View Full Version : NFA trust creation cost
kpp80202
02-28-2019, 17:04
I've been looking at the Silencer Shop site re potentially getting a can and/or an SBR, and noticed they have "single shot trusts" for $25 to set up a trust for one can or SBR. I'm sure it doesn't have the bells and whistles that a normal NFA trust would have regarding what happens to the NFA items when the trustee passes. Do any of you know how much a normal NFA trust costs (as prepared by a lawyer)?
Anyone have any advice on the whole trust process? I'm the only one in my family interested in shooting at the moment, though my minor kids are slightly interested (they have fun doing it, but never really think about it).
IMO it really depends on how deeply you are going to get involved. If you are buying one can and building one sbr then I would go cheap. You can spend thousands on a trust which will guarantee that things will get handed down properly. If you aren't worried about handing them down they will have to be destroyed when you kick the bucket. You also can just go the individual route. Now if you plan on getting into mg's get a good trust.
Rodney (NFATrustGuy) on here does them for under $500 last I checked. Many, many people on here have used him. I used Rodney myself.
I thought he quit doing those?
ChickNorris
02-28-2019, 19:12
ish
I thought he quit doing those?
He quit catering to window shoppers that buy elsewhere.
kpp80202
02-28-2019, 20:04
Now if you plan on getting into mg's get a good trust.
So why do you say this for MGs?
Little Dutch
02-28-2019, 20:04
IMO it really depends on how deeply you are going to get involved. If you are buying one can and building one sbr then I would go cheap. You can spend thousands on a trust which will guarantee that things will get handed down properly. If you aren't worried about handing them down they will have to be destroyed when you kick the bucket. You also can just go the individual route. Now if you plan on getting into mg's get a good trust.
The NFA items are transferred to your heir(s) with a Form 5, tax free transfer.
ETA - To clarify, there would be no reason to destroy them. Unless you have no legal heirs willing to take them.
NFA purchases are pretty much a life long deal.
Do yourself a favor and have a real lawyer like Rodney prepare your trust. And you put him on retainer for a year for NFA related questions.
I thought he quit doing those?
He did for a while, then enough people asked for him so he offered up his services to us again. But I can't speak for him.
So why do you say this for MGs?
A can or an SBR doesn't have the value that a registered machine gun has. A can or SBR/SBS can just be made again, where as no more machine guns can be registered.
NFATrustGuy
02-28-2019, 23:41
Hi folks,
Yes, I'm still doing the occasional NFA Trust, but business has slowed significantly. For whatever reason, I've had a bunch of inquiries over the last week or so.
As a few of you have mentioned, I've become a bit surly with regard to people who call or write with a bunch of questions and then go out and buy an unsupported $25 Trust. My problem is that it's tough for me to determine ahead of time who is or isn't being a freeloader. I'm sure I've turned off a few folks because I've become a bit more stingy with free (pre-purchase) advice.
I'm still charging the same $300 as I've always charged.
With the uptick in interest, I'll reactivate my old inquiry email address, but it won't be an automated response because I can't seem to outsmart the bots and spammers. So send a blank email to the following email address and I'll send my promotional email and a questionnaire, but I'll process it manually, so the response may take up to a full day depending on what's going on in my world at that instant.
NFATrust **attttt** WoodardLaw **dotttt** com
Only one ?W? in my last name. Not Woodward.
Fentonite
02-28-2019, 23:57
Another supporter for Rodney. I bought another trust elsewhere, (not even a cheapo pre-fab, but from an actual attorney), and then paid Rodney his fee to amend it and make it sound. Worth every penny.
My trust is also from Rodney. I recommend him as well.
whitewalrus
03-01-2019, 16:51
I got my trust from Rodney as well as a friend of mine who isn?t on these forums. Both of us are very happy we did.
In the tax stamp game of paying $200 just to chop a few inches off a barrel, you shouldn?t go with some cheap internet one.
Great-Kazoo
03-01-2019, 18:31
Rodney. if no one has mentioned him yet.
Ditto for Rodney.
Solid trust, solid guy.
yankeefan98121
03-05-2019, 13:00
Yup, got mine from Rodney as well and have never looked back. Best $300 spent
kidicarus13
03-05-2019, 15:14
Yup, got mine from Rodney as well and have never looked back. Best $300 spentSi yo tambien
spqrzilla
03-08-2019, 21:43
The NFA game is an expensive game. The penalties for screwing up a regulation are severe. It takes a special kind of thinking to believe that some trust one copied off the internet, or built with a will drafting software is a good idea.
But it is a fact that it is an uphill battle convincing people that paying an attorney is a good idea. I have some great anecdotes of people who "saved" themselves a few hundred bucks by not hiring me. [mlp]
Is Rodney still helping people with gun trust?
Sent from my iPhone using Tapatalk
Is Rodney still helping people with gun trust?
Sent from my iPhone using Tapatalk
Email him and find out ;)
NFATrust **attttt** WoodardLaw **dotttt** com
NFATrustGuy
01-12-2020, 16:00
Nope. I’m done. Way too many people pumping me for information and then buying from an unsupported/non-lawyer source. I can’t come up with a reliable method to separate the freeloaders, so I’m done.
RW
Is Rodney still helping people with gun trust?
Sent from my iPhone using Tapatalk
spqrzilla
01-12-2020, 16:22
Nope. I’m done. Way too many people pumping me for information and then buying from an unsupported/non-lawyer source. I can’t come up with a reliable method to separate the freeloaders, so I’m done.
RW Preach brother.
Nope. I’m done. Way too many people pumping me for information and then buying from an unsupported/non-lawyer source. I can’t come up with a reliable method to separate the freeloaders, so I’m done.
RW
Small retainer that can be applied to the trust cost?
As in, "I'd be happy to answer your (up to n) questions for $99 retainer which can be applied to the final cost of the trust."
USMC88-93
01-12-2020, 19:08
Small retainer that can be applied to the trust cost?
As in, "I'd be happy to answer your (up to n) questions for $99 retainer which can be applied to the final cost of the trust."
I think he has been down that road as well, and it has proven to not be worthy of his effort due to flakes. I unfortunately missed the boat getting one done with him as well and at some point will have to navigate that world myself. Everything I have to this point has been individual stamps.
Nope. I?m done. Way too many people pumping me for information and then buying from an unsupported/non-lawyer source. I can?t come up with a reliable method to separate the freeloaders, so I?m done.
RW
Sorry to hear that.
Sent from my iPhone using Tapatalk
Why a trust vs individual?
With the current rules a trust seems like a waste of time.
With the current rules a trust seems like a waste of time.
Nope.
electronman1729
01-12-2020, 23:52
buying from an unsupported/non-lawyer source.
RW
This is why I always inform people about your trusts as opposed to the shaddy ones on the web. It is worth the extra cost.
Why a trust vs individual?
With the current rules a trust seems like a waste of time.
Glad I had my trust in place before 2013.
All my +15 rd mags were transferred to and belong to the trust. Colorado can suck it when I die.
FromMyColdDeadHand
08-22-2020, 00:20
Nope.
Who is now the best Trust person to go with in CO, Denver area?
My wife and I need to update our wills too.
FromMyColdDeadHand
11-25-2020, 21:20
Really? Nobody? I think the pistol brace crackdown is just a matter of time, and potentially any kind of mag or gun 'ban' is attempted. SOmeone here mentioned that they put their 30 round mags into a trust so as to keep them in circulation beyond their death. I know, I know, legal machinations. I'd rather play the game for before going into a sudden death playoff.
Can you trust a generic TRust lawyer to construct it right?
Last I heard from my lawyer is entering your mags into a trust after the ban isnt allowed as you are transferring possession of them.
FromMyColdDeadHand
11-25-2020, 23:46
Last I heard from my lawyer is entering your mags into a trust after the ban isnt allowed as you are transferring possession of them.
Yep. Heck, I’m worried about 15s...
Last I heard from my lawyer is entering your mags into a trust after the ban isnt allowed as you are transferring possession of them.
Roger. I transferred all mine to the trust pre-ban.
Kinda hard to do if your trust doesn't predate the ban.
I'm on the hunt for a lawyer to make me a new nfa trust too. Any recommendations?
I'm on the hunt for a lawyer to make me a new nfa trust too. Any recommendations?
With Rod not doing them anymore I usually send people to James Cook here in the Springs. His speciality is 2A stuff, and he is a shooter.
Wolfshoon
11-26-2020, 13:58
I used Doug Turner for my NFA trust . Looks like his current price is $325. May or may not be in your price range but he was able to answer every question I had quickly and succinctly. Peace of mind was worth it to me.
Douglas A. Turner, P.C.
602 Park Point Drive, Suite 240
Golden, Co 80439
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