Are there any annual reports fees or franchise taxes that are due from the Texas NFA trust?
No. The state of Texas does not require the filing of a franchise tax report or other reports to maintain the trust. 8. Is there a benefit to putting Title I (Non NFA) firearms into the trust? There is no specific benefit to putting title I firearms into a trust except for estate planning. However, a perpetual trust may get the firearms around a California style Assault Weapons ban. 9. I have a dealer who has offered to draft an NFA trust for me. Is that legal or alright? The dealer is practicing law without a license which is a Class B Misdemeanor in the state of Texas. Further, the dealer is accepting a lot of liability if the trust is later found to be invalid. If the dealer is using quicken or legal zoom, see the answer to question 4. Basically, the trust may be valid, it may not be valid, but the dealer is accepting a lot of potential liability by doing this if the trust is later found to be invalid. 10. Will I be the only person who is allowed to use the firearms and items that a
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