Revocable Trust

[bayoutrigger]

Most Louisiana attorneys are scared of trusts. Although there are some limitations because of our Louisiana system of law, for the most part trusts are a no hassle way to handle things.

I'm not sure that I understand when a trust needs to register/file with the Louisiana Department of Public Safety. Must all trusts that are going to own a class III firearm register with the state or is it only trusts that are going to manufacture a class III item must register?

 

[Swampy]

When you find out ... Set a price and let us know.... I have been debating setting up a trust to get a silencer...

 

[Nolacopusmc]

You should definitely become a site sponsor and advertise this service. A lot of members are looking at this option as a Class III avenue.

 

[Manimal]

I started an LLC for photography and this...I would indeed be interested in finding out more about a trust too.

 

[mcinfantry]

there has to be negatives in doing it that way. not saying they outweigh the positives, but there is always SOME

 

[aroundlsu]

Not really any negatives with a trust. Almost all of the serious NFA collectors use trusts.

 

[Manimal]

Why a trust over an LLC?

 

[Richard in LA]

Why a trust over an LLC?

No annual fee, just a one time, up-front fee to set up the trust

 

[Bearco]

a trust is private as well. anyone can search and see the llc you own.

 

[cajun 22]

Bayoutrigger

Thanks for stepping up to help out the shooting family here get the fun stuff.
I have three items through my trust and have been posting my trek through the process. You do not register the trust with the state police, you list the trust as the applicant/maker on the forms. You only record the items in schedule A and any changes you make to it at the clerk of court office in your parish. My trust does not list a minimum age of trustees but you have to follow federal law on this one. You can however list younger people (your kids) as benificiary and the items will be held in trust until they are of legal age and qualify to own the items. Shoot me a PM and I will give additional info you may be looking for.

cajun

 

[Jon]

Nice!

 

[bhunt261]

Just thought I'd share...

Look at this link...http://forums.officer.com/showthread.php?t=107341 It shows some great information for you to "leverage" into your endeavor. I hope it helps... Take care... Bobby

 

[cajun 22]

bhunt261

That's good info. I have heard of people doing this in LA and getting approved. It would be money well spent to let an attorney look it over for flaws for LA has some of the worst napoleanic trust laws in the country. Then proceed. He is also in Texas where things are a lot less complicated. Also you need to send the entire trust document in now, not just a declaration.

Good Luck