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by The Annoyed Man
Fri Oct 31, 2014 8:25 am
Forum: General Gun, Shooting & Equipment Discussion
Topic: Thinking of creating NFA Trust
Replies: 20
Views: 5833

Re: Thinking of creating NFA Trust

rockinar wrote:
tXfactor wrote:Quicken Willmaker is $8 if you buy an old version online. Or download it for "free."
Terrible idea. Get an attorney and do it right, and do it right the 1st time. NFA stuff is not cheap. Why go cheap on the legal process of it? I have heard of some DIY trusts getting rejected to boot and the folks had to suck it up and go to an attorney in the end anyway. Its only like $300.
$300 less an NRA discount, if you use the firm I used, but you're spot on. The old adage, "the attorney who represents himself has a fool for a client", wasn't made up out of whole cloth........but at least that fool is an attorney. If you're NOT an attorney, handling your own legal matters is just asking for trouble. I'm like the last person to idolize attorneys, but I DO know what I don't know. I wouldn't perform my own appendectomy using a surgery textbook as my guide either.

The cost of the trust is a tiny fraction of the value of the items you'll put into it. Don't penny-wise and pound-foolish......to borrow from that famous cheapskate, Ben Franklin.
by The Annoyed Man
Thu Oct 30, 2014 4:10 pm
Forum: General Gun, Shooting & Equipment Discussion
Topic: Thinking of creating NFA Trust
Replies: 20
Views: 5833

Re: Thinking of creating NFA Trust

Rather than take the chance of not doing it right, I used the firm of Toronjo & Prosser, who do a ton of gun trusts: http://www.t-plaw.com/nfa-trusts.html

They start with a basic form, and you kick it around with them until you've got what you want. I made one or two minor changes to their basic document. I just got my final product from them today, and will be notarizing it in the next few days. I included my wife, son, and daughter in law as Trustees, and as Beneficiaries, with me as the Settlor-Trustee.

The process was pain free. The cost is $250 for a single generation trust and $300 for a multigenerational trust, less a 10% discount to NRA members....which we all are. So for $270, I have a professionally handledr multigenerational NFA trust written by knowledgeable and experienced people.

Now to shop for a suppressor.....

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