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Old 07-08-2008, 8:45 AM
oaklander oaklander is offline
Join Date: May 2006
Location: Deep East Oakland
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It is not proper for me to answer specific legal questions here. Nor do I wish to debate the relative costs vs. benefits of using a real lawyer versus using a "lawyer-in-a-box."

The purpose of this thread was simply to give a "status update" to the people who have contacted me in the past about NFA trusts. I'd like to stay on topic.

You sound like you have done a lot of research on NFA trusts. That's a good thing. I would still strongly recommend that you have an experienced attorney look over the resulting document that you create.

Originally Posted by Telperion View Post
I've read into the use of NFA trusts since they became widely known. It seems the common places where the legality of ownership comes into question are:

- someone other than trustee in possession
- trustee unable to serve, or legally disabled from possession
- beneficiary legally disabled from possession
- situations arising from a trust merger

Again, I've seen a lot of innuendo from lawyers, but I'd like to hear specifics of why Willmaker trusts are deficient.