Originally Posted by
ExecDirector
It's a great unknown. There is no proscribed time frame for OMB to finish the new forms proposals and then get the whole thing published in the Federal Register for the required public comment.
My *gut* tells me that it should be done by the end of the year. But that is nothing but a guess... Ideally, the new forms will include the silly citizenship requirement statements and have the excellent side benefit of eliminating that part as a separate process...
As for trusts... NFA Branch has already tightened up on this. They actually check to make sure that your trust is correct and proper for your specific state, etc. Many of the cut and pastes that folks have been grabbing off the net to save a buck are absolutely worthless if improperly applied or used. Same goes for many applications of Legal Zoo, Quicken, etc. The documents just do not accomplish what they need to do to be legal and proper. I always boggle when I hear of folks willing to plunk down $20k for a machine gun, but will not spend the $400 to get their docs done right by a lawyer who actually knows what he/she is doing on NFA items.
There is also an effort to formalize what many FFL/SOT's have been doing as a matter of course. When *I* deliver an NFA item to a trust, LLC, or other corporation, I always run a NICS on the actual person that is taking physical delivery. There have been cases of prohibited persons receiving and being in possession of NFA items via the trust/corp route and doing the NICS check for this gives one more layer of confidence.