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Thread: Affordable NFA Gun Trust

  1. #1
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    Affordable NFA Gun Trust

    Just thought I would share this site with everyone. Some or many of you guys may already know about it, but in case you don't here it is. I read about it on a couple of other forums and everyone says it is legit.

    You can read some reviews here: http://www.acrforum.com/forum/genera...rms-trust.html

    and here: http://forum.lwrci.com/viewtopic.php...12094&start=15

    http://mynfatrust.net

    NFA trust for only $100.00

    Compared to http://guntrust.com @ $350.00
    Last edited by Evil Bert; 11-07-12 at 10:54.
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    Paterno is about as innocent as Eric Holder in F&F...
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  2. #2
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    I'm a lawyer in Tennessee and Mississippi. I do a lot of NFA trusts, though overall it's a small part of my practice.

    I'll just remind folks of those six simple words that get said a lot on this site when it comes to guns, gear, optics (especially optics), but also just about anything else in life:

    You get what you pay for.

    I understand his deal. It's just a form, and he's just providing it to others. To an extent he's right. But when you hire a lawyer to do one of these, you're not just buying some forms, you're hiring a person. A live human being that you can talk to, and who happens to be an expert. That's what you pay for. Their counsel, their time.

    If a client calls me with a question a year after I've done his trust, I'm going to take his call, or if I can't drop what I'm doing I'll get back as soon as I can, probably that same day. And in my fee agreement there's no extra charge for that. You think dude is going to even talk to you? You think that, one day down the road, as your life situation changes, you might have some questions about your trust? And who knows, they might even change the NFA laws one day. That would probably not be a good time to have a homemade trust.

    The people who want to do it right, will do it right. Those who don't, well, let them live and learn. Or not. I guarantee you, you buy this non-lawyer's trust, one day in the not too distant future you'll be coming on to this forum or another, asking for advice from more non-lawyers.
    Last edited by Pariah Carey; 11-09-12 at 23:01.

  3. #3
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    I was just skimming the FAQ page on their site because I wanted to see if they actually claim state-specific trust documents, as seemed to be implied on their homepage, and I happened to notice this one:

    Will setting up a trust shorten the waiting time to get my firearms?
    Yes, usually it will shorten the registration process by about 5 weeks depending on how busy the BATFE is with NFA requests.

    Yikes!

  4. #4
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    He also said he used a lawyer to set up his trusts.

  5. #5
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    Quote Originally Posted by Pariah Carey View Post
    I'm a lawyer in Tennessee and Mississippi. I do a lot of NFA trusts, though overall it's a small part of my practice.

    I'll just remind folks of those six simple words that get said a lot on this site when it comes to guns, gear, optics (especially optics), but also just about anything else in life:

    You get what you pay for.

    I understand his deal. It's just a form, and he's just providing it to others. To an extent he's right. But when you hire a lawyer to do one of these, you're not just buying some forms, you're hiring a person. A live human being that you can talk to, and who happens to be an expert. That's what you pay for. Their counsel, their time.

    If a client calls me with a question a year after I've done his trust, I'm going to take his call, or if I can't drop what I'm doing I'll get back as soon as I can, probably that same day. And in my fee agreement there's no extra charge for that. You think dude is going to even talk to you? You think that, one day down the road, as your life situation changes, you might have some questions about your trust? And who knows, they might even change the NFA laws one day. That would probably not be a good time to have a homemade trust.

    The people who want to do it right, will do it right. Those who don't, well, let them live and learn. Or not. I guarantee you, you buy this non-lawyer's trust, one day in the not too distant future you'll be coming on to this forum or another, asking for advice from more non-lawyers.
    I went with a lawyer for my NFA trust - Matthew Bergstrom of Arsenal Attorneys in Virginia - and I feel as though I definitely got my money's worth out of the transaction. Before making that decision, I spent a great deal of time researching trusts in general, and of course, their use with respect to NFA. That is just my nature, to want to have as complete an understanding of something as I reasonably can, even if I do end up delegating execution to an expert.

    Ultimately, the experience of having qualified legal counsel at my disposal - someone who is licensed and experienced in this capacity in my own state - was worthwhile for me. The net result was a trust which was custom-made through direct interaction with that counsel, and which defined concepts that I've never even heard of being applied in any of the "canned" trust documents.

    An additional benefit provided by my lawyer was a fairly comprehensive document which describes various issues, procedures for using the trust in specific situations, and the requirements for storage of trust documents with the NFA items, among other things. This has proved to be a valuable reference for me.

  6. #6
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    @ Pariah

    I would agree with you partially on one thing. That if my life situation changes even if I got my trust from the site, I could still contact a local attorney or heck even call up Guntrustlawer.com and get legal advice, no?

    As far as the "you get what you pay for" comment that sounds great coming from a lawyer who offers the same service. While the saying is true to some extent like everything else, there are exceptions. For example: BCM products are not top dollar and yet you get what you pay for with them. I could spend more money on another rifle MFR but am I really getting something better than a BCM? No not really.

    I love how so many on this site simply badmouth something before even trying it out.

    You're an attorney. Why don't you order up a copy of the trust from the site, review and let us know if it a legit trust? You can write it off as a business expense.

    Personally I would rather pay less for a form than pay more because it comes with advice if I ever need it which I may not and if I do need it at a later time in life I can pay for it then.

    Just saying. Nobody would bitch about legalzoom.com. But here someone offering the same kind of service as legalzoom.com at an affordable price and let's just attack it.

    Besides, nobody goes to legalzoom or mynfatrust to get legal forms when they are unsure of what they need, etc. if I need a lawyers advice I ask a lawyer. With today's economy, if I need a form, I am going to get it at the lowest price possible

    But again please buy one and review it and let us know. Not everyone needs an attorney's advice on these matters.

    My $.02
    Quote Originally Posted by variablebinary View Post
    Paterno is about as innocent as Eric Holder in F&F...
    Quote Originally Posted by Iraqgunz View Post
    I don't have an issue with reviving a necropost. It's much better than 30 new lube threads every week.
    Wish For Eden

  7. #7
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    Quote Originally Posted by Evil Bert View Post
    @ Pariah

    I would agree with you partially on one thing. That if my life situation changes even if I got my trust from the site, I could still contact a local attorney or heck even call up Guntrustlawer.com and get legal advice, no?
    I have no dog on this fight. But I do know that it can take MUCH more time and money to unwind something that is problematic legally, compared to doing it right the first time. Even one word or sentence in a contract can make a huge difference later.

    I compare this to people who say just get a Colt or BCM or something else, as opposed to "I got a great deal on an Oly or Bushmaster, what do I need to do to make it right?" In the end, they will end up spending more time and money compared to doing it right the first time. You know, buy quality once, cry once . . .

    You can pay someone for legal advice and to fix something later, but in that situation, I am sure you will wish you had done it right the first time.

    Quote Originally Posted by Evil Bert View Post
    As far as the "you get what you pay for" comment that sounds great coming from a lawyer who offers the same service. While the saying is true to some extent like everything else, there are exceptions. For example: BCM products are not top dollar and yet you get what you pay for with them. I could spend more money on another rifle MFR but am I really getting something better than a BCM? No not really.
    I don't think the "you get what you pay for" comment necessarily means you have to pay absolute top dollar for something. Just like I don't think Pariah Carey is the most expensive lawyer for this work. I think we are all just saying avoid the cheapest/lowest cost alternatives.

    Quote Originally Posted by Evil Bert View Post
    I love how so many on this site simply badmouth something before even trying it out.

    You're an attorney. Why don't you order up a copy of the trust from the site, review and let us know if it a legit trust? You can write it off as a business expense.
    "write it off as a business expense"? That's funny! That doesn't mean it's free! That's like saying why don't you (Evil Bert) order it, and send it to Pariah Carey, and pay him to review it so you can let us know what he/she thinks!

    Quote Originally Posted by Evil Bert View Post
    Personally I would rather pay less for a form than pay more because it comes with advice if I ever need it which I may not and if I do need it at a later time in life I can pay for it then.

    Just saying. Nobody would bitch about legalzoom.com. But here someone offering the same kind of service as legalzoom.com at an affordable price and let's just attack it.

    Besides, nobody goes to legalzoom or mynfatrust to get legal forms when they are unsure of what they need, etc. if I need a lawyers advice I ask a lawyer. With today's economy, if I need a form, I am going to get it at the lowest price possible

    But again please buy one and review it and let us know. Not everyone needs an attorney's advice on these matters.

    My $.02
    There are a LOT of people who have used legalzoom and had problems . . .

    Joe Mamma
    Last edited by Joe Mamma; 11-10-12 at 07:50.
    "Reliability above all else"
    NRA Certified Pistol and Rifle Instructor, Life Member
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    Colt Certified 1911 & AR-15/M16/M4 Law Enforcement Armorer

  8. #8
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    Personally, I didn't mean to outright bash any specific product or service. In general, I believe that everyone should evaluate their own needs, set their expectations accordingly, and make an educated decision as to which route suits them best. I went through this process with great care myself, and what I described in my previous post was the outcome.

    The cost of entry is greater when involving an attorney, but the cost/benefit analysis was an easy one for me. You get hired legal counsel, a personalized trust (at least with the attorney I chose), and the insight of someone experienced in NFA law and estate planning in your state. I feel that this is all a worthwhile investment up front, if it could prevent potential problems down the road. However, if someone else doesn't feel that they need this level of detail, then they are certainly free to pursue whatever avenue they choose.

    Relative to the investment I plan to make in suppressors and machine guns in the future, the additional $300 or so spent on an attorney is really rather small. Again, I realize that everyone will have a different view of this value proposition.

  9. #9
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    This is the type of lawyer $100 usually gets you...
    Last edited by Bluto; 11-11-12 at 19:53.

  10. #10
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    Quote Originally Posted by Evil Bert View Post
    @ Pariah

    I would agree with you partially on one thing. That if my life situation changes even if I got my trust from the site, I could still contact a local attorney or heck even call up Guntrustlawer.com and get legal advice, no?

    As far as the "you get what you pay for" comment that sounds great coming from a lawyer who offers the same service.

    It's the same simple notion - with a lot of products, you're paying for more than the product - you're buying into a business relationship with that other party that can be mutually beneficial to both. This makes no sense to do with a cheeseburger (hence why fast food is nearly at cost), but a ton of sense to do with automobiles, houses, financial and legal serves, and the like. It's an argument that can go both ways.
    عندما تصبح الأسلحة محظورة, قد يملكون حظرون عندهم فقط
    کله چی سلاح منع شوی دی، یوازي غلوونکۍ یی به درلود
    Semper Fi
    "Being able to do the basics, on demand, takes practice. " - Sinister

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