Whether you have had your trust for some time or you’ve recently purchased your trust and already need to make changes, NFA Lawyers makes updates possible and easy by providing an Instructions and Forms packet. This packet contains all of the amendments you will need as life and circumstances change. Amendments override what was written in the original trust, so any changes that need to be made to a notarized trust will be accomplished with an amendment.
Updating Your Trust’s Address
Whether you are moving across town or to another state completely, it is possible to update your trust’s address with the Change of Address Amendment. You will simply print out the amendment, fill it out with the new address, and attach that amendment to the back of the notarized trust.
If you plan on purchasing an NFA item after the address change, you will make sure to submit the Change of Address amendment along with the copy of the trust when supplying your paperwork to the ATF for the new tax stamp application so they recognize the trust’s address has changed.
Changing Your Co-Trustees
Your co-trustees are anyone over the age of 18 that you want to legally possess the property listed in your trust. You may have children who have recently turned 18, you listed your fiancé and you need to reflect her name change, or you have a hunting buddy that you want to temporarily add so they can take possession of your suppressor while on a hunting trip.
Whatever the circumstances are, NFA Lawyers makes it easy to update your list of co-trustees whenever you need to. Print out the Change of Co-Trustees amendment, fill that amendment out with everyone you want included in that section from here on out, and attach it to the back of the notarized trust.
You are able to use this amendment as often as you would like to modify your co-trustees, so you can use it to permanently or temporarily add and remove co-trustees. Whenever you print out a new Change of Co-Trustees amendment, shred the previous one so they do not conflict with one another.
Remember that this amendment overrides the original document, so include every co-trustee’s name on this amendment that you want listed in this section.
Changing Your Beneficiaries
Your beneficiaries can be any age and they are who you want to inherit the trust property when you pass away. The beneficiaries in your trust may change as you have children, if your children end up showing no interest in your trust property, or if you have someone else you would like to add as a beneficiary after the trust is initiated. You are able to update the list of beneficiaries at any time with the Change of Beneficiaries amendment. You will print out that amendment, fill it out with all beneficiaries’ names, and attach it to the back of the trust.
This amendment can also be used as often as you need to and overrides what was written in the original trust document, so include every beneficiaries’ name on this amendment that you want listed in this section.
If you apply for a tax stamp after these changes have been made, you will include a copy of the amendment with the trust when submitting your application to the ATF.
When can you make changes to your trust?
You are able to make changes to your trust at any time. We recommend making changes when all tax stamp applications are approved. If you make changes while in an active tax stamp application, you are required to notify the ATF of those changes. If you are making changes when you are not in an active application with the ATF, you are not required to notify them of those changes.
If you choose to make changes while you have a pending application with the ATF, you will have to get in contact with the examiner handling your application and provide them with the amendment making those changes.