Forming a Trust for NFA items

[Hoopty]

Any clue what he charges for that?

[M2MG]

All you guys that have gone the cheap route and used a trust from an off the shelf program (Quicken, Legal Zoom, etc...) had better check this link out and hope ATF doesn't invalidate your trust. If they do, you'll be in possession of an unregistered NFA item and may face prosecution. NFA trust must be written in a very specific way or they're not valid. Just because ATF issues you a stamp, and then invalidates your trust doesn't protect you from prosecution. It's kind of like a stamp was issued to someone, and now that person simply never existed, except you have the NFA item in your possession.

Think I'm full of $hit, it's alright, don't click on the link and enjoy your tour of FCI (Federal Correctional Institute).

http://www.guntrustlawyer.com/2010/0...for-legal.html

M2MG

[DocMedic]

If your trust was rejected by ATF we can help by reviewing and or amending the trust with our network of 75 attorneys in more than 40 states.

Intresting. Any thoughts?

[hollohas]

What is the issue with Quicken Trust? $600 bucks is expensive, or it is a cheap way to stay out of the pokey. For the $600, does he help or give guidance on how to fill out the forms for the transfer?

Here's a Law Office's page on the problems with Quicken for NFA Trusts. While this firm is in PA I think many of the problems certainly apply to other states.

http://blog.princelaw.com/2009/3/3/c...-gun-nfa-trust

[agent-smith]

I'll be setting up a trust for NFA items here in a couple of months, and I'm not sure if I'll go the Quicken route or pay the $$$ for an attorney.

While I appreciate the links regarding the "problems with using Quicken", my first thought is that those posts were written by attorneys that make their living charging ~$600 to set-up NFA trusts.

In addition, I find it interesting that the lawyer mentions something to the effect of "laws constantly change". Well, by that rationale what is the point of paying $600 to hire an attorney if a simple law change can make the entire trust invalid? Does the $600 include constant "updates" to the trust, and notification when updates are necessary?

To me, it sounds a lot like asking a tire salesman if you need new tires...

[DeusExMachina]

I spoke to someone regarding this in Denver county and they said "forget about it". Any input on here? Would it just be a waste of time?

[Irving]

Regarding what? Setting up a trust? Denver can go fuck themselves. There isn't a damn thing that they can do about your trust. You don't go through Denver at all when you have a trust, it should all be Federal.

[DeusExMachina]

Regarding what? Setting up a trust? Denver can go fuck themselves. There isn't a damn thing that they can do about your trust. You don't go through Denver at all when you have a trust, it should all be Federal.

When I mentioned interest in building an SBR or buying a suppressor, they said "Denver county? Good luck. The police will never sign and the BATFE are denying trusts."

It was kind of vague, but I'm wondering if anyone has gone the trust route in Denver and been successful.

[Irving]

The police won't sign, that for sure, but I don't think that BATFE can deny trusts in a state that it is legal. I mean sure, the BATFE can do whatever it wants, but still.

[rtr]

It was kind of vague, but I'm wondering if anyone has gone the trust route in Denver and been successful.

I do not know anyone who has purchased NFA items as a resident of Denver using a trust. However, there is no reason it shouldn't work. Denver city/county gov't doesn't know the trust exists, state law allows NFA items. So an NFA purchase on a trust in Denver should be approved.