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PMB wrote:

kf7mjf wrote:

So if she says your wife becomes an accidental felon, she's a lying sack of shit, because the procedures are in place to provide for a smooth transfer of ownership of NFA items to an heir.

Or she could simply be mistaken.

RocketScott wrote:

A few things to consider:

Having a trust keeps it out of probate. Doesn't go through that system at all.

If your wife has access to the SBR while your not there she's in violation.

Trusts don't have to be expensive. I wrote my own. It's not rocket science.

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Unicorn wrote:

Yes, there are forms that can be done to transfer them if you die first. But, do you want your wife to have to go through the process when she has other things to deal with? Will she remember something that she doesn't even care about when she has more important day to day things to do? Funeral, dealing with banks, insurance, taking care of kids, that sort of thing.

edogg wrote:

Unicorn wrote:

I'm including instructions (with links) in my will so that the executor can easily take care of it. Either way in a trust situation, it will still need to be dealt with.

edogg wrote:

Unicorn wrote:

I'm including instructions (with links) in my will so that the executor can easily take care of it. Either way in a trust situation, it will still need to be dealt with.

Sent from my iPhone using Tapatalk

Author:	Guns4Liberty [ Thu Jan 12, 2017 8:05 am ]
Post subject:	Re: Why a trust?
In my opinion, 41F eliminated a major advantage of trust ownership (the easy "sharing" of NFA firearms with co-trustees) for assets acquired under the new rules. The sharing advantage is still there, but the process is now more difficult (fingerprints, photographs, and BGCs for everyone instead of just for the grantor). I set up a trust because my immediate family members are all firearm enthusiasts, and I wanted my dad, brother, sister, brother-in-law, and wife to be able to legally possess and use my firearms whenever they want during my lifetime. Had I bought my NFA firearms as an individual, my family would only be able to possess and use them when I was present. If sharing your NFA items with others during your lifetime is of little interest to you, then a trust may not be right for you. And if your wife doesn't care to own your NFA items after you're dead and gone, then a trust may not be right for you. Everyone's situation is different, and setting up a trust is not always the answer. It's hard to get objective advice and information on which route to go, though, because everyone has their opinions, or they are trying to sell you something. Good luck figuring it out!

Author:	edogg [ Thu Jan 12, 2017 12:51 pm ]
Post subject:	Re: Why a trust?
PMB wrote: kf7mjf wrote: So if she says your wife becomes an accidental felon, she's a lying sack of shit, because the procedures are in place to provide for a smooth transfer of ownership of NFA items to an heir. Or she could simply be mistaken. I'll assume positive intent. But K7numbersAndLetters makes a good point. If they're experts, they should know better. They might be either dishonest or incompetent. And I'm not sure which is worse. Sent from my iPhone using Tapatalk

Author:	kf7mjf [ Thu Jan 12, 2017 12:53 pm ]
Post subject:	Re: Why a trust?
Incompetency can be excused, especially at the lower levels of "person answering the phone" who may or may not be expected to do more than simply connect calls to the correct person/department. Dishonesty OTOH...

Author:	RocketScott [ Fri Jan 13, 2017 4:48 pm ]
Post subject:	Re: Why a trust?
Another reason it's not so clear cut is because of all the variables. Everyone's circumstances are different. I found what works best for me. All any of us can do is explain our situation and what we did to accommodate it. Sent from my iPhone using Tapatalk

Author:	jdhbulseye [ Sat Jan 14, 2017 5:00 am ]
Post subject:	Re: Why a trust?
RocketScott wrote: A few things to consider: Having a trust keeps it out of probate. Doesn't go through that system at all. If your wife has access to the SBR while your not there she's in violation. Trusts don't have to be expensive. I wrote my own. It's not rocket science. Sent from my iPhone using Tapatalk

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Why a trust? https://www.waguns.org/viewtopic.php?f=41&t=76999	Page 3 of 3

Author:	Unicorn [ Mon Feb 27, 2017 10:46 pm ]
Post subject:	Re: Why a trust?
Yes, there are forms that can be done to transfer them if you die first. But, do you want your wife to have to go through the process when she has other things to deal with? Will she remember something that she doesn't even care about when she has more important day to day things to do? Funeral, dealing with banks, insurance, taking care of kids, that sort of thing.

Author:	edogg [ Tue Feb 28, 2017 5:42 pm ]
Post subject:	Re: Why a trust?
Unicorn wrote: Yes, there are forms that can be done to transfer them if you die first. But, do you want your wife to have to go through the process when she has other things to deal with? Will she remember something that she doesn't even care about when she has more important day to day things to do? Funeral, dealing with banks, insurance, taking care of kids, that sort of thing. I'm including instructions (with links) in my will so that the executor can easily take care of it. Either way in a trust situation, it will still need to be dealt with. Sent from my iPhone using Tapatalk

Author:	PMB [ Tue Feb 28, 2017 5:56 pm ]
Post subject:	Re: Why a trust?
edogg wrote: Unicorn wrote: Yes, there are forms that can be done to transfer them if you die first. But, do you want your wife to have to go through the process when she has other things to deal with? Will she remember something that she doesn't even care about when she has more important day to day things to do? Funeral, dealing with banks, insurance, taking care of kids, that sort of thing. I'm including instructions (with links) in my will so that the executor can easily take care of it. Either way in a trust situation, it will still need to be dealt with. That is solid thoughtful sir. Very good of you.

Author:	RocketScott [ Tue Feb 28, 2017 8:54 pm ]
Post subject:	Re: Why a trust?
In a trust it doesn't go through probate. There are some advantages to that. Sent from my iPhone using Tapatalk

Author:	Unicorn [ Thu Apr 20, 2017 5:11 pm ]
Post subject:	Re: Why a trust?
edogg wrote: Unicorn wrote: Yes, there are forms that can be done to transfer them if you die first. But, do you want your wife to have to go through the process when she has other things to deal with? Will she remember something that she doesn't even care about when she has more important day to day things to do? Funeral, dealing with banks, insurance, taking care of kids, that sort of thing. I'm including instructions (with links) in my will so that the executor can easily take care of it. Either way in a trust situation, it will still need to be dealt with. Sent from my iPhone using Tapatalk It will but there is no other process involved. You die, it's hers. As simple as that. Yes, there will be the Form 4 to a store or other person, but there is no Form 5 in between that. It just keeps things simpler. You seem to be wanting to have a nice easy estate plan. Trusts are a part of estate planning. It's why one of the lawyers at NW Gunlaw group loves trusts. Dennis is an estate attorney. It's what he does full time... the gun stuff is a side business for him. Trusts, wills, everything else having to do with estates and deaths.

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