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10:26 PM
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Own Firearms? DO THIS NOW and thank me later
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[quote:Cryptographer:MV80NzM4Nzk2Xzg2MzY3MzA1Xzg3REJGNTE0] [quote:Anonymous Coward 80138459:MV80NzM4Nzk2Xzg2MzY1OTI4XzZDQzJBNjc2] OP, I bagged on you earlier as a different AC and I apologize for that. This may or may not work but I think what matters here is that you gave enough of a shit to come up with something. So many people here with their head up their ass just looking to talk shit about anything somebody tries to put out there to see if it makes a difference. I'm ashamed to have been one of them. Thank you for putting this out there for others to consider. [/quote] Thanks for the comment. Yeah, there are people here that just bag on anything. Personally I believe half of them don't have the brain power to understand it and the other half I believe are those that have an agenda it threatens. Regardless, I have used trusts for a long time and they work. They are too dense to realize you could use a corporation for the same thing. Just transfer the stock and you will transfer "control" of the firearm. The difference is that the state has their hand out each year for "renewal fees" for the corporation -- a trust doesn't have any "fees" nor any annual requirements for anything. They MIGHT be able to understand a corporation a little better but the entire "trust" thing, well I don't think they even understand the basics... so what do people do when they don't understand something? The make fun it it..... So be it. I will be laughing because I have already done this and I know *I* will be in the best position possible. I am almost to the point that I am about where I am just NEVER going to help people with ANYTHING because in the end they really don't appreciate it anyhow. [/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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