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 What happens to NFA items after you die?
#6892875
09/20/17 02:55 AM
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Joined: Nov 2010
Posts: 29,609
SapperTitan
OP
Taking Requests
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OP
Taking Requests
Joined: Nov 2010
Posts: 29,609 |
If you don't have a trust and only go the fingerprint passport route rather than trust? Can they still be left to someone?
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Re: What happens to NFA items after you die?
[Re: SapperTitan]
#6892883
09/20/17 03:02 AM
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Joined: Mar 2011
Posts: 2,062
Toxarch
Veteran Tracker
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Veteran Tracker
Joined: Mar 2011
Posts: 2,062 |
You should ask a lawyer, but I think you can leave them in a Will one time to someone. The next time requires another $200 stamp.
It is far more important to be able to hit the target than it is to haggle over who makes a weapon or who pulls a trigger.
� Dwight D. Eisenhower
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Re: What happens to NFA items after you die?
[Re: Toxarch]
#6892884
09/20/17 03:04 AM
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Joined: Nov 2010
Posts: 29,609
SapperTitan
OP
Taking Requests
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OP
Taking Requests
Joined: Nov 2010
Posts: 29,609 |
You should ask a lawyer, but I think you can leave them in a Will one time to someone. The next time requires another $200 stamp. I have a trust but I was just thinking about it and didn't know the answer. I should have googled first bc there is plenty of info on it. Apparently there is a tax free transfer form5 for these situations.
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Re: What happens to NFA items after you die?
[Re: SapperTitan]
#6893558
09/20/17 08:29 PM
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Joined: Dec 2008
Posts: 4,503
syncerus
Extreme Tracker
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Extreme Tracker
Joined: Dec 2008
Posts: 4,503 |
The interesting question is this: what happens when a proscribed person inherits an NFA item.
It's an interesting issue, and the BATF has already issued policy statements on the subject. It boils down to the proscribed person has ownership for the purpose of transferring ownership but may not take physical possession.
NRA Patriot Benefactor & DSC Lifer
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Re: What happens to NFA items after you die?
[Re: SapperTitan]
#6893803
09/21/17 12:03 AM
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Joined: Mar 2012
Posts: 3,809
Cleric
Extreme Tracker
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Extreme Tracker
Joined: Mar 2012
Posts: 3,809 |
You can use a a form 5 to transfer tax free or destroy and notify atf
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Re: What happens to NFA items after you die?
[Re: SapperTitan]
#6894003
09/21/17 02:40 AM
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Joined: Aug 2015
Posts: 868
Txhillbilly
Tracker
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Tracker
Joined: Aug 2015
Posts: 868 |
If the item is part of a Trust,it stays with the trust.The trust owns the item,not the person that paid for it. One of my best friends passed away in April,his suppressor is in my trust,and now resides in my safe. None of his family was interested in it,and didn't want me to add them to the trust.
Just one more reason to have your NFA items in a trust.
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