What type of property to initially put in the trust?

Average Joe · Post by **Average Joe** » Sun Mar 01, 2009 4:32 pm

Hey,

I'm starting (or thinking about starting) my own trust via the QuickenÂ® method, and I was wondering what would be the best type of asset to place in the trust to start off with. Since this trust is only going to house NFA items exclusively, it seems the most appropriate thing for it to facilitate would be another (obviously, a normal title 1) firearm.

Later on, would having a title 1 firearm and an NFA gun/device in the same trust cause some sort of conflict with each other?
Would it be better to just assign a dollar bill into it?

I'm guessing it wouldn't matter either way, but maybe there's something I'm not aware of...
Sorry for asking such a dumb question, I love finding things to worry about and Iâ€™m generally over-precautious about everything.

I'm certainly glad I've found this place, and if all goes well for me you guys can expect many more redundant questions like this from me in the future.

39Lasalle · Post by **39Lasalle** » Sun Mar 01, 2009 4:44 pm

I used a ten dollar bill

39

Madhouse · Post by **Madhouse** » Sun Mar 01, 2009 8:35 pm

Ha ha, yup, me too. $10

Diomed · Post by **Diomed** » Mon Mar 02, 2009 12:21 am

Average Joe wrote:Later on, would having a title 1 firearm and an NFA gun/device in the same trust cause some sort of conflict with each other?
Would it be better to just assign a dollar bill into it?

Anything with a serial number works well. I went with the ten spot like the others.

Don't see a reason there would be any problems with putting regular guns in there - mine has a bunch of them.

Sevenout · Post by **Sevenout** » Mon Mar 02, 2009 1:35 am

39Lasalle wrote:I used a ten dollar bill

39

+1 on the $10 bill

stevejobs · Post by **stevejobs** » Mon Mar 02, 2009 1:45 am

I started mine with a Glock 19. Anything with a serial number. $10 is fine legally of course, a gun just seemed to make it more real for me. YMMV.

jreinke · Post by **jreinke** » Mon Mar 02, 2009 4:59 am

I added the AR15 and Remington 870 that I intended to convert to SBR & SBS.

ZA206 · Post by **ZA206** » Thu Mar 05, 2009 1:59 pm

So the minimum for a trust is $10?

-ZA

Stu · Post by **Stu** » Thu Mar 05, 2009 2:09 pm

I wanted to use an autographed paper back I have, but I don't think it has it's own serial number.

jimmym40a2 · Post by **jimmym40a2** » Thu Mar 05, 2009 2:43 pm

Do a dollar if you don't have a 10........then when you get some nfa items in it you can take the dollar out.

1911pilot · Post by **1911pilot** » Thu Mar 05, 2009 4:07 pm

I used an old Mauser I had laying around.

skychaser53 · Post by **skychaser53** » Fri Mar 06, 2009 9:34 am

can you use the tube that you are going to make the suppressor out of? It will have a serial number

Diomed · Post by **Diomed** » Sat Mar 07, 2009 12:22 am

skychaser53 wrote:can you use the tube that you are going to make the suppressor out of? It will have a serial number

That would raise red flags. If you're putting it in the trust, you're saying it already exists as a silencer (serialized tube = silencer if you have intent). Nothing good would come of that.

skychaser53 · Post by **skychaser53** » Sun Mar 08, 2009 1:11 am

Diomed wrote:
skychaser53 wrote:can you use the tube that you are going to make the suppressor out of? It will have a serial number
That would raise red flags. If you're putting it in the trust, you're saying it already exists as a silencer (serialized tube = silencer if you have intent). Nothing good would come of that.

thanks for the info ! ! They wouldn't know that nothing else existed. No since taking chances.. If my brother-inlaw comes up with money for a car in a few weeks I'll be able to send my form 1 in

)

YugoRPK · Post by **YugoRPK** » Fri Mar 13, 2009 11:06 pm

I sent a blank paper that said "Schedule A" on top

Wyatt9k · Post by **Wyatt9k** » Mon Mar 16, 2009 6:46 pm

u can start off with anything u want to put in the Trust it doesnt have to have a serial number...average joe, please for the love of, change your avatar..

What type of property to initially put in the trust?

What type of property to initially put in the trust?

Re: What type of property to initially put in the trust?