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02:34 AM
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Own Firearms? DO THIS NOW and thank me later
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 75993659:MV80NzM4Nzk2Xzg2MzI4NzA4XzUzODA5N0Uz] [quote:Anonymous Coward 78551315:MV80NzM4Nzk2Xzg2MzI4NTkzXzE2MTQyMTRD] [quote:Mr Samuel Colt:MV80NzM4Nzk2Xzg2MzI4Mzg5X0VCNTc4NUEx] [quote:Cryptographer:MV80NzM4Nzk2Xzg2MzI2MDEzXzM4RDkxRTlD] How could anyone vote down this thread? Do we have some commie gun haters in here? [/quote] No commies, just a dumb idea [/quote] It's not dumb at all. The uber wealthy have been using trusts to shield ALL KINDS of property for a LONG time. Our family (mother, father, brother and myself) have 18 trusts of which we're all trustees. We're not uber wealthy, we're just not ignorant to how the world works. [/quote] Trust shields things that are legal. So you can use trusts like the OP said. Right now. But the moment they decide to make firearms completely illegal, all that trouble OP went to, to protect the firearms will be completely worthless. Secondly, it leaves a paper trail and absolute proof the firearm exists. If you want to protect your firearms, its best there is no proof you have them at all. Should a totalitarian regime take control, its best no one knows you have the means to defend yourself. [/quote]
Original Message
I am going to give you a suggestion, run with it if you like or ignore it totally. I am not providing legal advice, this is just me telling a story, so listen to my story or ignore it, your choice.
I suggest that you create an
individual REVOCABLE TRUST for EACH FIREARM you own
and assign ownership of a firearm into the given trust. This means each trust you create will own ONE firearm. If you have 10 firearms, you have 10 trusts. You can also assign ammo into the trust if you like.
They can even be named in numbered order:
OK Coral Firearms #1 Revocable Trust
OK Coral Firearms #2 Revocable Trust
OK Coral Firearms #3 Revocable Trust
...etc
You will need at least one Trustee (you) and a beneficiary.
Trusts cost NOTHING to form (unlike filing a LLC or corporation) and do NOT have to be part of any public record. To establish the date the trust was created so it can not be disputed later make sure your signature is NOTARIZED when you form the trust.
Now... once you do this you no longer technically own the firearm, the trust does. This means that if you wish to transfer that trust to anyone else in the future you simply add a Trustee to the trust and then you can resign from the trust. That is not a transfer or sale of the firearm.
The new trustee now has control of the trust, and the firearm, and no "transfer" has taken place.
Do this BEFORE it is signed into law, if it looks like that is going to happen. I predict it will happen.
You are welcome.
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