Re: Setting up a NFA trust with Willmaker?
I did it, no problems at all. I just purchased the software, installed it and filled out the required info for an individual revocable trust. The software called is going to call it (your name) individual revocable trust. That is a long name to engrave on a homemade silencer, so I exported the document to MS Word and changed the name to WaBob NFA Trust.
You must have some property that the trust can own, so fill in schedule A to include something with a serial number. I used an old rifle; some people use a dollar bill or engrave a knife or other item. You can add and remove anything you want from schedule A at any time, except for controlled items like title 2 firearms. Only add or remove them when authorized by the ATF with an ATF form 1 or form 4.
You will be the trustee. You should designate someone you trust as a backup trustee and you also need to select a beneficiary. Someone also needs to be the grantor, that can be you also. After printing out the trust, schedule A and the assignment of property, get it notarized.
When sending in the trust to the ATF along with the tax stamp application, ensure you send a COPY of the entire trust and schedule A. Your new NFA firearm is not written into schedule A until you actually have the firearm in your possession.
It is a good idea to have a lawyer review it, but they might charge you the same price as having one made by them for you. I have heard of a few people having problems with a trust before or even after a tax stamp application as approved, but I have never heard of anyone losing a title 2 firearm because of a bad trust. But if the ATF ever tells you the trust is no good, your first step needs to be getting a lawyer.