yesAssuming that you have created a valid trust, it will probably be OK. Its hard to tell without reviewing the document and what your personal circumstances are. Some of the areas that you should look at are:
1) does the successor trustee have the ability to determine if the transfer to the beneficiaries is a good idea - can they dispose of the assets.
yes2) can you trust be modified to change the grantors or settlors at a later time to avoid a transfer if they are not permitted in the future.
nothing has been purchased yet as either an individual or by the trust, so all purchases in the future would be by the trust3) were the items purchased correctly - most people using form trust purchase as an individual and then transfer to the trust, but the Form 4 only gives permission for the dealer to transfer to the trust. This creates 2 violations of the NFA.
I'll have to check and perhaps update this (I haven't created the trust yet, just started writing it out)4) does the trustee have the ability to purchase firearms and use them even though it will create potential liability to the beneficiaries ( can your beneficiary sue the successor trustee for using the items if they are devalued because of the use)
see above5) can the trustee or successor trustee avoid a transfer of other NFA restricted items if the transfer is not completed correctly or must they accept them as almost all other trusts mandate.
yes, there are custodians set up for those under 21 until they reach 21 and any transfer must be to someone who is both over 21 and legally able to possess both firearms and NFA firearms in their current place of residence. If one of the beneficiaries is not able to posses NFA weapons, then the property is to be divided equally (as determined by appraised monetary value) between those who can.6) can the successor trustee wait to distribute the items if the beneficiary is not ready for them(maturity wise) or if the are located in a state where they are illegal (would the trustee be able to tell if they were illegal in that state) or must they distribute them upon the ending of the trust or when the beneficiary reaches a certain age.
Again, I'll look at the document and verify and/or change thisQuicken trusts end 120 hours after the death of the grantor and become irrevocable upon the death of the first beneficiary. This can cause major problems and does not allow the trustee time to transfer them. This results in the successor trustee being in possession of a NFA item that they do not have the permission to be in possession of. Only the trustee had permission and upon the ending of the trust there is no "trustee"
I'm sure you would, but right now I'm a bit wary of lawyers in general and certainly of ones offering services that they charge an arm and a leg for....no offense meant. PM me with your rates to review/modify and we'll see. I'm also considering going the corporation route, while more expensive, seems to be a bit more on solid legal ground.There are many other issues that a normal trust does not deal with that are unique to firearms and NFA ownership, possession, and transfer. If you would like me to review your trust, I would be happy to do so.