Trusts, NFA and being married...

[MH64]

So am wanting to setup a trust with myself and my wife as grantors/trustees so my wife can have access to items as well.
For those that have done this, how did you name your trusts and what did you have engraved on the items?

[Robb Jensen]

So am wanting to setup a trust with myself and my wife as grantors/trustees so my wife can have access to items as well.
For those that have done this, how did you name your trusts and what did you have engraved on the items?

My wife and I have different last names. So ours is like this:

"The John Smith and Jane Doe Revocable Living Trust"

And engraved like:

Smith/Doe Trust
Anywhere, VA

And I put what I engraved on the line for additional description.

[mpardun]

Making your wife, kids, brother or whomever, "Grantors and Trustees" of the trust. It is not important to have them in the trusts name iteslf, just the paperwork establishing their connection to the Trust, along with the Tax stamp/NFA paperwork on you everytime the gun is outside your home/safe with one of the named folks.

Many people reccomend copies of all paperwork be available in your vehicle, with the weapon in the case and anywhere else you may be found in possession of the NFA items and need to prove legitimate ownership/usa rights.

[MH64]

My wife and I have different last names. So ours is like this:

"The John Smith and Jane Doe Revocable Living Trust"

And engraved like:

Smith/Doe Trust
Anywhere, VA

And I put what I engraved on the line for additional description.

My wife has my last name so how would this work:

John/Jane Trust
Anywhere, USA

Using our first names. BTW, my wife has a very unique first name so there aren't very many people who would have that.

[twodollarbill]

By the Post I thought that this was going to be a "divorce" thread.

My wife thinks that big metal box with a dial in front is full of Beer and Porn.

[robert357]

You must make yourself and your wife Trustees. This is the only way that you can have legal possession of the NFA. The Grantor no longer has ownership because they have given the res over to the trust. The Trustee has the fiduciary duty to effectively manage the res of the trust, therefore they have been given "legal control". The Beneficiaries stand to own the res at some point, but until it has vested, it is the Trustees that rule.

As long as this is done, the trust can be named whatever you would like to name it, i.e. it doesnt have to incorporate either of your names. It could be called My NFA Trust, and as long as you and your wife are listed as trustees, you may have possession. I think that a lot of people get caught up on this b/c from what I hear, the computer trust programs automatically name the trust after the Grantor/s.