Passing a collection to your heirs: - Page 2
Page 2 of 5 FirstFirst 1234 ... LastLast
Results 11 to 20 of 41
Like Tree167Likes

Thread: Passing a collection to your heirs:



  1. #11
    Esteemed Sharpshooter
    Join Date
    Aug 2010
    Location
    Central NY
    Posts
    8,721
    Member #
    17595
    Thanked
    23162 times
    Great information above. Something else to consider is the changing gun laws and universal background checks. They are already the case in some state and I think it will be the law of land( unfortunately) sooner or later. This will mean a cost to give a gun to your heirs. Another good reason to pass them on while you are alive and before the government interferes. As far as getting rid of those that won’t go to a loved one, I recommend an auction house that specializes in firearms.
    Team 1894 member #67 1977 44 mag.
    Team 35 member #256 1964 Sears M45
    Team 444 member #355 1981 444S
    Team 30 30 member #830
    1980 Marlin 3080 Trail Rider & Win 94 Custom Trapper

  2. #12
    Tinhorn
    Join Date
    Jan 2019
    Location
    Ballentine SC
    Posts
    70
    Member #
    142127
    Thanked
    269 times
    I'm 60, my son is 30. I began the process of passing my guns on to him several years ago, one at a time on birthdays, Christmas etc.
    He likes to shoot and is an avid hunter so he appreciates what is being given to him. I've got quite a few years left in me and enough guns to pass along to last me another 10-15 years. If I live long enough I'll always keep a few for around the house up to the day I die.
    "Son, don't be a liar or a thief, everything else will work out fine."- Dad

  3. #13
    Gun Wizard
    Join Date
    Apr 2015
    Location
    NE TN + SW FL
    Posts
    2,357
    Member #
    61381
    Thanked
    4565 times
    I watched my grandparents get robbed in their golden years including what I believe was a very rare Ballard and a clock who's twin is on proud display at the Smithsonian, I know my child could never care for all that's in the big iron box and I'm toying with the idea of calling an auctioneer even as I pursue new acquisitions, marlinitis has crept deep in my bones. but I know none of us live forever.
    if you have children or relatives that would appreciate and care for your treasured items you might as well get the joy of watching them enjoy while your still able.

  4. Remove Advertisements
    MarlinOwners.com
    Advertisements
     

  5. #14
    Wrangler
    Join Date
    Feb 2015
    Location
    East Coast
    Posts
    421
    Member #
    60235
    Thanked
    1183 times
    A gun trust may be a good idea. It's not cheap, I got pricing of $650 to $850, but at least if you pass, the state you live
    in won't tie up your firearms in probate, or confiscate them all together. That may happen if you don't designate beneficiaries.
    Team Bolt Action Rifle #181, Team 22 Magnum #192, Team 60 #517, Team 30-30 #1381

  6. #15
    Tinhorn
    Join Date
    Jan 2019
    Location
    Indiana
    Posts
    30
    Member #
    141781
    Thanked
    83 times
    Sounds like Skyhunters father was a wise man. I think that is the approach I will take. As well as another poster who has been passing them out on special occasions. Can always count on you guys for good ideas. Thank you.

  7. #16
    Marlin Marksman
    Join Date
    Nov 2018
    Location
    North East USA
    Posts
    1,006
    Member #
    140045
    Thanked
    2406 times
    My parents moved to a retirement facility a few years ago. This was a huge downsizing for them. Dad specifically asked me what I wanted of his firearms. I told him of the two that I really wanted. He then split up the rest between my brother and myself. My brother isn't much into the shooting sports...but he does enjoy getting out at times.

    Anyway...my advice is to ask the kids what they want...and resolve any disputes now. I believe you will find it easier. Also...make it known to them...that if YOU want to use a firearm...that it is still available to YOU at any time. (if the collection is geographically close enough to you to make this practical)...as long as they know it will return to them...they shouldn't have a problem with it.

    my $0.02

    redhawk
    The only stupid question...is the unasked one.
    Be Alert....we need more lerts.
    Not all who wander....are lost.

    If more government is the answer, then it was a really stupid question. - Ronald Reagan

  8. #17
    Sidewinder
    Join Date
    Jan 2020
    Location
    Third Coast
    Posts
    108
    Member #
    149215
    Thanked
    138 times
    Quote Originally Posted by Danee96 View Post
    ... Right now I think I’ll put a tag on each gun with the name of who I want to have it. I’ll begin handing them out as the spirit hits me. Any thoughts you guys would like to share would be appreciated.
    I have NFA so while tags on things is nice for heirs who play well together it doesn't have a lot of legal weight. Everything I own belongs to a trust, trustees and beneficiaries are listed in the trust.

    I paid <$300 for my trust from this guy https://www.myguntrust.com/about-us but there are less expensive alternatives out there that are just at solid, ask around.
    F150Grrl, marlinluvr and HoploDad like this.

  9. #18
    Contributing Member
    Join Date
    Sep 2012
    Location
    Swamps of Virginia
    Posts
    7,626
    Member #
    34489
    Thanked
    16462 times
    I am adoptable..............and really big and furry.................
    WHEN THE PEOPLE FEAR THE GOVERNMENT THERE IS TYRANNY, WHEN THE GOVERNMENT FEARS THE PEOPLE , THERE IS LIBERTY......... Thomas Jefferson

    life member NRA

  10. #19
    Deadeye
    Join Date
    Feb 2008
    Location
    Northern Wisconsin
    Posts
    635
    Member #
    4900
    Thanked
    1790 times
    Those of you with "outdoor" kids are fortunate. NONE of the kids/grand kids are that type, unless you count golf courses. When my hunting/shooting days are done I'll have to dispose of them myself one way or another. Hard decision to make although I've taken two to a gun shop for consignment sale. Depending on how well that works out I'll either keep taking some, or look at alternative choices.

    From the time you are young you have a great illusion of immortality. Other people die not you ... Then when you have a life changing illness you lose that illusion and you know it can happen to you.
    Nothing is impossible......for the person that don't have to do it !!

    Benefactor Member NRA

  11. #20
    Tinhorn
    Join Date
    May 2009
    Posts
    79
    Member #
    10379
    Thanked
    133 times
    An uncle of mine died several months ago. He left several hundred firearms and no will. Right now all the gun are in the oldest son's garage and they belong to "all the children equally". He had two sons and two daughters. I'm waiting till something happens to on his kids and the spouses and grandkids get interested in their "share" of the guns. I'm thinking it's only a matter of time till things get ugly. If you have more than one kid, I'd advise anyone to have a will spelling out exactaly how things will be divided up. I've seen a number of close familys torn apart over estates.


Page 2 of 5 FirstFirst 1234 ... LastLast

Home | Forum | Active Topics | What's New | Subscribed Threads

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •