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I paid $40 for Quicken Willmaker. Then, I did not use it. Why? 1st, Our LE is very NFA devices friendly and all BATFE forms get signed up quickly. 2nd, my pre-paid lawyer said "a Living Trust is a very complicated document and I advise you hire a lawyer to complete it. Expect to pay ~$1000 to $1500" and more BS like that (which made me wonder what I am paying pre-paid legal services for in first place). But, at the time, it did not sound like BS and I ignored all the positive feedback I received from all gun lover who have gone that route.
Truth is, going to the sheriff's used to give me the jivvies. But, after doing it a couple of times, I kind of like going there and go by first names with the people there.
Will you have to pay another $200? I dunno, but I doubt it. Check the BATFE web site's FAQs. I remember reading your heirs won't have to pay the tax since you already paid for it. But why do you want to transfer to a LT? The whole purpose of the LT is to skip the LE, which you obviously did not!
If your LE is as NFA friendly as ours and you do not plan to buy a lot of NFA devices, just forget about the Living Trust. If you paln to acquire several, go for it.
I had no problems at all going the trust route.The dealer did it all for me at no charge.Law enforcement is not involved in any way with a LT.Yes you can transfer the nfa item to family members upon your death without paying another tax if they are named on the trust as having control,then the item stays in the trust and no tax needs re-payment.
Can anyone give me a run down on creating a Living Trust (process, cost, etc) and how you transfer NFA items into and out of the trust?
Also, I currently have a 22 can and was wondering if I would have to pay the $200 Tax again to put it into the trust.
Thx