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Another member sent this to me. It has worked for him and as far as I can tell is totally legit.
Ok, here's the deal. I'm not a lawyer, I could be full of shit. All I know is I did this, and ATF sent me form 1's and form 4's with tax stamps on them.
Get Quicken Will Maker, or Cosmi Platinum Wills, Living Wills and Trusts I JUST PICKED UP THE COSMI SOFTWARE FOR 10 BUCKS AT COMP USA or some derivative thereof.
You can do lots of legal stuff with it; make a will, make a lease, adopt a child in peru… Look for 'revocable living trust', or ‘Living Trust’. That's what you want. It will ask you a bunch of questions, kinda like Turbo-Tax.
When you’re done, your trust will probably end up with a name like 'The Otis W. Washington and Laqueesha L. Washington Revocable Living Trust'.
Unless you want to engrave that on the side of your SBR, you need to export a text version of the trust and change it to say '...which will be known as the OL Trust', or something more engravable, cause it won't let you dick with the text in the program itself. There is actually a line in the document that says ‘The Otis W. Washington and Laqueesha L. Washington Revocable Living Trust, which shall be known as The Otis W. Washington and Laqueesha L. Washington Revocable Living Trust’. Just change the second name to whatever you want to call it (i.e., engrave on your stuff).
This is apparently not the case on all Legal Docs software, but it does apply to Quicken.
If you use the 'print' function to print the trust, rather than ‘export’ it (as a TXT or RTF file), it will ask you if you’ve signed the forms. If you tell it ‘yes’, it will lock them up and not let you change them without an amendment. I guess that keeps everything nice and organized, but I never told it I signed mine so I can make changes, then ‘export’ a new version if I want to. If you hit the ‘export’ button, it will barf out an RTF or a TXT file or something similar that you can actually edit. Remember, it is a revocable, amendable trust, so that’s cool. I think. Besides, the notarized documents are the legally binding document, not the stuff on the computer. But I digress…
Smart people say that if you want a trust for your real estate, or your Star Wars action figure collection, you should make a completely different one. Keeps things nice and tidy for tax time, too.
Some people say you should put your wife on the trust, so that way if the safe is open, or you give her the combo, nobody will get in trouble if the feds raid your place at that particular moment.
Some people say that if you die, and leave your guns to your kid, he won’t have to pay transfer taxes on everything, just do some paperwork. The trust can own them until he’s old enough, if your kids are under 21.The software may ask you about this, and put it in the trust if you want to go that route.
Your computer will also barf out lists of stuff that you/the trust owns; Stuff you own by yourself, stuff your wife owns by herself, and stuff you own together. Once you get an approved form 1/4 back, you have to add it to the property list. Don’t forget! You don’t have to go back into the software for this, it’s just a list on a piece of paper.
You also want a 'Certification of Trust'. That's basically a document that says, 'I have a trust, but I'm not telling you what the details are'. Same as your ‘Declaration of Trust’, that you made earlier, but it leaves out all the ‘who gets what’ and 'stuff I've got' that you really don’t want to tell the feds anyway. Print that out, too. You have to do that separately for some reason. It was hard for me to find where to print that from, but I’m not so bright. I have faith in you; you can find it.
Take everything down to your bank, sign it in front of the cute girl, and have it all notarized for free. I didn’t take my lists of property, because it's not needed, and there wasn’t anything on there yet anyway. So by ‘everything’, I mean the Declaration of Trust, and Certification of Trust.
You don’t have to send copies of your trust to anybody else, if you don’t want to. In some states, you have to file a copy with the state, but not Arizona.
Actually, I don’t think you want to file a copy with anyone, it undermines the whole purpose of the trust. It’s not any ones business but yours who you’re leaving your Star Wars action figures to. The Quicken software will tell you if you need to file a copy with your state, if you’re not in AZ.
File the Declaration of Trust somewhere safe for when you die (like in your safe, or a safe deposit box), you'll need it then. Or somebody will.
Anyway, I sent the following items to the feds. It cost me 63 cents in a number 10 envelope.
• A regular photo copy of the notarized Certification of Trust (about 3 pages, as I recall)
• Certificate of Compliance (AKA form 5330.20 or the citizenship form)
• Form 1 or Form 4, on different occasions
• A check for $200
They sent me an approved form with a stamp on it, both times.
The best part is, you can do all of this in one day, and you don’t have to lick Sheriff Joe’s balls.
Seems simple enough, and done in ONE DAY
D.
AZEX
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AZEX, 17426 E. HUNT HWY. QUEEN CREEK, AZ 85142 www.azex.co FIDEI DEFENSOR
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