I am seriously contemplating setting up a Trust. Mainly to purchase a couple of supressor and a couple of short barreled rifles. Only thing I am running into is besides a lawyer route what is the best way to setup a Trust. Wasn't sure if anyone knew or not. Or if someone has experience. Also please keep it simple as I am not the sharpest knife in the drawer
If you truly are "not the sharpest knife in the drawer," I strongly suggest making use of a lawyer, to set up your trust.
It's not a simple matter.
Jean and I have a trust* and, even though I have a little legal training, we preferred to have it formulated and prepared by a lawyer.
His work was worth every cent we paid.
*although not a firearms-related one
Couple of links for you:
NFA Gun Trust Lawyer Blog: North Carolina - Gun Trust Lawyer Archives
Q: How do I make a "Revocable Living Trust" for NFA Purchases?
NC NFA Defense Association
There is also a thread on ARFCOM Carolinas Home Town forum about it, but I don't have the link handy at the moment.
/\This is what I would do if I made a trust. I just wouldn't be comfortable doing it by myself.
Originally Posted by Steve M1911A1
Bruce, Life Member: NRA
Naval Air Museum Barbers Point
"I personally think we developed language because of our deep inner need to complain."--Jane Wagner
"The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom."
Get a lawyer. Trusts are not simple.
Thanks guys. Guess I need to find a good lawyer to set this up. We have a plan when we enroll in our insurance that asks if we want them to hold alittle bit out of our paychecks and it goes to a sort of family lawyer type stuff just for trust, wills, and stuff. I can't remember how much they took out every 2 weeks but it might be worth looking into.
I said I am not the sharpest knife in the drawer. Let's just say I tend to get overwhelmed easily as I have plenty of common sense.
Anyway, thanks for your help. I guess the extra $150-$400 would be worth it in the long run. I know alot of people us Quicken Will and stuff like that to do their's and say it is pretty easy, but alas I don't know. Guess i could see if there is any good pro-gun lawyers around here.
I have also heard of people doing on just for the NFA "toys" and one for other things. I don't think i will need the other things though if something happens to me my wife will get everything. But I guess it doesn't hurt to have a will made. Yep, time to find a lawyer and get everything done at once.
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