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uber n00b
Join Date: Jul 2012
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My parents live in California and own four guns. Their trusts say that the first spouse to die leaves everything to the survivor, and the survivor then leaves everything to the four children, to be split equally. There are no specific gifts of anything. My parents are in good health, but eventually my siblings and I are going to be faced with the issue of what to do with the guns, so I thought I'd ask for advice (my in-laws and their lawyers are circling like vultures around my aged father-in-law, so wills are on my mind right now).
One of the guns is an M1 Garand, I believe it was army surplus. I remember my Dad having to go through a background check and qualify on the shooting range, so I'm sure everything's legal with that gun. Another is a basic .22 rifle which he's had since at least the '70s. Then there's a replica revolutionary war musket; I think he bought it in '76. I'm sure he complied with all the laws at the time. Possibly the stickiest one is a Colt M1911 which was my grandfather's sidearm in WWI. I'm not sure if it was legal, but he kept it after the war and left it to my Dad when he died. My three siblings live in California while I live in Nevada. My sisters have no interest in guns. My brother would probably take any or all, but I don't think he has a strong desire for any of them. I'd love to have that Colt, but I don't care much about the others, and I'd let one of my siblings take the Colt if it turned out they really wanted it. I'm wondering what kind of registration requirements there are for inherited guns, and if it's a problem that the trust just says split everything four ways rather than this person gets this gun and that person gets that gun. It would be pretty awful to have to go to probate court just to fix the title to the guns. Nobody involved has any kind of criminal record or special restrictions on owning guns. |
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Biker Trailer Trash
![]() ![]() Join Date: Feb 2009
Location: Pahrump
Posts: 8,408
Mentioned: 6 Post(s)
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Quote:
Thanks.
__________________
- ![]() USN gunner, '76-'80. Government is not the solution to our problem. Government IS the problem! Ronald Reagan - ERROR 406: file corrupt: config.america -- reboot constitution? (Y/N) - "The proud American will go down into his slavery without a fight, beating his chest, and proclaiming to the world, how free he really is. The world will only snicker." Stanislav Mishin, Pravda |
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uber n00b
Join Date: Jul 2012
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uber Member
Join Date: Sep 2010
Location: Las Vegas
Posts: 351
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Sorry, thought I would help out. Won't do that again unless it is in a non-sponsor forum.
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#5 | |
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Attorney
![]() Join Date: May 2010
Location: Henderson
Posts: 495
Mentioned: 4 Post(s)
Tagged: 1 Thread(s)
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Quote:
Just because there are four guns does not mean one goes to each sibling. I suspect there is other property in the trust as well. If the only condition is that the property be distributed "equally," then that is all the trustee must do. That could mean four guns to one sibling. or three guns to one and one to another, or any variation thereof. So long as the property distribution is "equal," the trustee is ok. However, there really aren't enough facts to give you a solid answer. And I don't know CA law. That's the best I can come up with.
__________________
Nevada NFA Gun Trusts http://nevadafirearmslaw.com Las Vegas Small Business Blog No information you obtain from this forum post is legal advice, nor is it intended to be. You should consult an attorney for individualized advice regarding your own situation. No attorney-client relationship is formed by viewing this forum post or the content contained herein. |
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#6 |
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uber n00b
Join Date: Jan 2013
Posts: 2
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Does having an NFA trust guard against future/possible gun legislation prohibiting/regulating the non-NFA trust transfer of Title 1 weapons to heirs by a decedant? This is, I believe, categorized by BATFE as a "non-voluntary" transfer. Sen. Feinstein's proposed legislation would disallow transfer of said weapons to heirs upon death, thus making the weapons award of the State.
Could you please briefly summarize the benefits and disadvantages of having an irrevocable NFA trust? |
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#7 | |
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Attorney
![]() Join Date: May 2010
Location: Henderson
Posts: 495
Mentioned: 4 Post(s)
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Quote:
As to your second question, is that in general or vis-a-vis any proposed gun control legislation?
__________________
Nevada NFA Gun Trusts http://nevadafirearmslaw.com Las Vegas Small Business Blog No information you obtain from this forum post is legal advice, nor is it intended to be. You should consult an attorney for individualized advice regarding your own situation. No attorney-client relationship is formed by viewing this forum post or the content contained herein. |
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#8 |
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uber n00b
Join Date: Jan 2013
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#9 | |
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Attorney
![]() Join Date: May 2010
Location: Henderson
Posts: 495
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Advantages of a trust are: Skip photographs Skip fingerprints Skip CLEO sign off Multiple individuals can possess as co-trustees Transfer to beneficiaries upon Trustor's death is via a Form 5 (no stamp tax paid) Disadvantages: Initial set-up fee (although I think $199 isn't that bad) Might not make sense for only one NFA purchase/transfer
__________________
Nevada NFA Gun Trusts http://nevadafirearmslaw.com Las Vegas Small Business Blog No information you obtain from this forum post is legal advice, nor is it intended to be. You should consult an attorney for individualized advice regarding your own situation. No attorney-client relationship is formed by viewing this forum post or the content contained herein. |
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