I did some searching and did not find a suitable answer, If I missed it I do apologize in advance.
I am having an attorney do up a will for myself and wife, medical proxies for both and creating a trust for the house. My wife and I are both Class A holders and my son who is six obviously is not.
I am thinking of putting a SBR in the trusts name with myself and wife as trustees. Any risks in doing so and we will stipulate that in the event of both of us passing that NFA item will need to be sold, since there will be no properly licensed party responsible for that item.
Or do I pay to have an additional trust created just for the NFA item?
Thoughts are appreciated.
Bruce
I am having an attorney do up a will for myself and wife, medical proxies for both and creating a trust for the house. My wife and I are both Class A holders and my son who is six obviously is not.
I am thinking of putting a SBR in the trusts name with myself and wife as trustees. Any risks in doing so and we will stipulate that in the event of both of us passing that NFA item will need to be sold, since there will be no properly licensed party responsible for that item.
Or do I pay to have an additional trust created just for the NFA item?
Thoughts are appreciated.
Bruce