Hoop
Well-Known Fanatic
Looking for some help here... Set up a trust for NFA items first of 2013. Long story, financial hurdles, new marriage, etc.. Looking to get a couple stamps purchased, but one of the successor's on my trust was charged with a felony last fall. Was pretty sure he would be found innocent of the charges when he went to trial this month. Didn't happen. He now has a big red F on his head.
My questions are:
1. I'm pretty sure I will need to remove the individual from the trust, but will this affect going ahead and purchasing the stamps?
2. Do I need to re-do the trust immediately, even if they individual is the 5th person down the successor list?
I'm pissed over the deal, and never even imagined something like this could have happened.
Any help in this matter would be greatly appreciated!
My questions are:
1. I'm pretty sure I will need to remove the individual from the trust, but will this affect going ahead and purchasing the stamps?
2. Do I need to re-do the trust immediately, even if they individual is the 5th person down the successor list?
I'm pissed over the deal, and never even imagined something like this could have happened.
Any help in this matter would be greatly appreciated!