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Why wouldn’t it go via Form 5 tax free as long as they were named beneficiary?
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You are correct. Where I was going with that was "paperwork/process free". They wouldnt have to pay the $200 (or $400 if out of state), but they would have to go through a process to get them transferred.
So the reason for the trust is to avoid that because in X number of years you don't know what that process or gun laws are going to look like. Maybe they ban a certain item from ever being transferred again, maybe they get rid of the Form 5 and make it $5000 a transfer to account for inflation, who knows. Also, you don't want those items in probate in and unfriendly state, nor to you want them sitting indefinitely with someone who not party to the form 1 or 4. It's more of a convenience thing with the suppressors since they're fairly cheap......machine guns is where you're doing the trust to make damn sure they stay in your heirs' hands, with little to no intervention by "the man".