Jump to content

What other perks are there to forming a trust?

Recommended Posts

People talk about forming trusts all the time, when it comes to NFA items. I can see the benefit, in that it bypasses the CLEO sign-off requirement.


But for retarded folk like me, what other plusses are there to a trust? I'm talking about plusses relating to NFA items, and relating to non-gun areas. What else can you do with a trust?


(I realize we have an NFA section, but this isn't an NFA-specific question)

Link to post
Share on other sites

Yer shit is straightened out by LAW.


If you can't figure it out then see a lawyer.


BY ALL MEANS if you have anything worth losing to the state or unwanted relatives get a trust...

Don't want to be long term on life support? get a trust.


Tubes shoved up yer ass, and cock, and down yer nose and throat?


@ least get a advanced directive then a living trust.


I will admit I got my trust for the MG's and silencers but it's the one thing I can say where the Gov. helped, since Barney Fife wouldn't sign for a NFA I got all my affairs straight. Right down to who gets what, when, and where.


As far as the tube thing shoved here and there goes......


take it from me I'm a nursing office float. if you even think about dieing without a living trust DNR or advanced directive. YOU WILL more than likely spend the next X amount of years with us "keeping you alive"


feeding you though a tube, wiping your ass, putting you on a vent, and flip'n you like a pancake, so you don't get bed sores.

Your X and everyone else will claim a piece of the pie and leave your kids or the one you want to have it broke after legal costs.......



If you have something worth losing and you know where you want it to go. Or you don't want to spend X amount of time on life support with NO QUALITY of life....



  • Like 1
Link to post
Share on other sites

Good info, guys. Thanks.


No doubt I'll talk to a lawyer if the time comes that I do form a trust. Just looking for other perks of having one, besides gun-related. The whole CLEO sign-off thing isn't an issue for me (I work for the guy, lol).


Keep 'em coming if you got anymore perks.

Link to post
Share on other sites

The big one is multiple people being able to legally access the NFA items without you being there to oversee their use.


A secondary one is that the Trust will spell out how the NFA items are supposed to be 'disposed of' (ie, who gets what) in the event of your death.


I've heard about the "other people can use your NFA toys without you present" thing. But with the trust spelling out who gets the NFA items after my death........would that mean that the people named in my trust can take possession of said NFA items without the initial process of obtaining them? Such as paying the tax and all that. Because with a trust, a person doesn't technically own the items, correct? They "belong" to the trust, right?

Link to post
Share on other sites

That's my understanding, that firearms belong to the trust, but I am not a lawyer. I only know enough legalese to know when to go find a lawyer, and ask them the right questions.


If the trust is set up to dissolve after your death, then someone would need to pay the transfer fees when they took custody of the NFA items.


But if the trust doesn't dissolve at your death, then no-one would have to pay transfers because the NFA items are still property of the trust. It depends on the nature of the trust.

Link to post
Share on other sites

The big one is multiple people being able to legally access the NFA items without you being there to oversee their use.


This was one of the reasons for me getting the ball rolling on my trust yesterday. My girlfriend is a beneficiary, with my stepfather as the successor trustee. When I leave, she can legally have the items in her house (where I live). She can't sell them, and if I die, my stepfather gets them.

Link to post
Share on other sites

One great thing about a trust is you can put all your property in a family name. So no deadbeat can marry into the family and quickly divorce thinking they can get half of property. The get nothing. it keeps your children from losing things you work hard for.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Chatbox

    Load More
    You don't have permission to chat.
  • Create New...