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Armory Sponsor
11/26/2012 9:00:56 PM EDT
Guys Im fkd here in California, although I do have an NFA trust established for AOW's, thats about all I can have here. Can I setup a trust with my best friend in Nevada and have us both listed as the Grantors as well as the Trustees? As for the beneficiarys, this person is my best friend and our plan is that the beneficiaries will be both our kids either/or. Obviously keeping the trust and items in Nevada. He lives in Nevada and I travel there 1-2 weeks a month.

Thanks for any help and your time
11/27/2012 6:41:37 AM EDT
[#1]
I think only one grantor, but you can have him as a trustee. Benficiaries can be anyone.
11/27/2012 6:34:34 PM EDT
[#2]
Can a trustee add things to the trust as well? And we are talking strictly a firearms trust not anything else
11/29/2012 7:13:00 PM EDT
[#3]
Quoted:
Can a trustee add things to the trust as well? And we are talking strictly a firearms trust not anything else


Yes, trustees can add and sell things from the trust.  You can have more than one grantor but it makes your trust complicated.  I usually recommend only one grantor to keep things simple.
Armory Sponsor