Armory Sponsor
Posted: 9/29/2014 2:45:47 PM EDT
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I had a question that is hopefully easy to answer.
My trust has 15 pages and page 14 is my assignment sheet. When i originally filled out my trust paperwork, I added a dollar for the first asset. The assignment sheet was dated and signed by two witnesses. How do I add new items? Since it was dated and witnessed, I cannot just add the items to the same sheet. 1. Print a new page 14 and add only the item that is transferring today.Thus having two page 14's 2. Print a new page 14 but label it as 14b and only assign what is being transferred today. 3. Print a new page 14 but add both items. This doesn't seem possible because when I transfer a suppressor in a few months, there would be an incorrect date because I would have followed this same method and the transfer dates would be incorrect(for the date of the items transferring today). -Steven |
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Adding things to the trust is a formality of sorts: keeps things tidy if/when it's time to transfer things (as in to your heirs); doesn't much matter until then.
As such, I add my items in batches when convenient. I have several items approved and two items (cans) pending which I don't expect to be approved until well into next year. They'll all get added when the last two are approved...unless I get something else between now and then. 
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Quoted:
Adding things to the trust is a formality of sorts: keeps things tidy if/when it's time to transfer things (as in to your heirs); doesn't much matter until then. As such, I add my items in batches when convenient. I have several items approved and two items (cans) pending which I don't expect to be approved until well into next year. They'll all get added when the last two are approved...unless I get something else between now and then. I've heard that as well. Which way would you go though to assign it to the trust? I would think the 2nd option but I'm not really sure. Option 1 conflicts with existing docs and option 3, even if transfers are formalities, is not listing correct dates. |
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Quoted:
Add it to the trust and add new date and witness signature. Doesn't have to be same witnesses. If I had trustees I would get them to be the witness I am leaning towards printing another page 14(assignment sheet) and labeling it 14-b. Keeping the original dollar on the original 14 and adding the new item to 14-b. When my suppressor is approved, doing the same and labeling that page 14-c. The original assignment sheet is dated and witnessed at the bottom so I don't really want to add the items to the original sheet. The witnesses signed that the dollar was added on that date not anything after. |
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I guess it depends on how the language in your trust is set up. For my schedule A, I have a word document where I put the name, description, type and date of transfer of the item in question.
I then digitally sign as grantor and print out a copy that replaces the last one. I store the older copies but only the most current copy of the sched A is attached to my trust copy. The original ink trust and schedule A have been locked and put away for some time now. 
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Quoted:
I guess it depends on how the language in your trust is set up. For my schedule A, I have a word document where I put the name, description, type and date of transfer of the item in question. I then digitally sign as grantor and print out a copy that replaces the last one. I store the older copies but only the most current copy of the sched A is attached to my trust copy. The original ink trust and schedule A have been locked and put away for some time now. http://i.imgur.com/r42mOEF.png That's how mine is setup as well. |
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KEEP IT SIMPLE. DON'T OVER THINK/OVER COMPLICATE THE PROCESS.
The item is already "in" the trust by virtue of the fact that the trust created/purchased the item. As stated, transferring it on paper is a formality. It's just like buying a regular firearm: you buy it, you own it; you don't have to then transfer it to yourself. Trust makes/purchases item, it is owned by ("in") the trust. I add items in batches with the approval date as the date added: simple, done. |
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Quoted: Not to intrude but I was going to leave mine blank until I get my stamp back and then get witnesses to sign it.. Is this right? And then just write in items as I receive the stamps. But your supposed to get witnesses to sign it everytime you add something? |
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Any stamps you receive are already in the name of the trust and cannot be removed without filing a Form 4, so there's really no need to list individual items anywhere... Quoted:
Quoted:
Not to intrude but I was going to leave mine blank until I get my stamp back and then get witnesses to sign it.. Is this right? And then just write in items as I receive the stamps. But your supposed to get witnesses to sign it everytime you add something? Nobody listens, ALP. My answer: I add them in batches by giving the data to my lawyer; she does the paperwork. The only reason I do so is to help someone who doesn't know what's what figure out what's what should something happen to me and, as stated, it's a formality. |
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