Pull the trigger on a $99 NFA Trust?

[itisagoodname]

Gearhog has a deal for 199Trust.com fir a $99 NFA gun trust. I have researched the hell out of this topic but i am also a firm believer of "you get what you pay for" but i just dont know what you get from a $99 trust compared to $600.

Does anyone have any info on this company, or gone with a similar deal?

[Blue]

Curious as well.

[Kevin S]

Saw that this morning as well. Honestly, never really investigated NFA trusts, but $99 isn't bad if it's legit...

[Zamble]

California is planning on closing firearms trusts. Legislation has been introduced. Save your money.

[CAL.BAR]

Can you say paralegal? If you want a trust see a real lawyer. Www.californiaguntrusts.com

[itisagoodname]

California is planning on closing firearms trusts. Legislation has been introduced. Save your money.

I have read this as well but nobody can explain exactly what could potentially happen after the law passes (in regards to already existing trusts).

[TeddyBallgame]

Don't know much about trust, but, how would one help you if you have a bunch of firearms that are grandfathered and end up non transferable, even to family members after your death?

If they can't help you there, what is the real advantage?

[CSACANNONEER]

Tagged.

[al8550]

tagged

[itisagoodname]

Decided against it, too risky and the penalties too severe. Just something about being charged $99 for a ~$600 service.

What is the difference between an NFA firearms Trust and a traditional Trust?

A LOT! There are numerous differences between a traditional trust and an NFA Firearms Trust. An NFA firearms trust is a ‘revocable trust’ in as much, the owner can change or modify who is named as part of the trust right up until they die. Traditional trusts do not instruct who can use, sell, or possess Type II weapons. If you become incapacitated, it may be necessary to sell some assets for financial reasons. This is a covered topic in an NFA Trust. An NFA Firearms trust provides information to determine if the person receiving them has legal ability to take possession of them, that the NFA firearms are legal to possess in the recipients home state, that it is ok to transfer the items, and that the successor trustee is confident that the recipient is responsible and mature enough to possess NFA firearms.

The penalties for NFA violations are severe! Each violation subjects the firearms owner to forfeiture of ALL firearms, a 10 year prison term, and up to $250,000 in fines. Do yourself a favor, contact an attorney who is familiar with NFA law, and enact an NFA firearms Trust today! Don’t give those ‘Free Trusts’ you see on the internet a second look! MANY of them are completely invalid! Although the ATF may allow a transfer into the trust, if it is later deemed ‘invalid’, you are now in violation of possessing an NFA firearm illegally! Get it done right!

[Baboosh]

Am I wrong or is the only gun you can get is a short shotgun within CA?

I'd do it if I could put a stock on my Vector pistol

[CSACANNONEER]

AFAIK, the first NFA trust in CA was done without the help of an attorney, a para legal or anybody but the person who got it. An attorney is definately not needed.

Am I wrong or is the only gun you can get is a short shotgun within CA?

I'd do it if I could put a stock on my Vector pistol

You can get any NFA item which is legal in CA. That means most AOWs, C&R SBRs and C&R SBSs. You won't be able to turn your Vector into a SBR in CA for another 48-50 years.

[JohnP]

So nobody has a gun trust?

[MontClaire]

I have read this as well but nobody can explain exactly what could potentially happen after the law passes (in regards to already existing trusts).

You wouldn't be able to transfer firearms to a juristic body.i.e a corporation, an LLC, a partnership. Only physical person may own a firearm in CA.

[sigstroker]

Don't know much about trust, but, how would one help you if you have a bunch of firearms that are grandfathered and end up non transferable, even to family members after your death?

If they can't help you there, what is the real advantage?

Very worst case, you could always transfer out of state.

You wouldn't be able to transfer firearms to a juristic body.i.e a corporation, an LLC, a partnership. Only physical person may own a firearm in CA.

If that's what the bill is, then you would be okay if the trust already owned the firearm. They would be treading on dangerous ground trying to pass legislation that broke existing trusts or confiscated property already owned.