Q: 1. If there is a person on your trust that you want to remove, what is the proper procedure? 2. With the new requirement for responsible persons to complete a form 5320.23, what is the procedure for adding a person to a NFA Trust? Do all responsible persons have to resubmit their information along with a new form 4 or only the new responsible person? 3. Since we are required to list all responsible persons on the form 4, does a new form 4 have to be submitted every time a new person is added to the trust?
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