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Started By
Message
Gun Trust
Posted on 4/15/14 at 1:35 pm
Posted on 4/15/14 at 1:35 pm
Anyone here ever create a gun trust? I was told about them and now I'm looking for more info
7
Posted on 4/15/14 at 1:45 pm to JOJO Hammer
nope, no one... ever
Posted on 4/15/14 at 1:47 pm to JOJO Hammer
There's an attorney with a website. I think his last name is Goldman. He has a lot of info.
Posted on 4/15/14 at 1:49 pm to SabiDojo
shawn goldman?
Posted on 4/15/14 at 1:55 pm to oleyeller
David Goldman, I believe.
Posted on 4/15/14 at 2:03 pm to JOJO Hammer
a lawyer in lafayette did mine
Posted on 4/15/14 at 2:11 pm to tiddlesmcdiddles
i dont understand the whole trust thing
Posted on 4/15/14 at 2:17 pm to oleyeller
Makes applying for NFA items much easier, while also allowing your son, family, etc. to "inherit" them once you've died (assuming they are trustees as well, as such they technically co-own them).
Posted on 4/15/14 at 2:27 pm to Soul Gleaux
quote:
while also allowing your son, family, etc. to "inherit" them once you've died
Who else would get them?
Posted on 4/15/14 at 2:41 pm to JOJO Hammer
Posted on 4/15/14 at 2:42 pm to 4LSU2
I'm not 100% sure of the exact laws or process, but when you apply for the stamp without a trust, you are the one and only lawful owner of the item. For anyone else to get possession of it, I would imagine they would have to go through the application process to obtain the item. As far as what happens to it in the meantime, I have no idea. With a trust, you can list whomever you like as trustees, and when you apply for the NFA stamp the trust is the owner, not a sole individual. So technically any member of the trust can legally possess the item.
Posted on 4/15/14 at 2:42 pm to JOJO Hammer
Call Mr. Terry in New Orleans. He is the lawyer on Bayou Shooter everyone goes to. Ill send you his contact information if you want.
Posted on 4/15/14 at 2:49 pm to Uncle Brady
quote:
Call Mr. Terry in New Orleans. He is the lawyer on Bayou Shooter everyone goes to
I used Mr. Terry as well. I recommend him to anyone that ask about getting a trust written up.
I had my trust drawn up over a year ago, and we got our suppressors in within the last month. I sent him an email to make sure I was filling in the information correctly and he replied quickly with my answers.
can't recommend him enough.
Posted on 4/15/14 at 2:55 pm to civiltiger07
What's the cost associated with setting up a gun trust?
Posted on 4/15/14 at 2:59 pm to ForeverLSU02
i understand if you want supressors and such... but if i die tomorrow my guns would still go to my family. I dont see the need in a trust for this
Posted on 4/15/14 at 3:00 pm to ForeverLSU02
not sure if terry went up on his prices in the last year, but it cost me under $400 for him to write the trust. I've heard the guy from Lafayette charges closer to $600.
Posted on 4/15/14 at 3:02 pm to civiltiger07
quote:and then a $200 tax?
not sure if terry went up on his prices in the last year, but it cost me under $400 for him to write the trust.
Posted on 4/15/14 at 3:13 pm to oleyeller
quote:
i understand if you want supressors and such... but if i die tomorrow my guns would still go to my family. I dont see the need in a trust for this
Assuming none of your guns are SBR's, full auto, or other NFA regulated items then yes you are correct.
Posted on 4/15/14 at 3:14 pm to oleyeller
quote:
oleyeller
a gun trust is mainly for NFA items (machine guns, short barreled rifles, suppressors, etc.)
Because it is illegal for any individual to possess an NFA item not in their name, a trust allows an entity to own the firearms with members of the trust who are allowed to be in legal possession of the firearms.
otherwise, you are correct, your firearms would go down to your family
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