Originally posted by JeffK
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Originally posted by landman650 View PostI'm about to pick up a Ruger Silent RS 10/22 takedown...considering not putting it into a trust and just do the individual from what I've been reading here.
That is why I am going trust, even with the wait.
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Originally posted by Outbreaker View PostIssue comes at death. ATF as right now allows for you to pass to your kids without issue (could change at any time). But when your kids die who they leave it to will have to go through the full re-transfer along with the tax.
That is why I am going trust, even with the wait.
*I already have a trust BTW with wife as trustee and 2.5 year old as beneficiary.
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Originally posted by 35remington View PostThis is incorrect. A tax-exempt Form 5 transfer can only go to ONE individual lawful heir.
The issue comes on the second death it becomes messier, I have seen this nightmare and it resulted in a family/Historic heirloom being confiscated by the ATF.
I like to make things easier for heirs.
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Originally posted by Outbreaker View PostThat is what I said. I just did not specify 1 and the form number.
The issue comes on the second death it becomes messier, I have seen this nightmare and it resulted in a family/Historic heirloom being confiscated by the ATF.
I like to make things easier for heirs.
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