The Firing Line Forums

Go Back   The Firing Line Forums > The Hide > NFA Guns and Gear

Reply
 
Thread Tools
Old December 28, 2007, 10:32 PM   #51
hknut
Senior Member
 
Join Date: March 2, 2005
Location: Olympia, Wa.
Posts: 534
What is the total cost of this method? Any Lawyer fees?
__________________
"Gun control is like trying to reduce Drunk Driving by making it tougher for sober people to own cars"

Walk softly and carry a big SIG.
hknut is offline  
Old December 29, 2007, 01:38 PM   #52
VUPDblue
Senior Member
 
Join Date: December 18, 2005
Location: Central Indiana
Posts: 1,978
Quote:
What is the total cost of this method? Any Lawyer fees?
I paid somewhere around $25 for my copy of Quicken Willmaker. My bank notarizes the Trust documents for free...
__________________
Silencers have NEVER been illegal !
VUPDblue is offline  
Old December 30, 2007, 08:51 PM   #53
Savage_The_Barbarian
Member
 
Join Date: October 21, 2007
Posts: 33
Well said Florida Gun Lawyer.

That is one of the reason that I went with the LLC instead of the trust. The LLC provides protection of your personal assets, whereas a trust will not. If you use your personal checking account to purchase something for the trust or in the name of the trust, you just linked you personal assets with the trust.

Using an LLC (which is a legal entity unto itself) protects your personal assets. There is a yearly filing fee ($50.00 in Florida after the $99.00 LLC fee) and there will be a transfer fee if the LLC decides to transfer the Class III item to an individual or other legal entity (which happens anyways), but the cost involved are far less than your personal assets being taken from you in case you get sued. While the LLC's assets will be fair game, if all the LLC owns is a couple of Class III items, so what, at least you won't loose your house.
Savage_The_Barbarian is offline  
Old May 28, 2011, 11:25 AM   #54
Mako_308
Junior Member
 
Join Date: May 28, 2011
Posts: 2
Quote:
waterhouse:

In Quicken, when it asks for property to be held in trust, what are you guys putting? Are you putting descriptions including serial numbers, or just something like "NFA related items"? How do you later add items to the trust
i know this is an old topic but i don't see any sense in making a new one when i can just use this one.

but nobody really answered that question., and now im stuck at that point.

also would i use the basic living trust>pick state>shared or basic living trust>pick state>individual? if i go the first route would there be two grantors? i am married just trying to figure out what is best way

thanks

Last edited by Mako_308; May 28, 2011 at 11:31 AM.
Mako_308 is offline  
Old May 29, 2011, 12:10 AM   #55
p99guy
Senior Member
 
Join Date: November 4, 2004
Location: Haslet,Texas(DFW area)
Posts: 1,506
Yes, full description and serial number goes on the scedule A property list.
p99guy is offline  
Old May 29, 2011, 05:43 PM   #56
A/C Guy
Senior Member
 
Join Date: January 23, 2007
Location: Apache Junction, Az
Posts: 309
Be sure to include the new NFA item(s) to the trust before mailing in the forms and the copy of the trust.

You can always add items to the trust just by adding them to the list; cars and real estate property require additional steps.

You can also remove items from the trust; other than NFA items. Never remove them until they are sold and the new owner has his/her stamp in hand.

You can also grant others access to the items by making them trustees of your trust; even if only for a temporary basis.
A/C Guy is offline  
Old May 29, 2011, 06:42 PM   #57
Mako_308
Junior Member
 
Join Date: May 28, 2011
Posts: 2
so i am assuming that i would have to purchase it from the dealer first so i can get all the information from the product to add to the list then i send it in right?
Mako_308 is offline  
Old July 26, 2011, 09:34 PM   #58
hknut
Senior Member
 
Join Date: March 2, 2005
Location: Olympia, Wa.
Posts: 534
No. I set up my trust with a blank copy provided from a gun store (for free). I have my suppressor on my trust. The problem with the CLEO sign off is, if you want to move your can over to your trust at a later date, you will have to pay another $200 to do so.
__________________
"Gun control is like trying to reduce Drunk Driving by making it tougher for sober people to own cars"

Walk softly and carry a big SIG.
hknut is offline  
Old November 25, 2011, 01:43 AM   #59
jammywilliams
Junior Member
 
Join Date: November 25, 2011
Posts: 1
I think that you are putting your family into risk and trouble by using the Quicken Will maker software for making the revocable living trusts. You should better consult your lawyer for that
______________________________________________________________
For more information visit Florida Probate Law |
Probate Laws
jammywilliams is offline  
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 11:51 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
This site and contents, including all posts, Copyright © 1998-2014 S.W.A.T. Magazine
Copyright Complaints: Please direct DMCA Takedown Notices to the registered agent: thefiringline.com
Contact Us
Page generated in 0.09494 seconds with 9 queries