I spoke to one of my BATFE contacts last week who is a “Specialist” in the Branch. He and I had a lengthy discussion and he confirmed my beliefs about NFA concerns regarding trusts.
One thing he made a point of is that the NFA review of trusts or other entities is done to assure administrative sufficiency – not legal validity.
So, as I stated before, a trust might be approved for transfer and still be legally invalid…
This has been my concern about folks using free or conventional living trusts all along, rather than purpose-built gun trusts.