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Rifles, Reloading, Optics, Equipment
Suppressors
Suppressor purchasing process advice
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<blockquote data-quote="cohunt" data-source="post: 2745587" data-attributes="member: 94491"><p>Everyone should have a general trust-- the process and time involved with distribution to beneficiaries far outweighs the headaches of going through probate court for a "last will and testament "</p><p></p><p>I have 2 separate trusts-- 1 for my general assets ( land/personal items etc)--- and one for my firearms/nfa items--- that way they won't tie up/burden the other if something legal comes up....you should also have a "will" that states that upon your death everything that is not in your trusts (vehicles /etc) gets automatically transferred to your trust---- no will, no probate court, far less time and hassle to secure items like deeds, bank accounts, stocks/bonds/401k etc. </p><p></p><p>Wills are a pita, revocable trusts are the way to make things much easier for beneficiaries and trustees.</p><p></p><p>You can have multiple trusts-- best to get a local attorney involved when creating one to make sure all aspects are legal in your state of residence </p><p></p><p>ATF does not determine if your trust would be legal or not- they just want to see that you have one set up....if it wasn't written legally then upon your death it can get problematic</p></blockquote><p></p>
[QUOTE="cohunt, post: 2745587, member: 94491"] Everyone should have a general trust-- the process and time involved with distribution to beneficiaries far outweighs the headaches of going through probate court for a "last will and testament " I have 2 separate trusts-- 1 for my general assets ( land/personal items etc)--- and one for my firearms/nfa items--- that way they won't tie up/burden the other if something legal comes up....you should also have a "will" that states that upon your death everything that is not in your trusts (vehicles /etc) gets automatically transferred to your trust---- no will, no probate court, far less time and hassle to secure items like deeds, bank accounts, stocks/bonds/401k etc. Wills are a pita, revocable trusts are the way to make things much easier for beneficiaries and trustees. You can have multiple trusts-- best to get a local attorney involved when creating one to make sure all aspects are legal in your state of residence ATF does not determine if your trust would be legal or not- they just want to see that you have one set up....if it wasn't written legally then upon your death it can get problematic [/QUOTE]
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Rifles, Reloading, Optics, Equipment
Suppressors
Suppressor purchasing process advice
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