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I would like to "TALK" to someone about a Trust

Discussion in 'NFA Firearms and Accessories' started by Boba Debt, Feb 9, 2011.

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  1. Boba Debt

    Boba Debt Member

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    I live in NC and would like to set up a Trust for my future NFA items, but before I take the plunge I would like to talk to someone via the phone.

    I just want to have a full understanding of what it is and what's required, etc.

    If you are really fluid in the understanding of Trusts and wouldn't mind talking to me for a few minutes please send me your phone number and a good time to call via email to bobadebt@ec.rr.com

    Thanks
     
  2. Girodin

    Girodin Member

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    Why don't you find an attorney in NC and call them. Many attorneys offer a free initial consultation. Soliciting random legal advice on the internet seems like a really bad idea to me.

    The fact talk is in scare quotes weirds me out a little.
     
  3. GoingQuiet

    GoingQuiet Member

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    I second your statement.

    OP: you have to keep in mind that trust laws vary from state to state. For all you know, you could get a call from someone in Texas and the information is useless to you.

    Consult a local attorney - but you will likely get blank stares when you say you are building a trust for NFA items. Lord knows I did.
     
  4. Boba Debt

    Boba Debt Member

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    Girodin: if talking to another human is weird to you, you may want to come out of your mothers cellar and develop some social skills. I put it in quotes so people would understand that I wanted to have a real conversation with someone via the phone. This may be hard to understand but you can accomplish so much more by having an active conversation in real time and I'm not interested in playing PM or email tag.

    The info on forums is ok but it never seems to answer the stuff you don’t know about. I spent $800 rebuilding the engine in my Fiesta because it got 45mpg and everyone on the Fiesta forum said it was easy, but they neglected to explain that installing the Main Seal was a PITA and that it would probably leak, so I basically wasted $800. I gave up after replacing the seal for the 5th time and just sold the car.



    Local attorneys do not talk to you for free in this case. Most I called didn’t even handle them and the few that didn’t didn’t understand the relationship the RLT had with buying NFA items.


    Going Quiet: I know the laws vary from state to state, but my questions are very general in nature. I considered using the forums but I have found that posting questions about something you have no idea about only leads to the generation of more questions and long, low count, non-productive threads.

    People call me all the time about my Bull Pups and get all the info they need in very short time. In some cases I have sacrificed a lot of my very limited free time to help fellow gun owners. Just last night I spent about an hour helping a guy figure out if he could bull pup a Saiga 12. There is no way he could have gotten the same info from PMs or emails.

    I was on another forum and mentioned that someone could call me for more info about something and a bunch of members freaked out. One guy was so homophobic that he insinuated that I wanted to have some kind of phone sex with people, ***. Others indicated that I must have been lonely and just wanted company?????

    The truth is that I work, A LOT. I don't have time to type out long explanations with pictures only to never even know if the person wanting the info got it.

    If someone has read this thread that has a Trust and just didn’t have the time to talk to a fellow gun member about the subject it says a lot about that person.
     
  5. Girodin

    Girodin Member

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    I do not find wanting to talk to be weird. However, you may want to develop some skills with the English language. Your use of quotes in that way is what is called a scare quote. A scare quote is defined as follows -- the use of quotation marks to indicate that it is not the authors preferred terminology. In other words using quotations the way that you did indicates that you didn't want to literally talk. Please do not insult me when I merely responded to a plain language reading of what you wrote. I can hardly be blamed for your inability to effectively convey your thoughts in written form.

    I imagine this is particularly true when one party lacks effective writing skills.

    I can almost guarantee this and your subsequent comments are the result of your approach. That said, if you want solid information you need to pony up and pay a lawyer a few hundred dollars and have them either counsel you or create a trust that will effectuate what you are after. For the most part lawyers get paid a bunch to do what they do because other people do not have the info or ability to do it.

    Just because someone has a trust does not mean they know much about them or are in a position to counsel someone else concerning them.

    If your questions are such that you cannot reduce them to written then they are not the simply type of question you suggested earlier and soliciting random advice on the internet is surely a good way to get bad advice and inaccurate info.

    If you have legal question too complex to reduce to writing then you need to bite the bullet and go see a lawyer.
     
  6. Onward Allusion

    Onward Allusion Member

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    If you thinking of trust with any significant holdings, you really need to speak in person with an attorney who specializes in estate law. Preferably one with has a CPA or has CPA resources available to them. There are many pitfalls associated with creating your own trust without formal legal & financial advice. It is not as easy as filling out the forms off the Internet and opening up a trust account at your local bank.
     
  7. Onward Allusion

    Onward Allusion Member

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  8. ForumSurfer

    ForumSurfer Member

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  9. AirForceShooter

    AirForceShooter Member

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    Go to a NFA dealer near you. Go in.
    Ask them what's involved in setting up a trust and who they suggest you should use to set it up.

    Them buy the gun from them.

    AFS
     
  10. Boba Debt

    Boba Debt Member

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    I am interested in building the guns myself.

    So I doubt local NFA dealers would be very excited about helping me out.

    I am just trying to find out what the deal is with a trust, it seems that there is more to them then can be boiled down in a post on a forum.

    In my case I may not even need to create a trust but I'm not going to pay the consulation fee to find that out.

    Is there any way to find NFA dealers in my area?
     
  11. Girodin

    Girodin Member

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    Maybe maybe not, a local shop was very helpful when I talked to them about SBRing a gun I already had. You never know until you try. Also, you might just go in and say you are interested in getting into NFA items and doing so with the use of a trust and go from there. The value of this would be who they refer you to. Some gun shop staff are well informed on issues and some are abysmally misinformed based on conversations I have heard in gun shops.
     
  12. JustinL

    JustinL Member

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  13. kingpin008

    kingpin008 Member

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  14. Girodin

    Girodin Member

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    I have a book on my shelf right now concerning the basics of trusts, its only about 590 pages or so. So yeah, I would agree there is more to them than can be boiled down in a post.
     
  15. HD Fboy

    HD Fboy Member

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    Here is a start:

    http://www.guntrustlawyer.com/

    YMMV

    Understand, local legal council will cost more and in some cases will be money well spent. The more you have, the more you risk.

    When you do the trust, you must maintain the trust. Ad items, modify the trust. You will need to maintain a bank account.

    DO you need a trust?
    If it wasn't for access to the NFA items by my children I would not go through the hassle.

    Or, if my local LE wouldn't sign the paperwork I would do the trust.

    It is quite a bit of hassle.
     
  16. Aaron Baker

    Aaron Baker Member

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    Why?

    I've seen a couple of references to this in this thread alone. Why would you need a bank account for a trust if the trust doesn't hold any money?

    My NFA trust only has in it physical items. Specifically, an SBR. Don't need a bank account for that.

    And really, it's a bad idea to make anything but NFA items part of your NFA trust. If you want to leave money to someone in a trust, do it as a separate trust.

    Boba: I have a trust. I built the SBR that's in it. I'm a lawyer. That doesn't mean I have any desire to talk to strangers on the phone about it. Especially since you might believe that we therefore have a attorney-client relationship. (And as a lawyer, your subjective belief is what gets me sued, unfortunately.) So I'm not gonna go giving you legal advice, unless you happen to be in Kentucky, which is the only place I'm licensed to practice. (And I'm not a trusts-and-estates lawyer anyway, so my advice might be of limited usefulness.)

    I imagine that others are right: most people are either lawyers, in which case it only helps if they're local to you, or they're not trust experts, even if they have one, in which case they can't really help you.

    On the other hand, if you have general questions about trusts, why not ask them? Some folks here may well be able to answer those questions, and since this is a very popular forum, the information posted may help someone else later.

    Aaron (Standard disclaimer: I'm a lawyer, but not YOUR lawyer)
     
  17. mopar92

    mopar92 Member

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    SBS and sending SBS off...

    Not sure what happened, it put my new thread on this one!!! Weird!
     
  18. dprice3844444

    dprice3844444 member

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    boba,it should not be a problem putting them in a trust.after your demise,the
    paperwork to transfer will still be form 4.the recipient will have to complete form 4 in duplicate,2 print cards per item,to receive.the transforer will be your trust executor/executrix(female).
    transforer signature will be (example)john doe,executor or jane doe,exectrix.include a death cerificate/(trust copy call nfa branch) with the paperwork.fill out all paperwork in duplicate ahead of time for executor,less signature..this way executor/trix only has to sign them.no 200 fee per item.
     
  19. dprice3844444

    dprice3844444 member

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    i forgot,also send a copy of your present for 4 with it.your trust lawyer can help you set up a trust ot quicken.com has a program to do it.set up seperate trusts for weapons,seperate trust for vehicles,seperate trust for house,and seperate trust cars,and seperate trust for cash.reason=if you have cars,house and cash in same trust,if you get into car accident and the claim exceeds what insurance covers,they can sue the car trust,which includes house and cash and possible get them.seperate trusts might prevet this(my thoughts on this,might not be right,but run it by the lawyers)
     
  20. Rambosky

    Rambosky Member

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    I know a local attorney here in NC that has done my Will and closing on my house. He does Trusts. When I talked to him about doing one and explained about my SBR project guess what he said? He asked me to find out how I add the SBR to my Trust through ATF.

    Well, I'm going the Quicken route and see how far I can get before I get stumped.
     
  21. flking

    flking Member

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    You want free legal advice?

    Back from the dead...

    You know, $100 or even $250 for a quick qualified legal consultation is a lot cheaper and faster to obtain than a $100,000 law education.
     
  22. gatorjames85

    gatorjames85 Member

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    Some lawyers will even give you a free initial consult.
     
  23. Joebklyn

    Joebklyn Member

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    Get a lawyer or the BATF will make you get one.
     
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