Armory Sponsor
Posted: 12/3/2010 12:05:29 PM EDT
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I am a complete newb when it comes to NFA. I understand I can set up a trust to obtain NFA items.
But what, if any, advantages are there to going this route? |
| If your only going to do 1 item, plus your police chief is gun friendly don't do the trust. But if your like most of us where 1 is not enough, combined with not so nice police chiefs the trust is the best option. See a lawyer, it may cost a few bucks, but that's the best advise I can give. Plus if the trust is made correctly in your state, there are less chances of serious problems later. |
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I have no idea about the CLEO in my county, and I most assuredly will want want more than 1 item......
Plus, between my sister in law (who is a estate planning atty) or legal services at work, I can get a trust set up for $0. Thats why I was thinking of going that route. Another newb question tho: if I have the trust, and something happens to me, what happens to my NFA stuff. Can it just be left to whoever the beneficeries are, or will there be alot of BATFE hoops for them to jump through for the items to become theirs? |
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You will be the trustee and when you die, your beneficiaries now own what's in the trust.
I'd look into someone who is into NFA trusts, because their could be certain language that the ATF wants to see in the trust. Also the trust must be legal with your state. Try a google search for NFA trust lawyer in your state, or someone from your state could recommend someone for you. |
Armory Sponsor