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Old January 26, 2016, 06:06 PM   #1
nomad636
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Remove Co-Trustee from NFA Gun Trust

Hello,

I have a quick question regarding an NFA trust I had setup a few years ago. Originally a few of us (good friends) went in on an NFA trust. I was listed as the main guy on the trust. Since then, we never purchased an NFA Item and some of us have drifted apart. I would like to remove two of the members of the trust (there will still be 2 of us on the trust).

What do I need to do to amend the trust? Is there a simple form that I fill out? I'm not familiar with the process. Any advice you can give would be most helpful.

The main reason I'm removing the two individuals is that I'm ready to purchase a Suppressor, and as the two individuals and I haven't kept up for several years I really don't feel comfortable with them having access to my Suppressor.

Thank you for the input!
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Old January 27, 2016, 09:57 AM   #2
Bartholomew Roberts
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You should contact the attorney who drafted the trust and ask him. Most trusts specify what steps are necessary to remove a trustee and who can do it; so it would be impossible to tell you how to do it without looking at the trust.
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Old January 27, 2016, 07:52 PM   #3
johnwilliamson062
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Yeah, the trust should specify how, but...

Depending what you are going to buy I recommend a new trust just to make sure no one ever makes an issue of it.
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Old January 27, 2016, 11:37 PM   #4
Deja vu
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in some cases the only option is to make a new trust.
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Old February 6, 2016, 12:11 AM   #5
Willie Lowman
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I had a similar situation with my ex and my NFA trust. I contacted the attorney who wrote the trust. He provided me with a form to amend (remove or add) trustees.
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Old February 8, 2016, 10:27 AM   #6
nomad636
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Everyone, thank you for the input. I have contacted the attorney that drafted the trust and he told me he was going to charge me $125 for the letter to amend the trust to add/remove cotrustees.

This amendment can't be that complicated. Does anyone know of a place that has an amendment template that I can use? I haven't been able to find one online.
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Old February 8, 2016, 11:36 AM   #7
kilimanjaro
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You've been dealing with this for two weeks, are you sure $125 to have your attorney handle the matter properly is excessive?
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Old February 8, 2016, 05:57 PM   #8
Bayoubulldog
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$125 for a lawyer to review your trust and give you the proper forms is actually not all that bad. The amendment procedure probably isn't complicated as you say, but don't forget that everything you do (or fail to do) will have legal ramifications. Just my .02, but I'd have someone knowledgeable review it, even if you do it yourself!

Good luck!
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Old February 8, 2016, 08:41 PM   #9
schutzen
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Legal Fees

When I had my trust drawn up I paid fees to two lawyers. One a nationally recognized gun trust lawyer and the second was my local attorney. Could I had done this much cheaper? Definitely, but it could also cost me much more. If there is an error in my trust and I do not think there is, I have a sound legal defense against prosecution. I paid two legal professionals to correctly and legally construct my trust, if they made errors I have taken reasonable and prudent precautions to insure it was correct and I should be held faultless.

My suggestion to you is do the same to remove trustees from your trust.
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Old February 8, 2016, 08:44 PM   #10
jpx2rk
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A quick google search:

http://blog.princelaw.com/2011/01/12...ked-questions/

I was a trust officer in the financial world for ~10 yrs before I retired, pay the $125 to avoid issues in the future.
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Old February 9, 2016, 03:15 PM   #11
Bartholomew Roberts
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Well nomad, I'm an attorney who has drafted multiple gun trusts in Texas and I'm less than 30 minutes away from you and all I have to do is read your existing trust that is already drafted, advise you how that affects your interests and spend maybe 20-30 minutes drafting an amendment and I wouldn't even touch that for $125.

If you were already my client and I knew the background, then sure... that might be more than reasonable. The thing is, as a lawyer, I'm held to a higher standard than Quickbooks or LegalZoom and that is a big part of my costs. You can do that yourself much cheaper because you assume all the risk of making a bad decision.

The best analogy I have is if I rewire my house and 10 years from now it burns down because of the way I rewired it, that is on me. If I pay some guy to do it and 10 years from now it burns down from wiring, that's on him. Connecting copper wires isn't rocket science by any means, but people manage to screw it up pretty regular.
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