Honestly, I'd talk to a lawyer. Here's what I'm kinda thinking, either create a second trust for everything not NFA and move it there now with their names on it, and then use your current one for the new items and remove their names from it with say just your wifes on it (so she'll pass the BGC) and then when they are old enough add them as trustees. Granted if you both are killed in a plane crash the NFA stuff is lost, but it might be the best work around for now.
But here's the question and some here may be able to answer it, currently, do you have to do a CBI BGC/4473 on NFA items, once you're approved by ATF?
I haven't actually gone through the process yet as I was waiting for this shit to get sorted out before hand as I didn't want to get hung up in the middle of the process with a law change.

