[ARCHIVED THREAD] - Trust Question and Help!

Posted: 3/8/2011 3:31:05 PM EDT

On the Asset portion of my Trust, my Attorney has put in 1. Ten and NO/100 Dollars ($10.00) cash.
What is this for? Does this have to be on here? When I submit my Form 1 and Trust do I need to include my beneficiary page?
Thanks for the help!

Posted: 3/8/2011 4:34:38 PM EDT

[#1]

If I were you I would call and ask your lawyer, you paid for it.

Posted: 3/8/2011 5:52:40 PM EDT

[#2]

The ten dollars is just so something is in your trust. I don't have anything other then the lower I am SBRing in my trust.

Send a copy of your whole trust with your forms.

Posted: 3/8/2011 6:00:18 PM EDT

[#3]

I was told that in order for a trust to be valid - it must contain property. Since you have a new trust, this $10 makes it a valid trust before sending it to the ATF...

Posted: 3/11/2011 6:09:19 PM EDT

[#4]

Yes, in most states your trust is required to have an asset in it to be valid. So I always put a small amount of money in them when I form them just to make them valid before your NFA transfer is approved. You should always have a non-NFA item in your trust just in case you sell the guns in your trust to buy something else your trust remains valid.

Christopher Bass
Law Office of Christopher Bass
Dallas, Texas
214-596-8314

[ARCHIVED THREAD] - Trust Question and Help!

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[ARCHIVED THREAD] - Trust Question and Help!

[ARCHIVED THREAD] - Trust Question and Help!