The BAFTE will no longer accept a certificate of trust with a Form 1 or Form 4 application for the purchase of Class III items. According to the person in charge of reviewing all trusts, all applications without the declaration of trust will be rejected.
There are many unique issues with Class 3 ownership and the typical trust does not deal with these issues. Please review the information on NFA Gun Trust to protect yourself and your family from the $250,000 penalty and 10 years in jail which are associated with the improper transfer or possession of these items.
To find a lawyer in your state who can help with a NFA Gun Trust please Contact an Estate Planning Lawyer