NFA Gun Trust Lawyer??

[EvolvingTactical]

Hey everyone,

I was wondering if anyone knows of any local gun trust lawyers in Colorado that can help me create a NFA trust for a suppressor/silencer?
Have any of you created a trust? Do you recommend any particular lawyer? How expensive was their service?
I appreciate any information regarding creating a trust, and am trying to figure out the best route to go. The process seems like a big headache and I don't quit know where to start.

Thanks,
Connor

[vossman]

Oh yeah, NFATRUSTGUY will get you hooked up quick, fast and in a hurry.

[Aloha_Shooter]

Check out the deal from US Law Shield (https://www.uslawshield.com/). My club sponsored one of their presentations and it was a very good deal. I already had my trust being worked by someone else but I was impressed with their presentation and prices.

[Hoser]

NFATrustGuy is a member here and is highly recommended.

[Joe Manco]

How long does it take start to finish? And what's a ballpark cost? Are there different rules/laws for pistols? Are comps caliber/gun specific? Does one trust cover only one compensator? I obviously know nothing about them.

[MarkUSMC88]

Generally, a lawyer to draft trust documents and give good instruction on what to do will cost roughly $400-1200. Douglas Turner, a Colorado attorney, was right under $700. You get a trust document that establishes a legal trust in Colorado. Once the trust is funded, you, acting as a trustee, can buy anything in the name of the trust. One suppressor, two, etc. even a car.

I think most lawyers recommend keeping only nfa nfa items in an nfa trust, as nfa trusts are poor estate management tools because of their nature of being for nfa items.

The goal of these trusts are often to allow multiple trustees to be in possession of nfa items, like a wife, friend, etc, without running afoul of nfa possession laws. Also, if you purchase an nfa item, you must use an atf form 4, costing $200 and months of waiting. If you die, your personal representative must dispose of the nfa item in probate, and must use a form 4 costing $200 and months of waiting. A trust establishes this continuous possession by the trust, and the new trustee (think beneficiary trustee) is spared this headache of transferring the item.

Hope that helps

[muddywings]

How long does it take start to finish? And what's a ballpark cost? Are there different rules/laws for pistols? Are comps caliber/gun specific? Does one trust cover only one compensator? I obviously know nothing about them.

A few hundred is a ballpark on the cost of a Trust; I won't speak to exact costs. But as NFATrustGuy advised me, a small portion of that cost is for the actual work to set up the trust, the majority is for the (great) advice that comes along with it. I had a lot of questions when I got started and he was a great help.
The trust can contain all your NFA items. SBRs, suppressors etc etc. My first item into the trust was/is a $5 bill so that it has something to start with. After that, add to your heart's (and wallets) content!
+1 NFATrustGuy

[brutal]

NFATRUSTGUY.

No ifs and or buts.

https://www.ar-15.co/members/9574-NFATrustGuy is our guy here and is you best resource.

[MarkUSMC88]

As for timeframe to draft a trust, it depends on the lawyer's schedule. These are usually templates that won't take much actual time, but getting an appointment is usually the bottleneck that can range from hours to days to weeks.

Generally, expect you can have a trust drafted, signed, and funded within a week or two from start to finish

[Great-Kazoo]

As for timeframe to draft a trust, it depends on the lawyer's schedule. These are usually templates that won't take much actual time, but getting an appointment is usually the bottleneck that can range from hours to days to weeks.

Generally, expect you can have a trust drafted, signed, and funded within a week or two from start to finish


Rodney does it electronically.

[Great-Kazoo]

Generally, a lawyer to draft trust documents and give good instruction on what to do will cost roughly $400-1200. Douglas Turner, a Colorado attorney, was right under $700. You get a trust document that establishes a legal trust in Colorado. Once the trust is funded, you, acting as a trustee, can buy anything in the name of the trust. One suppressor, two, etc. even a car.

I think most lawyers recommend keeping only nfa nfa items in an nfa trust, as nfa trusts are poor estate management tools because of their nature of being for nfa items.

The goal of these trusts are often to allow multiple trustees to be in possession of nfa items, like a wife, friend, etc, without running afoul of nfa possession laws. Also, if you purchase an nfa item, you must use an atf form 4, costing $200 and months of waiting. If you die, your personal representative must dispose of the nfa item in probate, and must use a form 4 costing $200 and months of waiting. A trust establishes this continuous possession by the trust, and the new trustee (think beneficiary trustee) is spared this headache of transferring the item.

Hope that helps

Not true. A surviving family member can acquire them via a Form 5. Unless you meant to say the heir when transferring / sale to another person has to wait for approval. Then yes it's the usual wait.

BUT if one is deceased your heir (WITH OUT A TRUST) Acquires said items via a Form 5. WITHOUT having to pay $200 per. Which for most of our surviving heirs can be very expensive.

http://www.titleii.com/pdf/010205-Form5.pdf


[26 U.S.C. 5851-5853, 27 CFR 479.69, 479.70 and 479.88–91]Q: Are there any exemptions from the making or transfer tax provisions of the NFA?

Yes. These are noted below, along with the required form number, if any, to apply for the exemption. Completed forms must be approved by the NFA Branch prior to the making or transfer:

Tax exempt transfer of a firearm to a lawful heir: ATF Form 5.

[NFATrustGuy]

Thanks for all the kind words guy's. I've done 100's of NFA Trusts and many of my clients come from this forum.

I charge a flat fee of $300 and can almost always return your completed documents within 48 hours of receiving your completed questionnaire. I do everything via email if you have the ability to complete and mail a PDF questionnaire with your computer equipment and computer skills.

As someone on page 1 of this thread mentioned, at least 50% of what you're paying for is access to me for NFA related questions. I do everything I can to be helpful to my clients LONG after the sale.

As it says in my signature line, send a blank email to the address listed below to get the ball rolling. Don't worry, you won't be put on any spam list. I don't have time for that nonsense.

Best regards,

Rod

[XXFattyHunterXX]

Got my trust from Rodney 8/21, inquired 1 day before, filed form 1 8/29, got my stamp 9/30. Best 300 I ever spent.

[Akyla]

We refer all our customers to Rodney (NFATrustGuy). He's always taken care of them and gotten things done quickly. I've only heard positive things about the results. Definitely recommended.

[Slapps74]

I have seen some posts about "funding" the trust. What is meant by that?

[NFATrustGuy]

I have seen some posts about "funding" the trust. What is meant by that?

A Trust must own something in order to exist. The second it doesn't have any assets, it legally ceases to exist. To guard against this, I have my clients put a 2, 5, 10 or whatever dollar bill in the Trust so that the Trust will always own something. We list the bill by serial number on the Trust's list of assets and the Trust is "funded." I tell people to put this $XX bill in a zip lock baggie and keep it in their gun safe--never to be spent.

You could also "Fund" the Trust by putting a weapon or a suppressor in it, but there's always a chance you'd want to dispose of that particular item at some point in the future. Again, to guard against the possibility of leaving nothing in the Trust, we just include a simple paper $XX bill.

[Great-Kazoo]

A Trust must own something in order to exist. The second it doesn't have any assets, it legally ceases to exist. To guard against this, I have my clients put a 2, 5, 10 or whatever dollar bill in the Trust so that the Trust will always own something. We list the bill by serial number on the Trust's list of assets and the Trust is "funded." I tell people to put this $XX bill in a zip lock baggie and keep it in their gun safe--never to be spent.

You could also "Fund" the Trust by putting a weapon or a suppressor in it, but there's always a chance you'd want to dispose of that particular item at some point in the future. Again, to guard against the possibility of leaving nothing in the Trust, we just include a simple paper $XX bill.

LADIES & GENTLEMEN. The hardest working man in showbizness

[MarkUSMC88]

Not true. A surviving family member can acquire them via a Form 5. Unless you meant to say the heir when transferring / sale to another person has to wait for approval. Then yes it's the usual wait.

BUT if one is deceased your heir (WITH OUT A TRUST) Acquires said items via a Form 5. WITHOUT having to pay $200 per. Which for most of our surviving heirs can be very expensive.

http://www.titleii.com/pdf/010205-Form5.pdf


[26 U.S.C. 5851-5853, 27 CFR 479.69, 479.70 and 479.88–91]Q: Are there any exemptions from the making or transfer tax provisions of the NFA?

Yes. These are noted below, along with the required form number, if any, to apply for the exemption. Completed forms must be approved by the NFA Branch prior to the making or transfer:

Tax exempt transfer of a firearm to a lawful heir: ATF Form 5.

I stand corrected. A form 5 and probably no $200... But still a waiting period to be approved. Trust solves that

[Great-Kazoo]

I stand corrected. A form 5 and probably no $200... But still a waiting period to be approved. Trust solves that

No waiting period, if any. Just proof of death / certificate. They want to facilitate the ownership as quickly as possible. Knowing most people will be selling the NFA stuff. I have trust and individual items, the spouse or daughter takes possession of.
For clarification, call the NFA branch. Make sure you get name of contact, date & time of conversation. Put that info in your NFA file.

[Dave_L]

Contacted Rodney earlier this week and will be sending back my paperwork in the next couple days. Looking forward to working with him.

[akumadiavolo]

I used Rodney as well. Sent in the email at 5PM on a Friday and had final paperwork by 10PM on Sunday. Couldn't be happier with the service, highly recommended.

[Hoser]

I appreciate any information regarding creating a trust, and am trying to figure out the best route to go.

Did any of the 20 replies above help or were you looking for some other type of info?

[EvolvingTactical]

They all helped me greatly, but sadly I ended up deciding I do not have the funds to get a NFA item at this time. This is due to the fact that I am a full time college student with lots of debt. Thank you everyone for all the information.

[XXFattyHunterXX]

I'm a full time student too, but you can always get a trust opened then when you have money, buy what you want. One step at a time. Wished i would of gotten a trust when i first got into guns, i'd have more NFA stuff than i have now.

[Tactical Joke]

Let me add another to the chorus singing NFATrustGuy's praises. I have more than one trust, and Rodney's is the best of them.

[Dave_L]

Just sent him my completed paperwork. Can't wait!

[Great-Kazoo]

Just sent him my completed paperwork. Can't wait!

His turn around time is fairly quick. You check your e-m yet ;)

[Dave_L]

His turn around time is fairly quick. You check your e-m yet ;)

It was there first thing this morning! Talk about a great way to wake up. Great person to deal with!

[vikingwyatt]

Rodney is the best! He was even on vacation when he helped do mine for me. Thanks Rod

[NFATrustGuy]

To anyone who--within the last week or so--has pinged my auto-responder email address mentioned in my signature line, I apologize, but user error rendered it temporarily inoperative. I've been out of town most of the last week. I'm back in town and am going through my office email this morning trying to make sure I've caught anything that slipped through the cracks. I think I've caught all my screwups, but if you've sent for information and haven't received it, PM me or try the auto-responder again.

Thanks to everyone for the continued support.

Rod