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Setting up a Trust
#5765769
05/30/15 03:20 AM
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Joined: May 2010
Posts: 1,732
HorizonFirearms
OP
Pro Tracker
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OP
Pro Tracker
Joined: May 2010
Posts: 1,732 |
OK so I am not an NFA expert, but finally fell off the deep end and purchased a suppressor, thanks to the temptation buy all my customers, specifically Dstroud.
Tell me what the best and easiest and cheapest way to correctly set up a trust that will work. I am being told guntrust.com??
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5765778
05/30/15 03:26 AM
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Joined: Aug 2012
Posts: 15,540
TexFlip
THF Celebrity
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THF Celebrity
Joined: Aug 2012
Posts: 15,540 |
You can use your LLC if you don't want to set up a trust. Just FYI.
Just to make sure that it is done thoroughly, I go both ways.
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5765792
05/30/15 03:38 AM
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Joined: Mar 2008
Posts: 838
stxhunter
Tracker
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Tracker
Joined: Mar 2008
Posts: 838 |
I used: James N. Willi Willi Law Firm, P.C. 9600 Escarpment Blvd. Ste. 745, PMB 34 Austin, TX 78749-1983 Main (512) 288-3200 Cell (512) 751-3229 Fax (512) 288-3202 jwilli@willi.com very pleased with his service and knowledge of firearms in general. I would highly recommend him to anyone. You can see his website here: http://www.myguntrust.com
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Re: Setting up a Trust
[Re: TexFlip]
#5765802
05/30/15 03:46 AM
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Joined: May 2010
Posts: 1,732
HorizonFirearms
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Pro Tracker
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Posts: 1,732 |
You can use your LLC if you don't want to set up a trust. Just FYI. I want to keep it away from the business if at all possible want to keep it strictly personal property.
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5765862
05/30/15 04:48 AM
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Joined: Sep 2009
Posts: 663
Beckett
Tracker
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Tracker
Joined: Sep 2009
Posts: 663 |
Call The Silencer Shop in Austin. I think they do it for less than $100.00 and they are one of the highest volume suppressor dealers in the US.
NRA LIFE MEMBER
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Re: Setting up a Trust
[Re: stxhunter]
#5765880
05/30/15 05:30 AM
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Joined: Feb 2013
Posts: 4,683
krmitchell
Extreme Tracker
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Extreme Tracker
Joined: Feb 2013
Posts: 4,683 |
I used: James N. Willi Willi Law Firm, P.C. 9600 Escarpment Blvd. Ste. 745, PMB 34 Austin, TX 78749-1983 Main (512) 288-3200 Cell (512) 751-3229 Fax (512) 288-3202 jwilli@willi.com very pleased with his service and knowledge of firearms in general. I would highly recommend him to anyone. You can see his website here: http://www.myguntrust.com +1 I used him as well and have zero complaints. There are numerous horror stories regarding DIY trusts and it is not much more money to have an attorney do it properly. I really don't get why people spending upwards of 1000$ on a can doesn't want to shell out an extra 100-200$ to have a trust done properly.
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5765909
05/30/15 08:40 AM
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Joined: Mar 2011
Posts: 2,062
Toxarch
Veteran Tracker
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Joined: Mar 2011
Posts: 2,062 |
199trust.com is pretty cheap. Every so often they run a deal on Gear Hog for $59 for a trust. Regular price is $79. I used a trust lawyer in Fort Worth for mine so I can't say how good or easy this one is. If you want cheaper, there is a free trust template floating around the gun forums. It's up to you to decide what you want to spend and who you want to ask questions to. Some people do their own and then ask questions on the forums and get 20 different answers. I call/e-mail my trust lawyer and get a correct answer any time I need it.
It is far more important to be able to hit the target than it is to haggle over who makes a weapon or who pulls a trigger.
� Dwight D. Eisenhower
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5766099
05/30/15 02:08 PM
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Joined: Dec 2008
Posts: 22,630
Cast
THF Celebrity
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THF Celebrity
Joined: Dec 2008
Posts: 22,630 |
I've done a few trusts using will maker. No issues at all, no questions either. It's just a document. I do my own land title deeds too. Once they're filed, it's as good as a high dollar lawyer screw job
Cast I have a short attention spa
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5766119
05/30/15 02:19 PM
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Joined: Dec 2008
Posts: 4,487
syncerus
Extreme Tracker
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Extreme Tracker
Joined: Dec 2008
Posts: 4,487 |
I used 199Trust and have no complaints. At the time, trust were a little higher, so I think that I paid $149 or similar.
Also, I also keep an image of each stamp on my phone; not that I've ever needed to show them.
NRA Patriot Benefactor & DSC Lifer
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5766129
05/30/15 02:25 PM
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Joined: Jun 2011
Posts: 315
Bradgrace
Bird Dog
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Bird Dog
Joined: Jun 2011
Posts: 315 |
The place I bought my supressor offered to give me a trust which was 4 pages. My dad is an attorney and I talked to him about it and he wrote me one that is just over 40 pages which seems like a lot but it protects you. I have several things in my trust that are neat deals that give me some cool options as well. Steer clear of individuals that will give you a trust for free, my understanding is this falls under practicing law without a licensee which is illegal. Spend the time and money with a good lawyer it will pay off in the end.
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5766166
05/30/15 02:57 PM
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Joined: Sep 2006
Posts: 5,427
caddokiller
THF Trophy Hunter
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THF Trophy Hunter
Joined: Sep 2006
Posts: 5,427 |
My recommendation is have a LAWYER do it. Only costs about $250 and takes one phone call. I used cole bryan in fort worth. I spent about 20 minutes on the phone with him and about 2 hours later he emailed me the trust. Easy as can be.
The beauty of the Second Amendment is that it will not be needed until they try to take it.- Thomas jefferson
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5766182
05/30/15 03:06 PM
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Joined: May 2011
Posts: 55
Kemo-Guacamole
Outdoorsman
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Outdoorsman
Joined: May 2011
Posts: 55 |
x3 on James Willi. It really comes down to what are you comfortable with. I wasnt comfortable with a diy trust. I like the idea that i can get legal advice if needed. You wont get that with 199trust or any others like it. Granted im confident i wont need it with the trust James Willi did,but its there is my point. It gave me piece of mind going through a lawyer and really wasnt all that expensive.
Last edited by Kemo-Guacamole; 05/30/15 03:08 PM.
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Re: Setting up a Trust
[Re: stxhunter]
#5766303
05/30/15 04:27 PM
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Joined: Dec 2006
Posts: 1,771
fgdn
Pro Tracker
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Pro Tracker
Joined: Dec 2006
Posts: 1,771 |
I used: James N. Willi Willi Law Firm, P.C. 9600 Escarpment Blvd. Ste. 745, PMB 34 Austin, TX 78749-1983 Main (512) 288-3200 Cell (512) 751-3229 Fax (512) 288-3202 jwilli@willi.com very pleased with his service and knowledge of firearms in general. I would highly recommend him to anyone. You can see his website here: http://www.myguntrust.com x2 that is who i used, feel real good about it. they are backing what they did for you that being said the other day while at the silencer shop, they did the person that was in line before me in less than 15 minutes and it only cost him 129$ i was quite impressed with how quick it actually went
Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting.......holy kaka.....What a Ride!
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5766319
05/30/15 04:47 PM
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Joined: Jul 2013
Posts: 2,773
Gone to Texas
Veteran Tracker
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Veteran Tracker
Joined: Jul 2013
Posts: 2,773 |
I used these people. Toronjo & Prosser Law Website : www.t-plaw.com10000 N. Central Expy Suite 407 Dallas, TX 75231 Super easy, took maybe 30 minutes. Cost $200 and they gave me a flash drive with everything I need along with all the paper work. I have also called/emailed them since and they are very helpful with all questions. The benefits of going with a lawyer instead of a do it yourself is that they will help you down the road.
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5766364
05/30/15 05:21 PM
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Joined: Mar 2011
Posts: 2,062
Toxarch
Veteran Tracker
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Veteran Tracker
Joined: Mar 2011
Posts: 2,062 |
Look what just came up on Gear Hog, $59 trust. http://www.gearhog.com/?did=68745
It is far more important to be able to hit the target than it is to haggle over who makes a weapon or who pulls a trigger.
� Dwight D. Eisenhower
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5766425
05/30/15 06:27 PM
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Joined: Dec 2009
Posts: 9,773
The Dude Abides
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2009
Posts: 9,773 |
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5766428
05/30/15 06:30 PM
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Joined: Dec 2009
Posts: 9,773
The Dude Abides
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2009
Posts: 9,773 |
...or just get your SOT and eliminate the Form 4 hassles. Most of our NFA items are owned by the shop as "demos". It's a write off!
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5766452
05/30/15 07:00 PM
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Joined: Jan 2011
Posts: 3,069
MDMORROW
Veteran Tracker
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Veteran Tracker
Joined: Jan 2011
Posts: 3,069 |
Since you're in the gun business definitely use a lawyer. There may be underlying things that need to be addressed for your specific situation. I used Chris Bass in Dallas and was pleased with his work.
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Re: Setting up a Trust
[Re: stxhunter]
#5766468
05/30/15 07:31 PM
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Joined: Sep 2013
Posts: 1,930
ETexas Hunter
Pro Tracker
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Pro Tracker
Joined: Sep 2013
Posts: 1,930 |
I used: James N. Willi Willi Law Firm, P.C. 9600 Escarpment Blvd. Ste. 745, PMB 34 Austin, TX 78749-1983 Main (512) 288-3200 Cell (512) 751-3229 Fax (512) 288-3202 jwilli@willi.com very pleased with his service and knowledge of firearms in general. I would highly recommend him to anyone. You can see his website here: http://www.myguntrust.com I used him as well, very pleased
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Re: Setting up a Trust
[Re: ETexas Hunter]
#5766477
05/30/15 07:39 PM
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Joined: May 2010
Posts: 1,732
HorizonFirearms
OP
Pro Tracker
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OP
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Joined: May 2010
Posts: 1,732 |
I used: James N. Willi Willi Law Firm, P.C. 9600 Escarpment Blvd. Ste. 745, PMB 34 Austin, TX 78749-1983 Main (512) 288-3200 Cell (512) 751-3229 Fax (512) 288-3202 jwilli@willi.com very pleased with his service and knowledge of firearms in general. I would highly recommend him to anyone. You can see his website here: http://www.myguntrust.com I used him as well, very pleased Welp I will call this guy monday sounds like the thing to do
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5767138
05/31/15 06:54 AM
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Joined: Mar 2011
Posts: 2,062
Toxarch
Veteran Tracker
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Veteran Tracker
Joined: Mar 2011
Posts: 2,062 |
When I was searching, Chris Bass in Dallas and Cole Bryan in Fort Worth were the most recommended in DFW. I went with Cole Bryan. Great to deal with before, during, and after.
It is far more important to be able to hit the target than it is to haggle over who makes a weapon or who pulls a trigger.
� Dwight D. Eisenhower
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Re: Setting up a Trust
[Re: HorizonFirearms]
#5767249
05/31/15 01:34 PM
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Joined: Dec 2006
Posts: 11,735
passthru
THF Celebrity
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THF Celebrity
Joined: Dec 2006
Posts: 11,735 |
I used Cole Bryan in Fort Worth as well. Great experience.
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Re: Setting up a Trust
[Re: krmitchell]
#5770731
06/02/15 07:52 PM
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Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
There are numerous horror stories regarding DIY trusts and it is not much more money to have an attorney do it properly. What are your sources for the "numerous horror stories regarding DIY trusts"? I have never heard of a single problem with them, just pissing and moaning from people who spent too much and think that you can't get a gun trust for under $150.
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Re: Setting up a Trust
[Re: DocHorton]
#5770853
06/02/15 08:54 PM
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Joined: Apr 2010
Posts: 4,991
Varget 7-08
Extreme Tracker
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Extreme Tracker
Joined: Apr 2010
Posts: 4,991 |
There are numerous horror stories regarding DIY trusts and it is not much more money to have an attorney do it properly. What are your sources for the "numerous horror stories regarding DIY trusts"? I have never heard of a single problem with them, just pissing and moaning from people who spent too much and think that you can't get a gun trust for under $150. "ATF has seen many trusts which name the same individual as the beneficiary. It would appear that all of those people are just copying the trust from someone else. They believe that one day this random person could inherit thousands of NFA firearms." https://www.guntrustlawyer.com/2015/04/atf-statements-at-the-nra-firearms-law-seminar.html
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