-
Not trying to be an ass. There has been plenty of discussion here about trusts. How they work, are set up, etc... Some people say you need a lawyer, some don't. That's for you to decide. In any case it is much simpler than the CLEO route.
You don't need to be a business or corporation in order to have a trust.
Quote:
Originally Posted by
Eric D.
Thanks for the replies. I figured I would start with some well worded emails to the appropriate people and go from there.
If going the trust route can anyone provide some detail of what that means and how it works? I don't own a small business and I have no corporate ties and I have no personal/business relationship with an attorney. An attorney is necessary to set up a trust, no? How do I go about finding one who deals with these kind of things?
-
I learned something. May be useful since the Sheriff where I live will not sign.
-
TRUST....... once you do it you'll know its the only way to fly.....no picture.....no finger prints......just a properly filled out form a check and a copy of the trust.
-
Yeah, trust or LLC, whatever benefits you the most. I can send F1s and F4s without leaving my couch except to put the envelope in the mail.
-
Quote:
Originally Posted by
grinch
TRUST....... once you do it you'll know its the only way to fly.....no picture.....no finger prints......just a properly filled out form a check and a copy of the trust.
Ditto. Only way to go in my opinion.
-
You will never know until you ask. I’d sign for you but youre gonna have to move! :D
I could have asked the local Chief, Sheriff or State's Attorney to sign for me. I am friendly and on a first name basis with all of them. I just did not want to have to ask. I liked gpomh the trust route. I added my wife an son as trustees so they can use the SBR's with out me if they want to.
-
I know OH trust law changed recently although I don't know what the change was. My concern is an eventual change that would void my trust and make my SBR ownership illegal. Is this likely?
Its apparent that once a trust is set up, getting NFA items is actually pretty simple. From the other threads I've searched I see people are using quicken software to set up their own trusts. Obviously I need to know the rules specific to OH and the smart answer is to consult an attorney. A quick google search found an attorney in Columbus that deals specifically with trusts for NFA and he quoted me $600 for the service. They claim their trusts are set up specifically to handle NFA items, is that kind of verbiage really necessary? My local FFL is also a class 3 dealer so I plan on talking with them.
As far as using Quicken software, I've used Willmaker 2011 and it doesn't even have the option for a Revocable Living Trust. I had to go back as far as the 2007 version to create a Revocable Living Trust. The software supposedly updates to reflect legal changes so 2007 is a bit outdated for my comfort.
How have you guys created your trusts? Anyone with any experience in OH?
-
NFA Trust information resources
-
Quote:
Originally Posted by
Eric D.
My concern is an eventual change that would void my trust and make my SBR ownership illegal. Is this likely?
No.
To eliminate trust would require a new law written and passed by congress and be signed by the president. It isn't going to happen.
The NFA hasn't been changed since it was enacted.
-
I realize that any changes to the NFA would be a major congressional hurdle. I was referring to trust law in OH, which has changed recently.
Quote:
Originally Posted by
scottryan
No.
To eliminate trust would require a new law written and passed by congress and be signed by the president. It isn't going to happen.
The NFA hasn't been changed since it was enacted.