kimbershot
Member
- Joined
- Jul 22, 2008
- Messages
- 340
i am not a lawyer but i can read. my home state of south carolina permits folks to "craft" their own trust language as long as it meets certain criteria (trust code sections). nfa has criteria for "legal trusts". as long as you marry the criteria of both entities, --what's the issue?
i keep on seeing many caveats issued in the forums about situations making the trust illegal--and the boogey man usually has some kind of dog in the fight (read fee based lawyer). so--if you can read and write--keep it simple. if the trust is state legal--what the heck?
i would design a trust that was nfa specific--ie sbr builds. i would be settlor/trustee, a relative would be successor trustee and another relative would be beneficiary. all parties would be legally able to maintain control of the weapon (nfa legal acquisition--disposition) and of course, the weapon would be legal in sc. i could also stipulate the criteria for disposition (ie. convert weapon to street legal) and sell it, with proceeds going to the beneficiary.
my wording again, would conform to the trust code criteria, but i could dispense with much of the gobbledgook filler that you might find in willmaker or legal beagle boilerplate.
i keep on seeing many caveats issued in the forums about situations making the trust illegal--and the boogey man usually has some kind of dog in the fight (read fee based lawyer). so--if you can read and write--keep it simple. if the trust is state legal--what the heck?
i would design a trust that was nfa specific--ie sbr builds. i would be settlor/trustee, a relative would be successor trustee and another relative would be beneficiary. all parties would be legally able to maintain control of the weapon (nfa legal acquisition--disposition) and of course, the weapon would be legal in sc. i could also stipulate the criteria for disposition (ie. convert weapon to street legal) and sell it, with proceeds going to the beneficiary.
my wording again, would conform to the trust code criteria, but i could dispense with much of the gobbledgook filler that you might find in willmaker or legal beagle boilerplate.