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by Bushwhacker
Fri Aug 09, 2019 5:58 pm
Forum: Off-Topic
Topic: Moving my guns to a trust, but not an NFA gun trust
Replies: 5
Views: 3179

Re: Moving my guns to a trust, but not an NFA gun trust

KLB wrote: Fri Aug 09, 2019 4:49 pm Also ask the lawyer whether you are turning an exempt asset into a non-exempt one. This bears upon whether the guns could be taken in partial satisfaction of a judgment entered against you.
Personally I would be more concerned about the primary residence than two firearms. PROP § 42.002
by Bushwhacker
Fri Aug 09, 2019 5:44 pm
Forum: Off-Topic
Topic: Moving my guns to a trust, but not an NFA gun trust
Replies: 5
Views: 3179

Re: Moving my guns to a trust, but not an NFA gun trust

If I pay a lawyer to draft trust documents, I expect them to answer these kinds of questions.

If not, I would ask myself why I'm paying a lawyer instead of using Quicken Willmaker to do the trust. By the same token, if I pay an accountant to prepare my income tax return instead of using TurboTax, I expect them to answer questions and provide a higher level of service than a software package costing 90% less.

That said, Texas doesn't have a universal background check for firearm transfers (yet) so ordinary Title I firearms can be transferred the same as any other asset. However, you haven't paid me, and this isn't legal advice. :lol:

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