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DarkHorse posted:The main advantages of a trust are that multiple people can have access to the item(s) without the owner being present and that the list of people can be changed periodically I know, I have a trust, but the post i was replying to specifically mentioned they were interested in a trust because people wanted the stuff after they were gone.
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Apr 11, 2021 21:19
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Tyro posted:I know, I have a trust, but the post i was replying to specifically mentioned they were interested in a trust because people wanted the stuff after they were gone. Thank you all for the info! Great point here as I didn't know about the Form 5. Nobody will be borrowing any of these items without me being present so I think at this point, it's not worth the extra cost and effort to form a trust. I'm not planning on being dead anytime soon or anything but as a person gets older and sees how friends and family go, it's good to develop a living will and a plan for things in case of the unexpected. Thank you all again!
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Apr 11, 2021 21:34
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Pitre posted:Thank you all for the info! Great point here as I didn't know about the Form 5. Nobody will be borrowing any of these items without me being present so I think at this point, it's not worth the extra cost and effort to form a trust. I'm not planning on being dead anytime soon or anything but as a person gets older and sees how friends and family go, it's good to develop a living will and a plan for things in case of the unexpected. Thank you all again! I could be wrong, but I believe you're supposed to restrict access to your NFA items. So if you have a safe and other people know the combo to it, or you left your can out unattended and not in your direct supervision, you might be violating the law. Maybe someone else could tell me what I got wrong. I guess that would be another reason to go with a trust.
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Apr 11, 2021 23:09
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Boner Wad posted:I could be wrong, but I believe you're supposed to restrict access to your NFA items. So if you have a safe and other people know the combo to it, or you left your can out unattended and not in your direct supervision, you might be violating the law. Maybe someone else could tell me what I got wrong. I guess that would be another reason to go with a trust. Yeah technically it needs to be in the sole possession of people registered to have it, and that includes being in a safe where someone else knows the combination. In reality they're never going to come after you for solely that, but it would a charge they could pile on if they were indicting you for other stuff and wanted to nail you to the wall.
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Apr 11, 2021 23:40
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Yeah don't underestimate the convenience of a trust just for letting someone else have access to it/them with minimal hassle.
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Apr 12, 2021 00:58
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In regards to the trust, what would happen if something happened to me before I could add more responsible parties? In my case I have two sons, both may have interest in my stuff when I'm gone, but right now they're too young. Would the trust dissolve upon my death if I hadn't added them to it and would they have a recourse to claim them? Or is that something I can stipulate in a living will in the event I die before they are mature enough to be added to the trust? I only have two stamps right now so starting a trust isn't a huge cost sink right now. Just weighing my options.
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Apr 12, 2021 01:38
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ChesterJT posted:In regards to the trust, what would happen if something happened to me before I could add more responsible parties? In my case I have two sons, both may have interest in my stuff when I'm gone, but right now they're too young. Would the trust dissolve upon my death if I hadn't added them to it and would they have a recourse to claim them? Or is that something I can stipulate in a living will in the event I die before they are mature enough to be added to the trust? It's all defined when you start the trust. That's actually a requirement to be a valid trust I believe, how the assets are supposed to be unwound upon the death of any and all trustees. Generally, you designate who will be responsible for distributing the trust's assets (generally not supposed to be a trustee) and any contingent/backup options. This is definitely something to discuss with a legal professional if you don't like what the default trust language says.
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Apr 12, 2021 02:00
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NFA items can be transferred tax free using an ATF Form 5 from the trust of the deceased to a individual or new trust, but there has to be specific language in the trust designating who can distribute trust assets and who can receive trust assets.
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Apr 12, 2021 12:43
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Got a cga kraken Where can I get the trilug adapter for it so I can mount it on some of my guns? It's seemingly sold out everywhere.
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Apr 13, 2021 01:12
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Where did you guys go to get your trusts notarized?
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Apr 13, 2021 01:51
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Toshokan posted:Where did you guys go to get your trusts notarized? A notary
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Apr 13, 2021 01:55
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Toshokan posted:Where did you guys go to get your trusts notarized? Atticus_1354 posted:A notary UPS stores usually have one on staff.
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Apr 13, 2021 01:56
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If you have a bank account at a local bank or credit union they might notarize documents for free. If that's not an option most UPS stores or FedEx/Kinkos have notaries on staff. Edit: ya beat me to it!
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Apr 13, 2021 01:56
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I go to the credit union where I am a member
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Apr 13, 2021 02:26
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stgdz posted:Got a cga kraken I don't know what a cga kraken is. What is the thread pitch? I have one of these on my MPX https://inleadwetrust.com/product/hk-navy-style-3-lug-suppressor-adapter-w-1-2-28-muzzle/ I've also heard the Griffin ones are good https://www.griffinarmament.com/9mm-3-lug-barrel-adapters/
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Apr 13, 2021 03:06
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Think they are talking about the adapter on the suppressor so this part https://cgsgroup.com/product/3-lug/ I don’t own a CGS but emailing them and asking what the back order lead time is might be a good idea. Mine were back ordered but only 4 weeks out.
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Apr 13, 2021 04:26
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