NFA trust questions

[airborned]

I have been looking into starting a trust. I would like to use it for silencers and SBR's. does anyone have any tips or things i should do or not do when drafting it? i feel like im jumping blindly into this even though i have tried to research as much as i can. Also what should i pay for these services? i feel a couple hundred dollars isn't too much but i don't want to spend a fortune on a piece of paper i can get for next to nothing from other places. it seems like every lawyer or website charges different amounts for basically the same piece of paper. i have seen $100 dollar to $1000 dollar amounts for them. Lastly should i set up a separate bank account for the trust to buy the items from instead of using my personal bank account? Thanks for any advice.

[The Annoyed Man]

You can do your own, but my advice for whatever it's worth is, don't do it. A lawyer who represents himself has a fool for a client, as they say.

I used the firm of Toronjo & Prosser: http://t-plaw.com/nfa-trusts.html. I paid $300 for a multigenerational trust.

[winters]

You can do your own trust but that is a bit risky considering the punishment for being charged with illegal possession. I paid about 400 I belive. A local person that is an attorney and ffl that has done tons of trusts and has a good reputation.

I don't have a separate bank account and have paid with my own personal checks. Im not conviced the government cares who pays the tax stamp long as they get their money.

I don't suggest using the local gun shops free trust with purchase thing that some do.

NFA stuff isn't cheap. if you looking for cheap then don't get into it.

[airborned]

I know its not cheap. I dont mind spending money. im finally prepared to get into this game but i hate wasting money.

[cb1000rider]

It's not just getting in.. It's that often the market is limited for getting out.. :-)

[airborned]

It's not just getting in.. It's that often the market is limited for getting out.. :-)

I agree with that. its not like you can sell them to anyone.

[cb1000rider]

I agree with that. its not like you can sell them to anyone.

Correct me if I'm wrong, but you can - you just need to apply for the appropriate paperwork prior to anything changing hands. And as that costs $200? - you're out of pocket on something that you haven't paid for an isn't in your possession. IE - If I had an NFA, I might buy from someone I knew, but not open market.


How well "proofed" have these NFA trusts been with the states? I saw that some kid (probably not a good guy) just got arrested with a 100k bond for a single short-barrel rifle (I know, not NFA, but similar).
I have several co-workers into the NFA thing, but I'm nervous enough about traveling out of state with anything that might take a magazine with more than 10 shots.

[Weg]

I recently had a Gun Trust created and have since ordered several suppressors. For what it's worth, I used James Willi out of Austin. He was very easy to work with and made the process simple in my opinion. I paid $300.00. I had my father ( A Lawyer in California) look at it and he said it was very well done. As to your question about setting up a different bank account, what I was advised to do was complete a form called an, " Acknowledgment of contribution to trust" ( which was provided by Mr. Willi )and simply staple my receipt to that document. That documents that I contributed funds to the trust by paying on the behalf of the trust. WEG

[Weg]

I recently had a Gun Trust created and have since ordered several suppressors. For what it's worth, I used James Willi out of Austin. He was very easy to work with and made the process simple in my opinion. I paid $300.00. I had my father ( A Lawyer in California) look at it and he said it was very well done. As to your question about setting up a different bank account, what I was advised to do was complete a form called an, " Acknowledgment of contribution to trust" ( which was provided by Mr. Willi )and simply staple my receipt to that document. That documents that I contributed funds to the trust by paying on the behalf of the trust. WEG

[SSwt00SS]

You can do your own, but my advice for whatever it's worth is, don't do it. A lawyer who represents himself has a fool for a client, as they say.

I used the firm of Toronjo & Prosser: http://t-plaw.com/nfa-trusts.html. I paid $300 for a multigenerational trust.

Thank you for this information.

I have been doing research on this exact topic, and this individual/firm has appeared quite often and with high praises for assisting in setting up Trusts.