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I currently have no NFA items, but am going to purchase three silencers and depending on how the pistol brace regs work out SBRing up to four rifles. I'm considering a NFA trust mostly to avoid having to engrave my name on the rifles, and frankly the extra trouble and expense would be worth it to be able to engrave something like "FJB* Gun Trust" instead. I also like the beneficiaries aspect since I am near retirement and won't have children to leave them to once my wife and I are gone. Her children unfortunately played stupid game and lost their Second Amendment rights.
My questions are about co-trustees and fees:
* Freedom and Justice Baby. Also considering Liberty, Guns, and Bacon
My questions are about co-trustees and fees:
- If I have myself and my wife in the trust to begin with, how many tax stamps are needed for each NFA item? One each or one total? What other expenses are incurred?
- If I am the sole member of the trust and have seven NFA items and then add my wife or someone else later what expenses are incurred? Additional tax stamps? What else other than the paperwork for adding her?
* Freedom and Justice Baby. Also considering Liberty, Guns, and Bacon