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  1. #1
    Plinker Maverick30's Avatar

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    Recommendations on setting up a Trust

    Hey guys, I'm looking for recommendations on how to go about setting up a trust. I'm teetering on the thought of finally buying a couple suppressors with tax return money and figured that a trust would be the best way to go about doing it. I know SilencerShop offers easy to setup trusts and so do other websites like nationalguntrusts.com but wasn't sure if paying the extra money and going through a lawyer is a better option. Any insight you guys can provide would be greatly appreciated!

  2. #2
    ACC
    ACC is offline
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    I chose to go the lawyer route and I am glad that I did. He made it easy to make changes to my trust and was helpful when the new ATF rules went into effect. Here is who I used.

    Grant Liston
    Carson Boxberger LLP

  3. #3
    Grandmaster MCgrease08's Avatar

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    I almost started this same thread last night as I'm toying with the idea of putting together my first SBR.

    My question is more about registering NFA items as an individual or going the trust route. I already know if I do a trust it would be through an attorney and not a cookie cutter web form. There are too many estate planning issues involved to leave it up to a template.

    Here's a video I found that was helpful in making that part of the decision.

    Spent a little time on the mountain. Spent a little time on the hill.

  4. #4
    Sharpshooter

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    I highly recommend Grant Liston out of Fort Wayne. Super nice guy. He will do it all over the phone for you and is a huge NFA buff himself. I am sure there are cheaper ways to go but I am very happy with him and after Copper Customs saw my trust, they started recommending him as well.

  5. #5
    Sharpshooter

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    Quote Originally Posted by ACC View Post
    I chose to go the lawyer route and I am glad that I did. He made it easy to make changes to my trust and was helpful when the new ATF rules went into effect. Here is who I used.

    Grant Liston
    Carson Boxberger LLP
    My bad.. I didn't see that someone already recommended him.

  6. #6
    Grandmaster jagee's Avatar

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    I was talked out of a trust for my first (an only so far) suppressor. No real benefit versus filing as an individual.
    Quote Originally Posted by KJQ6945 View Post
    Jagee makes Beetlejuice look like a *****!

  7. #7
    Expert goodcat's Avatar

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    Quote Originally Posted by jagee View Post
    I was talked out of a trust for my first (an only so far) suppressor. No real benefit versus filing as an individual.
    Estate planning. Your family or trustees can take it with them. You arenít breaking laws if itís sitting by your night stand while your wife is home alone, etc. Huge benefits.
    I thought Mosin Nagants came from the earth and there was a limitless supply of this raw fuel?

  8. #8
    Sharpshooter

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    adding of trustees and beneficiaries if you have family is nice.

  9. #9
    Grandmaster MCgrease08's Avatar

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    The more I research the issue of individual vs trust, the more it's looking like there aren't many benefits in my particular case for going the trust route.

    I'm currently single. I have no family living in-state. My kids are too young to be in possession of firearms (ages 7 & 3). I don't have any good "shooting buddies" that I would want to add to the trust.

    Right now the benefits I see for going with a trust would be the ability to add my kids as trustees down the road (11 years from now at the earliest), or add a spouse in the future. (Working on finalizing a divorce and don't plan on getting remarried anytime soon). It would also be nice to add NFA firearms to a trust down the road w/o repaying the $200 should my life change significantly enough to warrant creating a trust.

    I'm going to give Guy Relford a call and talk through some of these issues, but has anyone else started their NFA journey as an individual and regretted not going the trust route right off the bat?

    It seems like the 41F ruling really negates many of the main advantages that a trust used to offer. At this point the main benefit of trusts is allowing others to be in possession, but in my case, that's not much of an issue.
    Spent a little time on the mountain. Spent a little time on the hill.

  10. #10
    Expert goodcat's Avatar

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    Quote Originally Posted by MCgrease08 View Post
    The more I research the issue of individual vs trust, the more it's looking like there aren't many benefits in my particular case for going the trust route.

    I'm currently single. I have no family living in-state. My kids are too young to be in possession of firearms (ages 7 & 3). I don't have any good "shooting buddies" that I would want to add to the trust.

    Right now the benefits I see for going with a trust would be the ability to add my kids as trustees down the road (11 years from now at the earliest), or add a spouse in the future. (Working on finalizing a divorce and don't plan on getting remarried anytime soon). It would also be nice to add NFA firearms to a trust down the road w/o repaying the $200 should my life change significantly enough to warrant creating a trust.

    I'm going to give Guy Relford a call and talk through some of these issues, but has anyone else started their NFA journey as an individual and regretted not going the trust route right off the bat?

    It seems like the 41F ruling really negates many of the main advantages that a trust used to offer. At this point the main benefit of trusts is allowing others to be in possession, but in my case, that's not much of an issue.
    Yes. I was 23, recently married and no kids when I got my first can. I went individual. I then got another and an SBR. Iím now 33 with a 5 YO and 4 YO twins with 2 more suppressors on the way and went with a trust this time while estate planning. Life moves fast. Iíll now be forking over $600 to transfer those first three items into our trust.
    I thought Mosin Nagants came from the earth and there was a limitless supply of this raw fuel?

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