Re: List of NFA Trust attorney's by state?
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: JeffBeck</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Doogie</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Doogie</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: MontanaKid</div><div class="ubbcode-body">Does anybody know if I can be the only one on my trust? I might add people later, but for now, it's just me. </div></div>
I think there has to be at least one other person to set up a trust. Or kids to leave the NFA items to. My understanding (quite limited so take it as you will) is that you are setting up an agreement with two people and placing common goods into that trust. </div></div>
Talked to my lawyer sister and I was wrong you can set it up with just one person. </div></div>
Nope, you need a Trustee (Settlor) and a Beneficiary that IS NOT THE SAME AS the trustee. Lawyers can be idiots, so you know (or at least, they can mis-use the language just like the rest of us). </div></div>
I guess I should clarify. You don't need two grantors, but yes you do need a trustee and a beneficiary. Language wasn't misused, I just didn't fully explain that I was talking about just the grantors, not beneficiaries.