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Thread: Trust Lawyers

  1. #21
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    I agree with everything "The Law" has said here.


    In my experience dealing with the law, I strongly suggest you hire an attorney. As a rule attorneys are expensive, greedy, and a royal PITA but they are the only real option when dealing with the law.

    Federal firearms laws are not a good place to goof around.

  2. #22
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    Quote Originally Posted by why1504 View Post
    Assuming you have cooperative local law enforcement leadership and if you don't want persons other than yourself (wife, children, other relatives) to have access to the NFA items it is not worth the effort.
    Let me add that I agree 100% with the above. There is no one way to do this NFA thing. For some people, going the individual route is the best. For others, a trust (or other entity) is best. I don't believe in a one-size fits all solution that includes everyone needing a trust.

    * * *

    One big advantage about David Goldman is that you have access to a "Gun Lawyer" who understands NFA Law. I sent him an email this week and he answered my questions, no charge. If you hire an attorney worth his salt he won't just do a gun trust without reading and studying NFA law. You don't want to pay for that.
    Again, I think this is true and is often forgotten in this type of discussion. The advantage my clients have is that if there is a problem with the trust, I will gladly fix it for free. I have also on many occasions fielded questions from clients after completing their trust. The shooters I've dealt with have been good folk.

    At $199 a pop, I'm not getting rich off of these. But I can help more shooters get into NFA as well as helping this industry as a whole. That's worth it to me to continue helping clients (even non-clients as well) even after I have delivered their trust.

    Moreover, with an attorney in your corner, if there is a hiccup with the ATF I can send them a letter or call. You would be amazed at how people's attitudes change when you have that "Esq." at the end of your name.

    * * *

    In the end, a poorly drafted trust (or poor legal advice on NFA law) could cost you a good bit more than $300.
    This is very true. If your method of acquiring NFA items will be a trust, why not invest a few hundred bucks and do it right instead of sweating it on these forums?

  3. #23
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    Law, thanks for your contribution and expertise here...much appreciated.

    So say you have a Quicken Trust drawn up and already have items transfered to it such as a SBR and a suppressor, could you get lawyer to look it over and make necessary changes to it without having to do a totally separate trust and transfer the items into it, incurring more transfer fees?

  4. #24
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    Quote Originally Posted by Ironman8 View Post
    Law, thanks for your contribution and expertise here...much appreciated.

    So say you have a Quicken Trust drawn up and already have items transfered to it such as a SBR and a suppressor, could you get lawyer to look it over and make necessary changes to it without having to do a totally separate trust and transfer the items into it, incurring more transfer fees?
    Thanks.

    Assuming you have a revocable living trust that permits amendments (that is standard in my trusts and others I would imagine), you should be able to have the trust amended to include whatever additional information/requirements you wanted without having to form a new trust.

    However, if the attorney looks at the trust and finds some kind of fatal flaw, you would likely need to draft a new trust and transfer accordingly. But quite honestly, if there is a fatal flaw, you'd want to do that anyway.

  5. #25
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    Question

    I think this is close enough to this topic as not to hijack. If someone knows can they please answer this for me.
    I have a SBR on a personal form that the local sheriff signed. I am going to buy a suppressor soon. I want all of these item to transfer to my son when I pass.

    The question is this, if I have a layer draw up a trust for me will my personally owned SBR be in the trust or do I have to re-submit (with the $200.00 tax stamp fee) to put it into the trust?

    Thanks in advance.
    Colt AR-15/M-16 Armorer, GLock Armorer, HK USP Armorer
    Firearms Instructor

  6. #26
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    Quote Originally Posted by jackinfl View Post
    I think this is close enough to this topic as not to hijack. If someone knows can they please answer this for me.
    I have a SBR on a personal form that the local sheriff signed. I am going to buy a suppressor soon. I want all of these item to transfer to my son when I pass.

    The question is this, if I have a layer draw up a trust for me will my personally owned SBR be in the trust or do I have to re-submit (with the $200.00 tax stamp fee) to put it into the trust?

    Thanks in advance.
    No need for a trust. You can own the items as an individual and leave them to your son via a will instead of a trust. Just make sure your will is specific as to the items he will get. They will get transferred to him tax free via a Form 5 per the current ATF guidelines.

  7. #27
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    AWESOME! Thanks for the response.
    Colt AR-15/M-16 Armorer, GLock Armorer, HK USP Armorer
    Firearms Instructor

  8. #28
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    Quote Originally Posted by why1504 View Post
    As a rule attorneys are expensive, greedy, and a royal PITA
    Mr. The Law,

    At $199 per trust you are not being greedy. But I bet you are still a PITA! HA HA.

    Just kidding. Too bad you are not closer to where I live. Wouldn't hesitate to hire you to do my trust.

  9. #29
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    Quote Originally Posted by why1504 View Post
    Mr. The Law,

    At $199 per trust you are not being greedy. But I bet you are still a PITA! HA HA.
    When I have to be. Just ask my ex-wife.

    Just kidding. Too bad you are not closer to where I live. Wouldn't hesitate to hire you to do my trust.
    I wish I could offer services in more states. I guess I need to build up a network or something.

    We need to bury the ATF in this NFA stuff.

  10. #30
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    Quote Originally Posted by The Law View Post
    We need to bury the ATF in this NFA stuff.
    100% agree with this my friend! If only there were more lawyers like you...thanks again for all the responses.

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