Armory Sponsor
Posted: 11/12/2009 5:02:30 PM EDT
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I am pretty convinced I am going to take the C&R plunge and had one last question. What happens to my C&R collection upon my death. I want the guns to stay in the family and to my son when he is of legal age. If I get an SBR's on the C&R, what happens to them. I want to make sure that everything is in place before taking the leap. BTW I am in MO so that is why I need to C&R for the SBR.
TIA. |
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Quoted:
I am pretty convinced I am going to take the C&R plunge and had one last question. What happens to my C&R collection upon my death. I want the guns to stay in the family and to my son when he is of legal age. If I get an SBR's on the C&R, what happens to them. I want to make sure that everything is in place before taking the leap. BTW I am in MO so that is why I need to C&R for the SBR. TIA. If you leave the guns to him in your will, they're his when you die. Any NFA firearms left to your survivors are theirs, they will have a grace period in order to pay for their own tax stamp. If you use a trust for your NFA firearms, just make your survivors members of the trust. if you have a family, you need to have a will. |
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Quoted:
Quoted:
I am pretty convinced I am going to take the C&R plunge and had one last question. What happens to my C&R collection upon my death. I want the guns to stay in the family and to my son when he is of legal age. If I get an SBR's on the C&R, what happens to them. I want to make sure that everything is in place before taking the leap. BTW I am in MO so that is why I need to C&R for the SBR. TIA. If you leave the guns to him in your will, they're his when you die. Any NFA firearms left to your survivors are theirs, they will have a grace period in order to pay for their own tax stamp. If you use a trust for your NFA firearms, just make your survivors members of the trust. if you have a family, you need to have a will. Depends on how they were owned and how they get transferred. If individually owned and appropriately willed to an heir in an estate, you can inherit NFA items on a tax-exempt F5. If it is being transferred out of an existing entity, a F4 with tax would be required. I believe this would also be required for those receiving the benefit of a trust (i.e., not taking over the trust, but rather that the property is left to them). Best to seek legal advice if you want a real answer. Quoted:
Would it be a bad idea to send in my C&R and my form 4 for my first SBR at the same time or should I get the C&R back first and then send in the form 4? Best asked in your HTF, as the requirement for you to hold some type of FFL for NFA ownership is solely a state restriction. I'll just say that turnaround time on a C&R license is WAY faster than a F4 these days. |
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