Are there different kinds of trusts?

[chef1231]

So I made the mistake of going to the gun range today and while there I stared talking about cans with one of the guys working there. They have one there that I am going to get but waiting to hear back from my local chief. I started thinking that if I buy one I know I will buy more plus I have been eyeing a little SBR too. My question is this..

I contacted guntrustlawyer.com which the gun shop referred me too. They sent me a basic list of options and fees. Starting at $199 all the way to $2,500
it lists a bunch of choices and says there are somethings the base will not cover, for example it says the base trust only allows 4 authorized users. See pictures for more detail.

I will more less be the only shooter. While I do not currently go shooting with my family I would like to be able for them to shoot the weapon while I am there, same for friends. Not sure how that works but I guess I could ask the lawyer. I have tried to google some of this but have come up empty.

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[medcoxo]

WOW, I never knew there were different levels, only knew of the 199.00 version. I have never read any posts about different levels/types. I would be interested to know this answer myself.

 

[SteveM4A1]

I would speak to a lawyer and have them answer your question. However, from my limited knowledge, it seems the professional package isn't a revocable living trust anymore, as a RLT does not provide asset protection from creditors. It seems to be a different type of trust, maybe a irrevocable living trust. But like I said, to know for sure, speak to a lawyer who has no dog in this fight.

 

[T.Lex]

Generally speaking, trusts can have different provisions, depending on what you want to achieve and what your risk tolerance is. It looks like that guy has parsed out all the options and assigned value to them. Free market at work.

Skimming the options, there is somewhat more work involved in preparing something with all the bells and whistles. It is up to the buyer to decide what options are necessary.

Hopefully, the guy that runs that site is licensed in Indiana or works with someone in this state to cover all the bases. Each state may have slightly different rules about how trusts are properly formed.

As stated up-thread, it is a good idea to talk to someone in your area about what your needs are and what the options are.

 

[chef1231]

I spoke with Grant Liston today and he is handling the trust for me. He was very knowledgeable and great to talk with. He already has it in the mail! I will give an update when I get it all taken care of.

 

[Mike Grasso]

I had mine done locally here in Indianapolis.
It pretty much is boilerplate, but I will say that physically talking to someone and even face to face is worth it.

 

[1911ly]

If you are present they don't have to be on your trust to handle your NFA item. Don't let that be the reason you get one. There are plenty of other great reasons!

 

[chef1231]

If you are present they don't have to be on your trust to handle your NFA item. Don't let that be the reason you get one. There are plenty of other great reasons![/QUOT

No it was more just to make it easier for me. I did not add anyone outside of my household.

 

[1911ly]

No it was more just to make it easier for me. I did not add anyone outside of my household.

Gotcha! just put those you trust on it. I have 2 friends and my son on mine.

 

[Force10]

Gotcha! just put those you trust on it. I have 2 friends and my son on mine.

You should only put those you trust on your trust. I trust I got that right...

 

[chef1231]

Received my trust in the mail yesterday. I am very happy with the turn around time, I think I spoke with grant Thursday about it. I recommend him highly.

 

[hoosierdoc]

I spoke with Grant Liston today and he is handling the trust for me. He was very knowledgeable and great to talk with. He already has it in the mail! I will give an update when I get it all taken care of.

+1 Grant. Don't go cheap on an NFA trust. He has answered emails from me months after he did the trust. He's a good guy, charges a fair price, and does incredibly fast work.

 

[Nate Suns]

I'm considering a Christmas can purchase. Who is Grant and how can I get in touch with him?

 

[Tactically Fat]

I'm considering a Christmas can purchase. Who is Grant and how can I get in touch with him?

Try here: This Link

 

[Rookie]

I'm considering a Christmas can purchase. Who is Grant and how can I get in touch with him?

Liston@carsenboxberger.com

I have seven people on my trust.

 

[ryknoll3]

All those different "levels" are part of the same trust. He's just making the language more comprehensive if you pay him more money. They're still all revocable living trusts, there's just more language and detail in the trusts that you're buying for more money that can more specifically tailor it to your needs/wants.

Think of it as buying a car. The base model is perfectly legal, runs just as good and gets you where you need to go, but the higher trim levels have more options and bells-and-whistles. It all comes down to what you need and want.

Go with Grant Liston though. He's a good guy and comes highly recommended around here.

Also, I don't like some of guntrustlawyer's scare-tactic advertising, like telling you that your wife will go to jail if she knows the combo to your safe and you have your SBR in there if it's not on a trust.