Diamonds Posted June 2, 2013 Report Share Posted June 2, 2013 Who would you use? Who have you used? Is there a program you bought and liked? Or, did you get a lawyer? Thank you, Bob Quote Link to comment Share on other sites More sharing options...
Nate1647545505 Posted June 2, 2013 Report Share Posted June 2, 2013 Hi Bob, I've done two so far, one personal and the other for an estate. The personal trust was done with NOLO's software, revised with some additions for specific wording done in the first trust drafted by the lawyer handling estate items. A living trust is a trust, just like a will is a will, even if its written on an orange (true story). Depending on your situation (grantors, trustees, beneficiaries, etc.) the computer software works for most people. 99% of the time it will clear the ATF for the initial purchase. Keep in mind the trust is only validated is an invalid or valid trust, it can be reviewed and upon the execution phase, that could mean a knock on the door and some hefty fines if something isn't jiving. If aren't a convicted felon, can verify your income from birth, and don't have an extensive travel record overseas -- you should be OK. The one key element that is left out on most online postings: you cannot purchase anything being declared in the trust with a personal account. All of your purchases need to be made with an account registered to the trust and therefor acting as the trust. I've found that PNC will create an account in the name of the trust without classifying it as an investment account, so: no fees, 5$ min balance, regular checking account. I normally bank with 53rd and USAA - both wanted to only talk about $$,$$$.$$ style of accounts. I would say reading over all of the ATFs' documents relating to what you want to do. Ignorance is not an excuse and is not taken lightly. Quote Link to comment Share on other sites More sharing options...
Radio Flyer1647545514 Posted June 3, 2013 Report Share Posted June 3, 2013 quicken 2009 I have someone that drafts them I can refer you to if you want to feel more safe about it. Quote Link to comment Share on other sites More sharing options...
Diamonds Posted June 3, 2013 Author Report Share Posted June 3, 2013 ^^^ I would. Thanks to both. Quote Link to comment Share on other sites More sharing options...
Radio Flyer1647545514 Posted June 3, 2013 Report Share Posted June 3, 2013 Steve Michniak 330-734-9639 I spoke with him on the phone briefly. He seems like a good guy with a fair price for setting up a trust. He told me he has done a few hundred of them. He lives somewhere near Cleveland and he can do everything over the phone with you. It took him a few days to get back to me when I called but I called late on a Friday. I still went the Quicken route but give this guy a call. I believe he told me it would be 250 to set up a trust. Keep in mind that if you plan on going the SBR route to try and keep your trust name short to keep the engraving to a minimum. Something else to add. From what I've read, if the NFA were to deem your trust invalid for some reason or another they're not going to come knocking down your door and throw you in jail. They'll give you some time to get your trust straightened out as well as give you recommendations as to where to get it set up correctly. You will have to pay another 200 dollar fee though. Quote Link to comment Share on other sites More sharing options...
1fast5gp Posted June 3, 2013 Report Share Posted June 3, 2013 Don't use Quicken to do a NFA trust. It doesn't set it up where the vocabulary is geared toward NFA items. Some say it doesn't matter, some say it does. Why risk it... Quote Link to comment Share on other sites More sharing options...
Nate1647545505 Posted June 3, 2013 Report Share Posted June 3, 2013 Don't use Quicken to do a NFA trust. It doesn't set it up where the vocabulary is geared toward NFA items. Some say it doesn't matter, some say it does. Why risk it... The terminology that lawyers use a selling point is mostly dealing with giving the power to grantors or beneficiaries to transfer items in and out of the trust. Quote Link to comment Share on other sites More sharing options...
Diamonds Posted June 26, 2013 Author Report Share Posted June 26, 2013 got my trust, if anyone else wants a copy I will sell it to you. Sorry if that sounds bad.... But I paid 250.00 for it. Yours for 30.00 bucks. Quote Link to comment Share on other sites More sharing options...
Radio Flyer1647545514 Posted July 14, 2013 Report Share Posted July 14, 2013 Who did you end up having make it? Quote Link to comment Share on other sites More sharing options...
Diamonds Posted July 14, 2013 Author Report Share Posted July 14, 2013 275guntrust.com Rob Adkins from mid Ohio firearms referred me there when it worked for him. Quote Link to comment Share on other sites More sharing options...
KillJoy Posted July 14, 2013 Report Share Posted July 14, 2013 (edited) got my trust, if anyone else wants a copy I will sell it to you. Sorry if that sounds bad.... But I paid 250.00 for it. Yours for 30.00 bucks. Is the trust "registered" somewhere? If so, how? KillJoy PS - I am wanting a copy... Edited July 14, 2013 by KillJoy Quote Link to comment Share on other sites More sharing options...
Rustlestiltskin Posted July 14, 2013 Report Share Posted July 14, 2013 I'd buy a copy as well. Quote Link to comment Share on other sites More sharing options...
Diamonds Posted July 14, 2013 Author Report Share Posted July 14, 2013 Killjoy, I'm not sure. I printed it, took it to blackwing and sent it off with my form 4 for my suppressor. They said the trust looked perfect. I have thought about the fact that all the trust actually is..... Is just a document claiming an entity. You guys can PM me if you want my Paypal addy or I can even prepare the doc for you. No biggie. Let me know. Quote Link to comment Share on other sites More sharing options...
Nate1647545505 Posted July 15, 2013 Report Share Posted July 15, 2013 Is the trust "registered" somewhere? If so, how? KillJoy PS - I am wanting a copy... Local courthouse, its a good idea but not required. Quote Link to comment Share on other sites More sharing options...
BigOxley Posted July 16, 2013 Report Share Posted July 16, 2013 275guntrust.com Rob Adkins from mid Ohio firearms referred me there when it worked for him. I looked, ohio wasn't one of the states listed? Quote Link to comment Share on other sites More sharing options...
KillJoy Posted July 16, 2013 Report Share Posted July 16, 2013 Local courthouse, its a good idea but not required. How does one go about doing this? KillJoy Quote Link to comment Share on other sites More sharing options...
Diamonds Posted July 17, 2013 Author Report Share Posted July 17, 2013 I looked, ohio wasn't one of the states listed? Rob connected me with the guy who owns the site and he sent it to me. Quote Link to comment Share on other sites More sharing options...
NTHER91 Posted July 17, 2013 Report Share Posted July 17, 2013 im not 100% on this.. but I think I would not take the easy way out when dealing with this type of stuff and would want it all in my name. but I went LLC anyway so ehh. Quote Link to comment Share on other sites More sharing options...
Diamonds Posted July 18, 2013 Author Report Share Posted July 18, 2013 im not 100% on this.. but I think I would not take the easy way out when dealing with this type of stuff and would want it all in my name. but I went LLC anyway so ehh. Question: How is developing a gun trust the easy way out? AND, It is all in my name... Items named in an LLC become public knowledge and yearly fees may apply as well as annual form filing etc. Items in a trust just seemed easier from a maintenence standpoint. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.