[ARCHIVED THREAD] - NH trusts (Page 1 of 2)
Posted: 10/15/2014 1:19:40 AM EDT
| Hey all, I'm looking at getting into the NFA game pretty soon here and was curious the rules for NH trusts along with if one can do it themselves? Has anyone done this and can offer some advice? |
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Yep, you can do it yourself. There are plenty of how-to guides in the Class 3 forum, but I suggest Googling as much as you can about it, reading through previous threads, etc... See if it's something you feel comfortable doing. My general response is that if you're just getting some SBRs and suppressors to play with, and you're the only trustee and you have a single (NFA knowledgeable) beneficiary in mind, it's real easy to do and I would recommend a DIY trust. If you have multiple trustees in different states, different beneficiaries, successor trustees, or other (non-NFA) stuff in the trust, you might want to get a lawyer in order to keep the document nice and organized.
IANAL, this isn't legal advice, YMMV, OMGWTFBBQ, etc.. |
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Quoted:
Yep, you can do it yourself. There are plenty of how-to guides in the Class 3 forum, but I suggest Googling as much as you can about it, reading through previous threads, etc... See if it's something you feel comfortable doing. My general response is that if you're just getting some SBRs and suppressors to play with, and you're the only trustee and you have a single (NFA knowledgeable) beneficiary in mind, it's real easy to do and I would recommend a DIY trust. If you have multiple trustees in different states, different beneficiaries, successor trustees, or other (non-NFA) stuff in the trust, you might want to get a lawyer in order to keep the document nice and organized. IANAL, this isn't legal advice, YMMV, OMGWTFBBQ, etc.. I have been doing some research, just thought I would put a feeler out for anyone else who has done trusts just for NFA items like I am looking at. |
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I have an NFA trust in NH. I used the 199Trust guys, which, despite the name, only costs $79. They're NFA-specific, and very well crafted, IMO.
There's an easy-to-follow walk-through, and a couple of hours later, a trust pops in your email. Check it over, have it notarized, and go to town. |
I used Willmaker 2007, you can borrow my CD if you want 
ETA. to expand on this... I used Willmaker, then copy/pasted it into Word to change the trust name. Willmaker will name it the "John A. Doe Revocable Living Trust", so I named mine "Lastname NFA Trust". CTRL+H made quick work of that. Amendments don't need to be notarized, so if you need to make an amendment you can modify the template in Willmaker, or just Google a template (such as changing the beneficiary or whatever). Willmaker trusts use a Schedule A, so I just made a basic table in Word with Description/Make/Model/Serial/Date/Signature columns. I use the Assignment of Property page from Willmaker. Willmaker spits out a Declaration of Trust and Certification of Trust -- the BATFE doesn't accept the Certification for getting stamps, but if you're paranoid you could probably keep a copy of it in your range bag in the off chance an ATF agent is at the range and doesn't believe you're a trustee. |
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I looked into it and the actual trust writing is more specific that I thought. Its certainly not a boiler plate trust.
I worked with Jeff Bussell <[email protected]> and in particular Benjamin Maki <[email protected]> both attorneys for the NH Trust. The work was very clear and concise and contained a wealth of information on how to proceed etc. I was very happy with the outcome. |
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What's the advantage if you can't efile? Just that you don't have to be present when NFA toys are in use? 1. No requirement for fingerprints, CLEO sign-off, etc. 2. Privacy: no need for the CLEO to know your NFA inventory. 3. Estate planning. 4. Co-trustees (for example, wife/siblings/children) can have full to access the weapons. Lots of advantages to an NFA Trust. |
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1. No requirement for fingerprints, CLEO sign-off, etc. 2. Privacy: no need for the CLEO to know your NFA inventory. 3. Estate planning. 4. Co-trustees (for example, wife/siblings/children) can have full to access the weapons. Lots of advantages to an NFA Trust. Quoted:
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What's the advantage if you can't efile? Just that you don't have to be present when NFA toys are in use? 1. No requirement for fingerprints, CLEO sign-off, etc. 2. Privacy: no need for the CLEO to know your NFA inventory. 3. Estate planning. 4. Co-trustees (for example, wife/siblings/children) can have full to access the weapons. Lots of advantages to an NFA Trust. E-filing is a biggie though. Less than 30 days for SBR and form 1'd cans? Can't go wrong. |
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E-filing is a biggie though. Less than 30 days for SBR and form 1'd cans? Can't go wrong. Quoted:
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What's the advantage if you can't efile? Just that you don't have to be present when NFA toys are in use? 1. No requirement for fingerprints, CLEO sign-off, etc. 2. Privacy: no need for the CLEO to know your NFA inventory. 3. Estate planning. 4. Co-trustees (for example, wife/siblings/children) can have full to access the weapons. Lots of advantages to an NFA Trust. E-filing is a biggie though. Less than 30 days for SBR and form 1'd cans? Can't go wrong. I fully agree, and have efiled a bunch of times. He said, "What's the advantage if you can't efile?" |
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I wouldn't hold your breath for e-file anytime soon. Form 4 trusts are coming back consistently at 4 months in my experience. That's pretty good compared to what it was. Still not what it should be, which is nothing but a 4473 and background check but that's another battle.
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I have a couple other NFA items, but have now deciding for a Trust moving forward.
I did mine with one of the online services and costs ~$60. I just need to go get it notarized (with my co-trustee...) And yes, I plan to keep a separate checking account in the Trusts name. Just to keep it all neat and tidy like. |
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Where'd you get it done for $60? http://www.doityourselfdocuments.com/Estateplanning/Trust/nfaTrust.aspx It's just for NFA stuff. It's also completely revocable and amendable. So if in the future you want a trust for other assets/estate planning, you can have a lawyer do it up properly. Got this link in another thread on the topic elsewhere on the site. |
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I have a couple other NFA items, but have now deciding for a Trust moving forward. I did mine with one of the online services and costs ~$60. I just need to go get it notarized (with my co-trustee...) And yes, I plan to keep a separate checking account in the Trusts name. Just to keep it all neat and tidy like. There's no need to do that |
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There's no need to do that Quoted:
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I have a couple other NFA items, but have now deciding for a Trust moving forward. I did mine with one of the online services and costs ~$60. I just need to go get it notarized (with my co-trustee...) And yes, I plan to keep a separate checking account in the Trusts name. Just to keep it all neat and tidy like. There's no need to do that Would there be any benefit to doing it or is a waste of time? I just figured it would keep a nice easy record of any expenses or deposits as related to the Trust? Thanks. I'm new at this. 
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I mean if you think it will help you keep track of your personal finances to have a dedicated account, by all means do it, but the internet rumor about "needing" a specific account for the trust in order to pay for the stamps and "be legal" isn't true.
You could make the account, siphon off a percentage of your direct deposit, and have it alert you to go toy shopping every time you have enough money in there though
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I wouldn't hold your breath for e-file anytime soon. Form 4 trusts are coming back consistently at 4 months in my experience. That's pretty good compared to what it was. Still not what it should be, which is nothing but a 4473 and background check but that's another battle. I'm assuming you're talking about efile being "down" for Form 4's. Form 1's are processing on efile in 30-35 days. It's a beautiful thing. |
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I'm assuming you're talking about efile being "down" for Form 4's. Form 1's are processing on efile in 30-35 days. It's a beautiful thing. Quoted:
Quoted:
I wouldn't hold your breath for e-file anytime soon. Form 4 trusts are coming back consistently at 4 months in my experience. That's pretty good compared to what it was. Still not what it should be, which is nothing but a 4473 and background check but that's another battle. I'm assuming you're talking about efile being "down" for Form 4's. Form 1's are processing on efile in 30-35 days. It's a beautiful thing. Correct, form 4's. |
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I mean if you think it will help you keep track of your personal finances to have a dedicated account, by all means do it, but the internet rumor about "needing" a specific account for the trust in order to pay for the stamps and "be legal" isn't true. You could make the account, siphon off a percentage of your direct deposit, and have it alert you to go toy shopping every time you have enough money in there though 
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I have an NFA trust in NH. I used the 199Trust guys, which, despite the name, only costs $79. They're NFA-specific, and very well crafted, IMO. There's an easy-to-follow walk-through, and a couple of hours later, a trust pops in your email. Check it over, have it notarized, and go to town. After seeing this recommendation, I used the 199Trust... very quick and easy. Now I need to find a FFL/dealer in Seacoast/Lakes Region that is well versed with the Form 1 and/or Form 4. |
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After seeing this recommendation, I used the 199Trust... very quick and easy. Now I need to find a FFL/dealer in Seacoast/Lakes Region that is well versed with the Form 1 and/or Form 4. Quoted:
Quoted:
I have an NFA trust in NH. I used the 199Trust guys, which, despite the name, only costs $79. They're NFA-specific, and very well crafted, IMO. There's an easy-to-follow walk-through, and a couple of hours later, a trust pops in your email. Check it over, have it notarized, and go to town. After seeing this recommendation, I used the 199Trust... very quick and easy. Now I need to find a FFL/dealer in Seacoast/Lakes Region that is well versed with the Form 1 and/or Form 4. MAC Tactical will treat you right... http://www.mactacticalllc.com/Products.html |
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I have an NFA trust in NH. I used the 199Trust guys, which, despite the name, only costs $79. They're NFA-specific, and very well crafted, IMO. There's an easy-to-follow walk-through, and a couple of hours later, a trust pops in your email. Check it over, have it notarized, and go to town. After seeing this recommendation, I used the 199Trust... very quick and easy. Now I need to find a FFL/dealer in Seacoast/Lakes Region that is well versed with the Form 1 and/or Form 4. MAC Tactical will treat you right... http://www.mactacticalllc.com/Products.html Truth! |
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I have an NFA trust in NH. I used the 199Trust guys, which, despite the name, only costs $79. They're NFA-specific, and very well crafted, IMO. There's an easy-to-follow walk-through, and a couple of hours later, a trust pops in your email. Check it over, have it notarized, and go to town. After seeing this recommendation, I used the 199Trust... very quick and easy. Now I need to find a FFL/dealer in Seacoast/Lakes Region that is well versed with the Form 1 and/or Form 4. MAC Tactical will treat you right... http://www.mactacticalllc.com/Products.html MAC was nice enough to reach out... good guy. |
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I looked into it and the actual trust writing is more specific that I thought. Its certainly not a boiler plate trust. I worked with Jeff Bussell <[email protected]> and in particular Benjamin Maki <[email protected]> both attorneys for the NH Trust. The work was very clear and concise and contained a wealth of information on how to proceed etc. I was very happy with the outcome. Jeff Bussell here. Thanks for the recommendation, WSAR15! I'm licensed to practice in Maine and Massachusetts and co-counsel with Mr. Maki to provide NFA trusts to clients in New Hampshire. Feel free to send me a message here or to [email protected]. |
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There's a local guy that does them specifically for NFA use. He's $100. I know the guy so I trust him even if he might be a little more than one of the online versions. That's still cheap. I got a quote for $500 from another guy and I thought it seemed high, this thread has confirmed my thoughts. On another note, maybe you guys can give me some insight on a couple questions I have. 1. Successor - I have no family that are in a NFA state. So I guess I am going to use a friend of mine in NC, is this the best option? 2. Beneficiary - With the above in mind, can I still use my father back in NY? And he would just have to sell the items off from NH? 3. I dont see why the above cant be the same person, right? |
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That's still cheap. I got a quote for $500 from another guy and I thought it seemed high, this thread has confirmed my thoughts. On another note, maybe you guys can give me some insight on a couple questions I have. 1. Successor - I have no family that are in a NFA state. So I guess I am going to use a friend of mine in NC, is this the best option? 2. Beneficiary - With the above in mind, can I still use my father back in NY? And he would just have to sell the items off from NH? 3. I dont see why the above cant be the same person, right? Quoted:
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There's a local guy that does them specifically for NFA use. He's $100. I know the guy so I trust him even if he might be a little more than one of the online versions. That's still cheap. I got a quote for $500 from another guy and I thought it seemed high, this thread has confirmed my thoughts. On another note, maybe you guys can give me some insight on a couple questions I have. 1. Successor - I have no family that are in a NFA state. So I guess I am going to use a friend of mine in NC, is this the best option? 2. Beneficiary - With the above in mind, can I still use my father back in NY? And he would just have to sell the items off from NH? 3. I dont see why the above cant be the same person, right? I'm actually having that chat with him right now via email. He asked me for a beneficiary and then 3 people for an incapacity committee. I'll reply back as soon as I have answers. It's a local guy who works in Southern Maine. I'll be happy to post the guys info if I'm allowed to? Or I can PM it. |
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I'm actually having that chat with him right now via email. He asked me for a beneficiary and then 3 people for an incapacity committee. I'll reply back as soon as I have answers. It's a local guy who works in Southern Maine. I'll be happy to post the guys info if I'm allowed to? Or I can PM it. Quoted:
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There's a local guy that does them specifically for NFA use. He's $100. I know the guy so I trust him even if he might be a little more than one of the online versions. That's still cheap. I got a quote for $500 from another guy and I thought it seemed high, this thread has confirmed my thoughts. On another note, maybe you guys can give me some insight on a couple questions I have. 1. Successor - I have no family that are in a NFA state. So I guess I am going to use a friend of mine in NC, is this the best option? 2. Beneficiary - With the above in mind, can I still use my father back in NY? And he would just have to sell the items off from NH? 3. I dont see why the above cant be the same person, right? I'm actually having that chat with him right now via email. He asked me for a beneficiary and then 3 people for an incapacity committee. I'll reply back as soon as I have answers. It's a local guy who works in Southern Maine. I'll be happy to post the guys info if I'm allowed to? Or I can PM it. Please share! |
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Mods - if this is not allowed please let me know and I can remove.
His name is George Hockhousen, he can be reached via email at [email protected]. He is quick to respond, I always get a response the same day. Super nice guy, I've met him in person and and he's happy to answer all of my annoying questions. Good luck Ian |
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Mods - if this is not allowed please let me know and I can remove. His name is George Hockhousen, he can be reached via email at [email protected]. He is quick to respond, I always get a response the same day. Super nice guy, I've met him in person and and he's happy to answer all of my annoying questions. Good luck Ian Ian, Did he answer those questions we both had? If so, would you mind sharing? That way I don't have to ask the same ones |
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Yes. Just got an email overnight from him. You do have to have 3 people, separate from the beneficiary. They do not have to be family members. So, a total of 4 people over 18 years old. Interesting. I believe the 199trust guys only ask for one successor and one beneficiary. I wonder why, now I have more research to do.. 
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Ian, Did he answer those questions we both had? If so, would you mind sharing? That way I don't have to ask the same ones Quoted:
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Mods - if this is not allowed please let me know and I can remove. His name is George Hockhousen, he can be reached via email at [email protected]. He is quick to respond, I always get a response the same day. Super nice guy, I've met him in person and and he's happy to answer all of my annoying questions. Good luck Ian Ian, Did he answer those questions we both had? If so, would you mind sharing? That way I don't have to ask the same ones I missed your other question however. I don't know and didn't ask about having those people being in a state with NFA restrictions. I'd suggest asking him your specific scenario and how to handle it. You're the guy who mived here from NY a couple years ago right? How do you like NH? |
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I missed your other question however. I don't know and didn't ask about having those people being in a state with NFA restrictions. I'd suggest asking him your specific scenario and how to handle it. You're the guy who mived here from NY a couple years ago right? How do you like NH? Quoted:
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Mods - if this is not allowed please let me know and I can remove. His name is George Hockhousen, he can be reached via email at [email protected]. He is quick to respond, I always get a response the same day. Super nice guy, I've met him in person and and he's happy to answer all of my annoying questions. Good luck Ian Ian, Did he answer those questions we both had? If so, would you mind sharing? That way I don't have to ask the same ones I missed your other question however. I don't know and didn't ask about having those people being in a state with NFA restrictions. I'd suggest asking him your specific scenario and how to handle it. You're the guy who mived here from NY a couple years ago right? How do you like NH? Yes sir - We spoke a bunch back then. I love it, very happy that I moved. I almost ended up in Texas last year but I am here to stay now. Now if only this snow would stop, all would be right in the world again! |
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Penny Dean quoted me $1600 for a trust. I used a coupon code with the diy site posted earlier for $26 or $28. Unbelievable. No way is a simple NFA trust worth that much, even with a lawyer holding your hand. The 199Trust is really a well-done document, and at <$75, it's a steal. |
That is insane