What happens to your NFA items when you die?


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TheGewehrGuy
July 23, 2011, 10:18 PM
NFA full-auto guns are big money! An MP5 is around $20,000!

What happens if you die unexpectedly? Does the government just seize your guns? Or can they do a background check on your son/ daughter and give it to them?

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ZombieKiller57
July 23, 2011, 10:29 PM
you can put them in a trust and then pass the trust on in the will

GoingQuiet
July 23, 2011, 10:29 PM
It passes on to your heirs as you dictate in your will or your trust. There is no forfeiture, contrary to what you heard at the gun show.

SharpsDressedMan
July 23, 2011, 10:52 PM
Many get "lost" in the shuffle, with no papers or transfers, no record, no accountability, etc..................

TheGewehrGuy
July 23, 2011, 11:02 PM
Where did you get the gun show idea?

And no I was actually watching some show where they open a storage room at a big lot, (just a little one for chairs and stuff that you don't want in your house but still want to keep), and a bid group of people big on whatever is inside like an auction. And they aren't allowed to look inside and see what there actually is in there.

One happened to be owned by a FFL dealer, and no one knew what that meant except one guy, who bid $500 for it, and there ended up being over $5000 in guns in there (its funny cause he picked up a Sig P226 and said "Oh a 9mm, I could get probably around $200 for it").

Well anyway there was a dummy thompson that if it were real and full auto, a gun dealer told them that they would be felons and it would be turned into dust by the government and all that BS.

Different idea, but it somehow got me thinking how to pass them onto my kids when I die eventually.

dogtown tom
July 24, 2011, 12:51 AM
TheGewehrGuy:...What happens if you die unexpectedly? Does the government just seize your guns? Or can they do a background check on your son/ daughter and give it to them?
Your heirs have a grace period to file a Form 5 for a tax exempt transfer of any NFA firearms.

http://www.atf.gov/forms/download/atf-f-5320-5.pdf

Sam1911
July 24, 2011, 01:31 AM
Your heirs have a grace period to file a Form 5 for a tax exempt transfer of any NFA firearms.

http://www.atf.gov/forms/download/atf-f-5320-5.pdf


And THAT's the answer.

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