Gun Trusts | TigerDroppings.com
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toadmanalcatraz
LSU Fan
p'ville
Member since Oct 2009
435 posts

Gun Trusts

I'm about to have one written up. Just wondering who on here has a trust and their experience getting the trust established and experiences acquiring NFA items through the trust.


Bama and Beer
Alabama Fan
Daphne, AL
Member since Oct 2010
66683 posts

re: Gun Trusts
Are you old?


wickowick
LSU Fan
Head of Island
Member since Dec 2006
26544 posts

re: Gun Trusts
ATF is in the process of possibly changing how trust work...


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civiltiger07
LSU Fan
Baton Rouge
Member since Dec 2011
1468 posts

re: Gun Trusts
I have a trust I had set up to purchase some suppressors. I used a lawyer out of NOLA that I would highly recommend.


fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
20885 posts

re: Gun Trusts
Why would you need a trust? If looking at a young person to give a gun to, just do it now. What would happen if said kid turn out and ended up in jail?

I already told my kids on which guns goes to who. I even turn over all my land to my kids besides my house. I'm just trying to protect there interest over time. I'm not that old, but I have health problems.


wickowick
LSU Fan
Head of Island
Member since Dec 2006
26544 posts

re: Gun Trusts
quote:

Why would you need a trust?


This is for NFA guns. Machine guns, silencers, short barreled rifles...


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H.M. Murdock
New Orleans Pelicans Fan
B.A.'s Van
Member since Feb 2013
1650 posts

re: Gun Trusts
Folks get trusts for NFA weapons and suppressors. The ATF is currently trying to whack that all up. In LA one needs an attorney to set it up, usually about $300.


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civiltiger07
LSU Fan
Baton Rouge
Member since Dec 2011
1468 posts

re: Gun Trusts
quote:

Why would you need a trust?


If you setup a trust and but NFA items through the trust anyone that is a trustee can legally possess the items in the trust.
This post was edited on 12/10 at 9:50 am


Mung
LSU Fan
El-lick
Member since Aug 2007
6170 posts

re: Gun Trusts
quote:

I already told my kids on which guns goes to who. I even turn over all my land to my kids besides my house. I'm just trying to protect there interest over time. I'm not that old, but I have health problems.


Better make a will and spell that shite out. After you croak it can be complete bedlam if they don't get along, or agree with "what you told them".


LSUmakemewanna
LSU Fan
Houston, TX
Member since Aug 2010
1260 posts

re: Gun Trusts
quote:

Why would you need a trust?


Also, having a trust allows you to use the ATF's efile system. Which, according to some folks, is currently running @ 4-5 month processing periods. Which is a hell of a lot faster than going the individual paper route.


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fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
20885 posts

re: Gun Trusts
quote:

If you setup a trust and but NFA items through the trust anyone that is a trustee can legally possess the items in the trust.



Got y'all. Don't own any full auto guns.


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toadmanalcatraz
LSU Fan
p'ville
Member since Oct 2009
435 posts

re: Gun Trusts
if 32 is considered old, then yes, i'm old


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toadmanalcatraz
LSU Fan
p'ville
Member since Oct 2009
435 posts

re: Gun Trusts
quote:

I have a trust I had set up to purchase some suppressors. I used a lawyer out of NOLA that I would highly recommend.


This is what I'm trying to get set up for and possibly an SBR build later. With all the proposed ATF changes to NFA item Trust purchases, I figured now id the time to get it set up and get my paperwork in. Did you use Mouthpiece?


civiltiger07
LSU Fan
Baton Rouge
Member since Dec 2011
1468 posts

re: Gun Trusts
quote:

Did you use Mouthpiece?


Sure did! Would highly recommend using him.


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Yewkindewit
LSU Fan
Near Birmingham, Alabama
Member since Apr 2012
6757 posts

re: Gun Trusts
I did the spreadsheet attachment to the will on the firearms. Kids' names assigned to each one. They can swap amongst themselves after the fact if they wish.


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