Re: Setting up a NFA trust with Willmaker?
WABob I am glad the program worked for you but i would STRONGLY advise people not to use Willmaker or similar programs. I am sure they make excellent trust but they know nothing about the requirements for a NFA trust.
For example most trust i have seen from lawyers who specialize in NFA trusts include language about what is to happen to the items upon the trustees death if the beneficiary is under the age of 18 or a felon and can not own NFA items.
There have been multiple occasions where the ATF has approved transfer to trusts (mostly from willmaker and similar) without reviewing them and upon subsequent transfers they actually read it and find it invalid. When this happens the trustee is given two options: 1) Surrender the items that were transferred to the invalid trust or 2) setup a new trust and transfer the items and pay the taxes again.
If you are going to have more then one or two NFA items spend some time searching for a lawyer who charges a responsible fee.