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Thread: Trust

  1. #1
    Brevard13 is offline Member
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    Trust

    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

  2. #2
    Steve M1911A1's Avatar
    Steve M1911A1 is offline Senior Member
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    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

  3. #3
    bruce333's Avatar
    bruce333 is offline HGF Forum Moderator
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    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.

    Quote Originally Posted by Steve M1911A1 View Post
    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.
    /\This is what I would do if I made a trust. I just wouldn't be comfortable doing it by myself.
    Bruce, Life Member: NRA, NCRPA, GRNC, GOA

    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."
    -Isaac Asimov

  4. #4
    FNISHR is offline Member
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    Get a lawyer. Trusts are not simple.

  5. #5
    Brevard13 is offline Member
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    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.

    Thanks guys.

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