Welcome to the Colorado AR-15 Shooters Club Discussion Forums.
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?
I'll stop buying black rifles when my wife stops buying black shoes.
I used Quicken WillMaker and created a Revocable Living Trust with no problems. The program came with Quicken in a package deal. I've bought two silencers using it and it was a piece of cake. The help provided was more than enough to set it up with no problems.
The lawyer that gave me the $600 was very experienced with NFA trusts and the NFA process and did offer guidance on the process. That said, the forms are the easy part.Originally Posted by FromMyColdDeadHand
Regarding using software there are two modes of thought- it's cheap and simple OR it's there's too much at stake and one should pay a lawyer.
Foxtrot, I'm almost positive there's no limit on number or type of NFA weapons a trust can aquire.
Since I posted I'm leaning back toward corporation. It's just so damn cheap in CO from what I can tell - $277 initial fee and $.99/year annual filing.
(from here
http://www.ailcorp.com/state_incorpo...corpTypeId=100
Problem I saw with a corp was if I move to another state where corp's are not so cheap to keep and maintain. It could start costing a bit annually (I recall some states being pretty expensive to have a corp). Plus you have to create/register the corp with the new state when you move. With a trust all you would have to do is update the address, and let the ATF know of an address change. Just make sure it is a revocable trust so you can update it.
and as far as how many items a trust/corp can hold. It is a legal entity just as a human with a SSN is a legal entity. A Trust/corp can have as many items that a single human with a SSN can have.
Thanks for reply.
I wondered about that - impact moving to a new state. Are you certain you have to create the corp in the new state?
If so I'd definitely go trust. I still think they're better, but at $600 they're tough to swallow....
quicken willmaker is only $37.99... Thats how much my trust cost.
I think I paid more for mine, regardless it worked for me.
received my stamp late march.
I'm getting my first suppressor and want to go the trust route.
Are there any special provisions that need to be done in Quicken Willmaker to make the trust?
I'd also like to explore the lawyer created trust route - I understand it will cost more than the $40 for the software, but if it's not too expensive, it could be good for peace of mind. Know any attorneys who have done this previously?
Thanks.
ARZ
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
Intresting. Any thoughts?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.
Posting Permissions
Reply With Quote