What are the benefits of the Texas NFA Trust over the Corporate and individual form of ownership?
a. No filing fee or annual fee b. There are requirements that the Trust be field with the Secretary of State c. The trust documents and the assets of the trust remain private. d. No CLEO signoff, no photos, no fingerprints and NO BEGGING the government for permission to exercise your Second Amendment rights! e. The ability of anyone who is a trustee to be able to lawfully possess the weapons. 3. Can my friends and I form a Revocable living Trust and put weapons regulated by the National firearms Act into the trust? This is possible. However the Settlers/Grantors need to be aware of the implications of doing this. Concerns include what happens when the friendship ends, where the items regulated by the national firearms act are stored and positive control of the items regulated by the national firearms act. Each Settlor and trustee may have legal liability for the actions of the other so this form of Trust ownership is to be entered into with much careful consideration. I generally recom
