

[#6]

If it was 2 different people what position would they hold in the trust

IANAL, but Willmaker allows a married couple to form a shared trust. Both of them are grantors and trustees. They can name each other as beneficiaries.

could you change those people down the road.

Successor trustees and beneficiaries can be changed. I don't think grantors can be changed.

Posted: 2/24/2007 7:39:38 PM EDT

[#7]

That's what I was thinking. Wife and I would be co-grantor's and then list my son as beneficiaries. In that scenario, does the grantor's have to die for the beneficiaries to have sole possesion. In other words could my son take it out on his own?

Posted: 2/25/2007 7:05:16 PM EDT

[#8]

In other words could my son take it out on his own?

I personally wouldn't do this unless I had a letter from BATFE giving my son the green light.

Keep in mind that I can't even give my wife a key to the safe containing my NFA firearms, even though Texas is a community property state, and my will leaves everything to her.

[ARCHIVED THREAD] - Trust question

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[ARCHIVED THREAD] - Trust question

[ARCHIVED THREAD] - Trust question