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June 4, 2007, 08:27 PM
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#26 |
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Senior Member
Join Date: August 19, 2006
Location: Denver
Posts: 104
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With the Coporation or Trust, what happens to the NFA goodies you bought after you die? Do you need to have more than one person named in the corporation so that ownership of the NFA items can be maintained...without them ending in probate?
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June 4, 2007, 08:33 PM
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#27 |
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Junior Member
Join Date: June 4, 2007
Location: San Jose, CA
Posts: 6
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Would using this method work in Calif? I've heard that the only ones who can get them here are classIII dealers and the movie makers. Being able to bypass the local anti-gun LEO's would help. Even with muffs and plugs, my ears seem to get more sensitive to gunfire as I age.
Will |
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June 6, 2007, 07:30 PM
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#28 |
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Senior Member
Join Date: April 17, 2006
Location: Grand Prairie, TX
Posts: 694
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You specify who the trust will be transferred to in the event of your untimely demise...
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June 6, 2007, 09:25 PM
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#29 |
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Member
Join Date: June 1, 2007
Location: North Texas
Posts: 22
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After you pass on, the person that you leave the items to completes a form 5(provided they can legally own one) and the items are transfered to them without any additional taxes.
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June 7, 2007, 11:00 PM
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#30 |
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Member
Join Date: June 1, 2007
Location: North Texas
Posts: 22
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Lefthander,
Not sure if you found out or not but no-go in CA. |
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