Yeah, by the response here it's not a common route I would bet. Or just not known here. I'll go to the guy 'out west' with the real firearms questions. He runs the right guns, and he usually has the right answers.
Here is about the best write up I have seen on NFA trusts:
www.86th.org - Getting started in NFA with a Trust
All I have to say is don't go cheap. It may cost you in the end. I was tempted to do the Quicken trust and all those "fill in the blank" trusts, but I chickened out. I was tempted because of finanancial reasons; I couldn't afford a good trust AND the NFA items that I wanted. I decided to just save up until I could afford to do it right. The NFA toys game isn't cheap, so don't try to make it something that it isn't. I did a "Gun Trust Lawyer.com" trust for $600 and had it all done for me with no additional worries.
Just recently there was a case where a guy had purchased 1 or 2 NFA items on a homemade trust. He applied for another and the ATF caught a mistake that made his trust invalid. They attempted to confiscate his NFA items because of that mistake. After he paid big bucks for a lawyer he was luckily able to keep his NFA items and clear things up with the ATF. Is it really worth it to you? If you go cheap, and make a mistake, you may lose a whole lot more than that $600 would've cost for the trust. At a minimum you'll have lawyer fees and you may even lose your toys. So just ask yourself if its worth $600 for peace of mind.
All I have to say is don't go cheap. It may cost you in the end. I was tempted to do the Quicken trust and all those "fill in the blank" trusts, but I chickened out. I was tempted because of finanancial reasons; I couldn't afford a good trust AND the NFA items that I wanted. I decided to just save up until I could afford to do it right. The NFA toys game isn't cheap, so don't try to make it something that it isn't. I did a "Gun Trust Lawyer.com" trust for $600 and had it all done for me with no additional worries.
Just recently there was a case where a guy had purchased 1 or 2 NFA items on a homemade trust. He applied for another and the ATF caught a mistake that made his trust invalid. They attempted to confiscate his NFA items because of that mistake. After he paid big bucks for a lawyer he was luckily able to keep his NFA items and clear things up with the ATF. Is it really worth it to you? If you go cheap, and make a mistake, you may lose a whole lot more than that $600 would've cost for the trust. At a minimum you'll have lawyer fees and you may even lose your toys. So just ask yourself if its worth $600 for peace of mind.
Ditto request. I have heard of the ATF holding guns pending the corrections of paperwork but I have not heard of people loosing NFA items for incorrect paperwork. Well other then me but I did not loose it the ATF just changed its status and that is a whole other story.Linky please. I have not heard of this one...