Quote Originally Posted by XC700116 View Post
Reading the text of that, I would say that anything the trust holds before the law goes into effect is grandfathered. IE GET IT DONE NOW!!

I would also venture to guess that as long as the item/firearms stays in the trust, an added trustee would not have to have BGC's for each and every item. Because they are added to the trust, not an item added to the trust.
Nope. There is no grandfathering language. What it says is that even though items are in a trust you still need a BCG to transfer them between members of the trust.

SHALL BE INTERPRETED TO REQUIRE A BACKGROUND
22 CHECK OF EACH MEMBER, PARTNER, OFFICER, OR OTHER PERSON WHO
23 HOLDS A BENEFICIAL INTEREST IN THE CORPORATION, ASSOCIATION,
24 PARTNERSHIP, OR LIMITED LIABILITY COMPANY OR TRUST.

Now of course that is what the law says. It is up to you if you want to comply.