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pgg - what's a rough cost estimate for setting up a trust? Is there a lawyer aspect involved that having a lawyer friend could cut the cost some?
I think we paid $400 or $500 for it (which included time and discussion and advice beyond just the document from a qualified attorney). Kind of expensive, but in the grand scheme of an NFA owning hobby, it was fast eclipsed by the subsequent tax stamps and actual item costs. I think between my brother and I we now have a dozen or so stamps, mostly suppressors.
We found an attorney in our state of residence who has done a lot of them, referred by http://www.guntrustlawyer.com/ ... If you like I can PM the details to you.
Most people do go for cheaper options, and some even set up their own without an attorney using various legal software. But there are apparently some subtle nuances to firearm/NFA Trusts, or at least that's what the lawyer who took our money said. 🙂
When ATF waits are 6+ months already, I wouldn't want to risk any paperwork delays. Also I'm naturally paranoid when it comes to owning stuff that carries felony convictions if done improperly. I'm not saying $500 is the threshold for a good lawyer, but I wouldn't use Quicken EZ-Legal Forms Deluxe. 🙂
