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coulda saved yourself a lot of typing by just posting this...
specific example of a quicken trust fail that was NOT detected by the feds initially...
http://www.guntrustlawyer.com/2009/05/batfe-seeks-to-seize-nfa-firea.html
I clicked on the link and then tried to reference a name and case from Prince law and nothing is there. See <broken link removed>
Show me the case and where it was prosecuted. More scare tactics by Goldman. I have research what Goldman and Prince are saying and yes, they are drumming up sales via scare tactics. I have yet to have seen the details of a case that was actually prosecuted or even indicted or really anything. Nothing of substance.
By the way here is the Oregon law for trusts and my trust meets all the requirements. The NFA laws cover nothing about how a Trust is supposed to be formatted.
130.155 UTC 402. Requirements for creation. (1) A trust is created only if all of the following requirements are met:
(a) The settlor has capacity to create a trust.
(b) The settlor indicates an intention to create the trust.
(c) The trust has a definite beneficiary or is:
(A) A charitable trust;
(B) A trust for the care of an animal, as provided in ORS 130.185; or
(C) A trust for a noncharitable purpose, as provided in ORS 130.190.
(d) The trustee has duties to perform.
(e) The same person is not the sole trustee and sole beneficiary.
(2) A beneficiary is definite for the purposes of subsection (1)(c) of this section if the beneficiary can be ascertained when the trust is created or at any time thereafter, subject to any applicable rule against perpetuities.
(3) A power of a trustee to select a beneficiary from an indefinite class is valid. If the power is not exercised within a reasonable time, the power fails and the property subject to the power passes to the persons who would have taken the property had the power not been conferred. [2005 c.348 §22]