@Chance's thread and the specter of substantial anti-gun governmental sentiment has me thinking about establishing an NFA Trust, particularly for the acquisition of silencers. I'm a Texas resident, but reside part-time in a non-silencer friendly state (IL.). As a result, my NFA items would have to stay in Texas, when I am in IL.
To make things easier, I think I want to establish a trust - because the NFA item(s) in question would be stored at my permanent residence in TX, where multiple adults live.
It seems, if I lock the NFA items away and only I have the key, I do not need to have those individuals be co-trustees, but it also seems it would be simpler to have them be co-trustees to avoid any potential problems. Is this a correct understanding?
Since the passage of 41F - it's unclear to me what has primarily changed in trust formation.
I think it's that for all pending Form 1 or Form 4 applications - all co-trustees must submit fingerprints and a passport photo?
But my understanding is that if I am the sole trustee and I acquire the tax stamp first, I can then add co-trustees without them needing to submit anything beyond the questionnaire from the ATF?
Do I have to wait for the ATF to acknowledge the amended trust, prior to allowing the co-trustees to possess the NFA items?
If I have it correct - that I do not need to have all individuals in the residence listed as co-trustees, assuming only I possess the means to access the NFA item, but they can be added at a later date without any issues, once I have the tax stamp and NFA item in question...Then the last question is -
Who should I use to establish my NFA Trust?