shadow116
2nd Class Citizen
I am just getting my ducks in a row, and researching the whole trust issue. In my research I ran across these articles. Has anyone else seen these or have anymore information. I know that these articles are written by lawyers for themselves, but some of the arguments seem valid.
http://blog.princelaw.com/2009/3/3/can-i-use-quicken-will-and-trust-maker-for-my-gun-nfa-trust
http://www.guntrustlawyer.com/2009/04/atf-and-invalid-quicken-trust.html
http://blog.princelaw.com/2009/3/3/can-i-use-quicken-will-and-trust-maker-for-my-gun-nfa-trust
While Quicken and Legal Zoom may (see issues listed below) be a viable option for typical trust assets (bank account, car, jewelry, stocks), they are NOT designed for NFA firearms. To the unwary NFA owner, the lack of NFA specific provisions in the trust may result in illegal transfer of a NFA firearm, breaches of duties and/or obligations of trustees, forfeiture of the firearm(s), and possible criminal charges, such as illegal possession of a NFA firearm.
http://www.guntrustlawyer.com/2009/04/atf-and-invalid-quicken-trust.html
I have reviewed and modified many trusts that individuals have attempted to create on their own using canned software or generic forms. Many of these trusts do not achieve the desired results and almost half of the trusts I have reviewed are invalid because of technical flaws contained within the trust.