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I'm happy to volunteer for the role of "favorite nephew". Let me know if that position opens back up.The trust clearly states it's an irrevocable 50/50 interest between the two of us.
My plan is to hold onto the two machine guns and suppressor til I pass and then bequeath them to my favorite nephew., which the gun trust clearly allows.
The only way the other trustee can demand ownership is to move to Oregon and that's not going to happen.
There is no monetary values given to the NFA items, so I don't have to financially compensate the other trustee, unless I decide to sell them.
My durable power of attorney ended when the she passed away. I'm just about to close down the other family trust before this tax year ends and need to focus on the gun trust before March of next year.
I thought about selling the machine guns, but how often does one have the opportunity of receiving free machine guns and since I can't stand the other guy, why sell them and give him half the proceeds.
Duly noted. Out of all my relatives, my nephew Joe is the only one that I have any contact with.I'm happy to volunteer for the role of "favorite nephew". Let me know if that position opens back up.
You ain't the only one. I've come to the conclusion that families are built, not born.Duly noted. Out of all my relatives, my nephew Joe is the only one that I have any contact with.
As for the rest, I wouldn't cross the street to say hello. Kinda sad considering the time of year.