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So sorry but I don't know much of anything about trusts. Is there any reason, other than a faster form 4 processing time, to have a trust established?
Currently, there are some possible changes coming, there are several "advantages". The biggest reason that trust became so popular are for guys like me that had LEO's that would not "sign off" on them. The funny/sad part is the sign off is basically a local background check......
With a trust you do not need an LEO sign off, finger prints or passport photos. So that made things a little cheaper and easier. Since finger prints did not need to be run at the ATF it was a little faster there also.
The other real big win with a trust over "individual" is who can have legal possession of the item(s). With an "individual" you are the ONLY person allowed to be in possession. Say you are married or have a father/son/uncle/awesome friend/ect that you would like also to be able to have legal possession of it, a trust can do that. Or for a more simple one, if you are married, even leaving access to your NFA items in the house could get you and your wife both felonies for illegal transfer.