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Thread: Affordable NFA Gun Trust

  1. #31
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    Unauthorized practice of law is generally a crime. For instance in my state (Tennessee) it is a class A misdemeanor punishable up to 11 months and 29 days. Based on the definition of "practice of law" in the Tennessee Code, it sure looks like writing someone else's trust would get you there.

    But LZ and Quik are able to do their thing and get away with it (I've heard that 'zoom was sued but I don't know what happened). Maybe it's a gray area with companies like that.

    What I've learned over the years from doing this is that the people who want it done right...will do it right.

  2. #32
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    Quote Originally Posted by Bluto View Post
    Let me expand on my statement…

    About two years ago I decided to get in to the NFA game. After some research I decided to go the trust route rather than individual filing. I found a lawyer in my state (Florida) that charges $300 for a trust. I had a few other non-NFA things that needed to be addressed as well. He spent another 30 minutes and charged me $600 total. So, I paid $300 for 30 minutes of his time. Did I over pay?...

    Flash forward 18 months. I recently had a problem with the NFA. I called up the lawyer, who quickly stepped in on my behalf, filed some paperwork with them and got it straightened out. No additional charge. Could I have resolved it myself? Possibly, but it would not be worth the risk of screwing it up. Also, the time involved on my end was just a couple of phone calls and some stamps.

    So, the question of this post really should be: Who are you going to call if there is a problem with your discount trust?

    I once asked the lawyer what would happen if the document just got published online, for everybody to copy and use. He said “no problem!” The document is not the most important thing. You are paying for the SUPPORT behind the paperwork. I am sure he (and every other lawyer…) waits for the days when someone calls with a problem they have with a cheap trust… I’m sure the screws are really tightened on their nuts that day…

    In my case, the cost in terms of time and money to un-**** the problem would have been way more than the $600 I spent. There are better ways to save a buck…
    What was the problem with the trust?

    Quote Originally Posted by Koshinn View Post
    Imagine the atf accepts your trust, transfers the item to your trust, then your trust takes possession of an nfa item or two. Except your trust isn't legal because it's missing something important. I'm not an expert in trusts and estates, but I think a non legal trust is the same as no trust at all. Thus, you could be in illegal possession of NFA items, which would be a felony and remove your right to own any firearms for life.

    But that's the worst case scenario.
    You might have to surrender or at least remove the short bbl but if you have a valid tax stamp I think your fears are unwarranted.
    "Real men have always needed to know what time it is so they are at the airfield on time, pumping rounds into savages at the right time, etc. Being able to see such in the dark while light weights were comfy in bed without using a light required luminous material." -Originally Posted by ramairthree

  3. #33
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    That was a good link. Full of common sense.

    http://ncsilencer.blogspot.com/2011/...fa-trusts.html
    "Real men have always needed to know what time it is so they are at the airfield on time, pumping rounds into savages at the right time, etc. Being able to see such in the dark while light weights were comfy in bed without using a light required luminous material." -Originally Posted by ramairthree

  4. #34
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    Yeah I definitely just googled nfa trust, found the cheapest one ($95), had it notorized. It worked, and as long as the atf didnt care neither do I

  5. #35
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    I paid a lawyer $300 for my trust. That bought me peace of mind, and professional help in the future should there ever be a problem. It seems to me that it's better to pay a little bit more to make sure that it's right, because there is too much to risk if it isn't right.

  6. #36
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    I also paid a TN Attorney for a trust (sorry I would have PM'd the OP if I had seen his post first to support the board). I think it's worth having backup in case you ever have problems. I'm just as concerned (and maybe moreso) in setting it up to properly cover my heirs in the event of my death as I am while living.
    "Those who do can't explain; those who don't can't understand"...

  7. #37
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    If any of you guys are in Nevada there is a lawyer here who has been setting up NFA trusts for us.

    http://nevadaguntrustattorney.com/
    Benjamin L. Bunker
    $199
    "To my mind it is wholly irresponsible to go into the world incapable of preventing violence, injury, crime, and death. How feeble is the mindset to accept defenselessness. How unnatural. How cheap. How cowardly. How pathetic." - Ted Nugent

  8. #38
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    I've exchanged emails with Matt from AA. It's expensive, but when I have the money, they'll who I go to. Any legal matters, I want handled by a lawyer. Same reason I've chosen the firearms I have. Pay once, cry once.

  9. #39
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    Quicken is only $10

  10. #40
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    I am an attorney, so I guess I have a dog in this fight, so take my opinions with that in mind. I've done a few gun trusts (including my own), but they don't make up a large part of my practice. As such, each is specific to the client's needs. As with anything else, I'm sure if I do 100 of them the price will go down (right now I charge around $500 depending on the amount of time involved-- which usually includes at least two office visits to make sure the client understands all provisions of their trust). That said, I stand by each one and will be able to help the client if something goes wrong.

    In addition, I've had numerous clients bring in estate planning documents (wills, trusts, DPOAs, etc.) they have prepared at home using Quicken. Many times, after discussing the documents with them they opt to scrap their home made stuff and go with one I draft. It isn't so much that it would be impossible to produce a passable legal document with Quicken (although it is overly broad and poorly drafted, IMO). The problems I see are usually because of operator error. When the user doesn't understand what he or she is doing and more importantly why they are doing it, problems occur.

    Think of it like this: If you were looking to increase the horsepower of your car and gave a hand full of engine parts to a weekend, shade-tree mechanic, then gave the same parts to a well-trained, certified mechanic, which do you think could produce a better engine? The shade-tree guy may produce an engine that runs, but maybe not. Either way I doubt it would be as good as the pro.

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