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Posted: 12/24/2011 1:39:02 PM EDT
| How many of you chose to set up a gun trust vs having the local law enforcement sign your paperwork? What are the pros and cons of each? How easy is it to set up the trust? |
| I set up a NFA trust last year for all of my toys. It was a little expensive, but I had an attorney in Columbus set up the paperwork, and it looks like it was from GunTrustLawyer.com. I know others have set up trusts through Quicken for NFA items, and it had been approved; but i've also heard that some of those trusts were later deemed invalid for NFA purchases, so I felt better doing this through an attorney. Afterwards, everything went well. I like the fact that I do not have to send the forms to my chief of police and ask for his signature. The one in my county won't sign off on suppressors. It makes it easier to submit the paperwork. I remember that I purchased an MKE pistol (MP5 copy) and the very next day I had the Form 1 in the mail to the ATF. |
| I used a Trust also. I can fill out F1s online and print and mail them anytime I want something properly shortened. Very little wait, no messy fingerprints, running around to get a photos made, and since I live in a retarded blue county, I can't get signatures either. Not that I care to have my Sheriff know what's in my residence anyway. |
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Quoted:
I used a Trust also. I can fill out F1s online and print and mail them anytime I want something properly shortened. Very little wait, no messy fingerprints, running around to get a photos made, and since I live in a retarded blue county, I can't get signatures either. Not that I care to have my Sheriff know what's in my residence anyway. My Sheriff won't even give a valid reason, or one at all  , for not signing for law abiding citizens in the city that he has been voted in to SERVE and protect. What pisses me off the most about it is that I end up PAYING taxes for various reasons (properties, businesses, licenses, etc.) from a national to a local level every year without fail.... and I can't get a signature from him or at least an expanation as to why not.... and he still gets a paycheck? WTF?
So.... I had a trust drawn up and I get whatever I want now in spite of his position on the matter.... It is very easy to set up the trust.... create trust have "Certified true" copies made send one in with each Form The hardest part is figuring out who you want to be.... beneficiary executor trustees |
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Quoted:
I set up a NFA trust last year for all of my toys. It was a little expensive, but I had an attorney in Columbus set up the paperwork, and it looks like it was from GunTrustLawyer.com. I know others have set up trusts through Quicken for NFA items, and it had been approved; but i've also heard that some of those trusts were later deemed invalid for NFA purchases, so I felt better doing this through an attorney. Afterwards, everything went well. I like the fact that I do not have to send the forms to my chief of police and ask for his signature. The one in my county won't sign off on suppressors. It makes it easier to submit the paperwork. I remember that I purchased an MKE pistol (MP5 copy) and the very next day I had the Form 1 in the mail to the ATF. Forgive my ignorance, but what was incorrect about them? I'm about a week away from starting the process, but I'm collecting as much information as I can right now. I've seen it vaguely mentioned a few times that you need a "firearm trust" but am having difficulty finding the distinction. |
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i have seen that same article by a NFA lawyer (on their web site).. why would a lawyer tell you that quick will maker is good way to go when they an charge you $400+ for the same thing. what i have heard is that in the will, you must name the name of the will explicitly each and every time it's mentioned.
plenty of people have used willmaker and it should be fine, but each one of us make their own decision in regards to that. i have seen plenty crappy was lawyers who are not worth a dime.. so it is no guarantee everything will be better with a actual lawyer. Quoted:
Quoted:
I set up a NFA trust last year for all of my toys. It was a little expensive, but I had an attorney in Columbus set up the paperwork, and it looks like it was from GunTrustLawyer.com. I know others have set up trusts through Quicken for NFA items, and it had been approved; but i've also heard that some of those trusts were later deemed invalid for NFA purchases, so I felt better doing this through an attorney. Afterwards, everything went well. I like the fact that I do not have to send the forms to my chief of police and ask for his signature. The one in my county won't sign off on suppressors. It makes it easier to submit the paperwork. I remember that I purchased an MKE pistol (MP5 copy) and the very next day I had the Form 1 in the mail to the ATF. Forgive my ignorance, but what was incorrect about them? I'm about a week away from starting the process, but I'm collecting as much information as I can right now. I've seen it vaguely mentioned a few times that you need a "firearm trust" but am having difficulty finding the distinction. |
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Quoted:
i have seen that same article by a NFA lawyer (on their web site).. why would a lawyer tell you that quick will maker is good way to go when they an charge you $400+ for the same thing. what i have heard is that in the will, you must name the name of the will explicitly each and every time it's mentioned. plenty of people have used willmaker and it should be fine, but each one of us make their own decision in regards to that. i have seen plenty crappy was lawyers who are not worth a dime.. so it is no guarantee everything will be better with a actual lawyer. Quoted:
Quoted:
I set up a NFA trust last year for all of my toys. It was a little expensive, but I had an attorney in Columbus set up the paperwork, and it looks like it was from GunTrustLawyer.com. I know others have set up trusts through Quicken for NFA items, and it had been approved; but i've also heard that some of those trusts were later deemed invalid for NFA purchases, so I felt better doing this through an attorney. Afterwards, everything went well. I like the fact that I do not have to send the forms to my chief of police and ask for his signature. The one in my county won't sign off on suppressors. It makes it easier to submit the paperwork. I remember that I purchased an MKE pistol (MP5 copy) and the very next day I had the Form 1 in the mail to the ATF. Forgive my ignorance, but what was incorrect about them? I'm about a week away from starting the process, but I'm collecting as much information as I can right now. I've seen it vaguely mentioned a few times that you need a "firearm trust" but am having difficulty finding the distinction. Each state has different Trust requirements......the wording within my lawyer written trust is much different and NFA specific than willmaker etc..... also, in my research prior to deciding on a lawyer written trust I became concerned about the ATF's continuing acceptance of cracker box trusts......so i ponied up the $$$ and went the lawyer route......i used a forum member here in Tx and was very happy.......... YMMV...... |
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Quoted:
i have seen that same article by a NFA lawyer (on their web site).. why would a lawyer tell you that quick will maker is good way to go when they an charge you $400+ for the same thing. what i have heard is that in the will, you must name the name of the will explicitly each and every time it's mentioned. plenty of people have used willmaker and it should be fine, but each one of us make their own decision in regards to that. i have seen plenty crappy was lawyers who are not worth a dime.. so it is no guarantee everything will be better with a actual lawyer. Quoted:
Quoted:
I set up a NFA trust last year for all of my toys. It was a little expensive, but I had an attorney in Columbus set up the paperwork, and it looks like it was from GunTrustLawyer.com. I know others have set up trusts through Quicken for NFA items, and it had been approved; but i've also heard that some of those trusts were later deemed invalid for NFA purchases, so I felt better doing this through an attorney. Afterwards, everything went well. I like the fact that I do not have to send the forms to my chief of police and ask for his signature. The one in my county won't sign off on suppressors. It makes it easier to submit the paperwork. I remember that I purchased an MKE pistol (MP5 copy) and the very next day I had the Form 1 in the mail to the ATF. Forgive my ignorance, but what was incorrect about them? I'm about a week away from starting the process, but I'm collecting as much information as I can right now. I've seen it vaguely mentioned a few times that you need a "firearm trust" but am having difficulty finding the distinction. I guarantee you Quicken Willmaker doesn't know a damn thing about NFA items. My NFA trust has all kinds of language about how to handle transfer and possession of NFA items under various circumstances. What happens, for example, if a Trustee becomes an ineligible person? What about underage beneficiaries? What happens if a Trustee moves to a state where that particular item is illegal? A properly drafted trust for NFA items will account for all these (and many more) circumstances. It was worth the fee for me to have one properly done, by an attorney who knows what he's doing. |
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this would seem to take care of nearly all situations where a trustee cannot serve for one reason or another, why bother spelling it out and possibly limiting your future options?
F. Power to Appoint Successor Trustee If no one named in this Declaration of Trust as a successor trustee or alternate successor trustee is willing or able to serve as trustee, the last acting trustee may appoint a successor trustee and may require the posting of a reasonable bond, to be paid for from the trust property. The appointment must be made in writing, signed by the trustee and notarized. |
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Quoted:
How many of you chose to set up a gun trust vs having the local law enforcement sign your paperwork? What are the pros and cons of each? How easy is it to set up the trust? It is nice not to have to jump through hoops to get your NFA items (photos, fingerprints, LEO signature...). Also, you can name other family members as trustees and they can have possession of the NFA item(s). It is extremely easy to set up. The language that addresses the NFA situation is also very easy to deal with. |
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snip/ It is nice not to have to jump through hoops to get your NFA items (photos, fingerprints, LEO signature...). Also, you can name other family members as trustees and they can have possession of the NFA item(s). It is extremely easy to set up. /snip +1 I paid a lawyer for an NFA specific trust. I did it for piece of mind. You need to decide how much you are willing to pay for piece of mind. |
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Quoted:
Quoted:
snip/ It is nice not to have to jump through hoops to get your NFA items (photos, fingerprints, LEO signature...). Also, you can name other family members as trustees and they can have possession of the NFA item(s). It is extremely easy to set up. /snip +1 I paid a lawyer for an NFA specific trust. I did it for piece of mind. You need to decide how much you are willing to pay for piece of mind. I think that is a fair assessment. I chose the DIY route using the sticky template from Maryland Shooter, making a few edits and some added NFA specific language. However, if you are concerned about it then definitely consult an attorney. ~$300 is reasonable and you won't have to worry about it again. |
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