Users Online Now:
1,929
(
Who's On?
)
Visitors Today:
378,094
Pageviews Today:
599,100
Threads Today:
207
Posts Today:
2,979
07:32 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
Own Firearms? DO THIS NOW and thank me later
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
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 18570240:MV80NzM4Nzk2Xzg2MzMwMDczXzc2ODhDRjc2] [quote:Anonymous Coward 79368880:MV80NzM4Nzk2Xzg2MzI5MTI3XzREMzhGMzI3] [quote:Anonymous Coward 17573136:MV80NzM4Nzk2Xzg2MzI2ODM1X0VEOUY4ODkz] [quote:Anonymous Coward 80043341:MV80NzM4Nzk2Xzg2MzI2MzQxX0E5RTYzNUFD] hey OP...what do you fear exactly??? that The laws will be destroyed and they will take what is rightfully yours??? I do not understand.... [/quote] The new bill would make transfers from father to son illegal without a background check. This is a way around that. [/quote] really??? Explain how a trust can undergo a background check in order to receive a firearm from an individual and unless parent to child or visa versa all transfers have to go through an FFL and the transferrer and transferee both have to undergo background checks... you need to understand the existing laws before spewing nonsense [/quote] The OP simply said to transfer ownership to a trust BEFORE the bill is signed. The trust does not need a background check now. [/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.
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>