The API Law Gun Trust does not use a "Schedule" to list all Gun Trust property. Rather, the Grantor will transfer NFA regulated items to the Gun Trust using a separate Assignment Form. This Assignment Form cannot be used until the AFT has approved the registration and issued the Tax stamp.
The Assignment Form is NOT part of the Gun Trust; it merely offers proof of transfer to the NFA Trust. By eliminating the schedule of firearm ownership from the Trust itself, the Grantor and Trustee are not required to provide a list of all firearms owned by Trust when making later application for new NFA regulated items.
If an owner of an NFA regulation firearm creates a Gun Trust and desires to transfer the firearm to the newly created Trust, the transfer will require the submission of ATF Form 4, a background check and the payment of the $200 stamp tax. (Since the Grantor is the owner of the firearm, the Grantor can maintain possession of the item while the transfer is being processed by the ATF.)
When the Grantor dies, the Trust continues to own the property that has been assigned to the Trust. Naturally, those named as Trustees can continue to possess and use the NFA regulated firearms owned by the Trust.
PLEASE NOTE - Upon the completion of your Gun Trust documents we will provide your Assignment Forms to you as well as detailed instructions on working with the ATF.