Forming a Trust for NFA items

[sniper7]

I have read a lot about the LLC route, but I was curious if anyone here in CO has done the trust route to get NFA items.

I am in adams county and it doesn't look like I will have much luck getting the sherrifs sign off...even though I have known him my entire life.

My first item is a .22 suppressor. thats what I want. i know about the forms to be submitted to the ATF and I know the trust will keep me from having to get the sign off and fingerprints etc.

what I would like to know:

What are the different types of trusts. I know you can set up one pretty easy, but will this cause me problems later on it life. I heard it would set me up for problems later on. What is meant by this?

I read there are no renewals necessary unlike a LLC which requires one annually as well as tax reports (not too big a deal if it will only be for NFA items as there is no loss or profit)

what type of costs have you incurred while creating and maintaining the trust?

[rtr]

Setting up a trust yourself with quicken willmaker may create problems for you and/or your heirs.

The only cost of a trust is the cost of having an attorney create it.

[sniper7]

Does anyone have a good lawyer that can do this, and what am I looking at for a cost?

If not, can't people who have done this before on quicken willmaker walk me through the do's and dont's...

I am sure quicken has a pretty good user program telling you about it as well? Anyone know?

[alucard]

If any one needs helps setting up a trust, I can send you a copy of what mine looks like.

I just hooked sniper7 up with it...

My first suppressor I had the sheriff sign for, and only I can have that suppressor.

My next 2 suppressors I put on the trust, and now me or my father can have them.
Now I have to get around to transferring my first suppressor from me personally to my trust. But I'm going to have to pay another $200 for the stamp.

I will never put another NFA toy to me personally, I suggest the trust, or cooperate route.

[Open Bolts]

Joined to ask this but plan to stick around:

Can anyone recommend a lawyer for NFA trust in Colorado? I found a Colorado lawyer online (Douglas Turner) who apparently contracts the trust work to David Goldman of Jax, FL. That's fine, but the fee quoted to me was $600. I know we're talking lawyer's fees, but it seems excessive. Maybe that's the best price going but if anyone knows of a better rate I'd appreciate it.

[FromMyColdDeadHand]

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?

[Busta Prima]

I used Quicken Willmaker following the success of a friend who did the same. He had zero problems.

I'm now in the process of deciding what I want. I thought I knew (Gemtech G5 for my new AR15) but I keep getting swayed back and forth by the youtube torture tests.

Anyway, the trust formation was a piece of cake. Just print it and get it notarized. You don't even have to file it anywhere. If there are any problems, the ATF will notify you and allow you to fix it (or so I heard).

Now if I can get back on track with which one to get . . .

[DeusExMachina]

FWIW, MGT is getting G5s "very soon".

[SAnd]

I used Quicken Willmaker following the success of a friend who did the same. He had zero problems.

I'm now in the process of deciding what I want. I thought I knew (Gemtech G5 for my new AR15) but I keep getting swayed back and forth by the youtube torture tests.

Anyway, the trust formation was a piece of cake. Just print it and get it notarized. You don't even have to file it anywhere. If there are any problems, the ATF will notify you and allow you to fix it (or so I heard).

Now if I can get back on track with which one to get . . .

One point based on my experience with Quicken Willmaker...

Quicken will only save it in the Quicken format. If you want to print another copy or change something you have to use the Willmaker program. I made a copy using MS WordPad so I can change or print it anytime I want without using the Quicken program. I did a scan of the page with the signatures on it. I used WordPad because it's simple enough I can figure out how to use it.

I have several NFA items approved using my Quicken Willmaker Trust. The most recent was approved in October of last year.

[DeusExMachina]

Cave Law wanted $750 for a trust.

I bought Willmaker 2011 which did not include the ability to make a trust. Instead it came with Nolo online trustmaker. Seems to put out the same thing but is updated for two years to the latest laws.