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Posted: 1/23/2018 10:52:59 AM EDT
[#1]
Someone else chime in on the form number please. Yes it should be specifically outlined on who receives those items.
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Posted: 1/23/2018 11:33:45 AM EDT
[#2]
Depending on how the trust is set up, the items may automatically transfer upon your death.
For the individual forms, you'll want to have a Form 5 filled out for each one. Even if the Form changes down the road, most of the info will be there. |
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Posted: 1/23/2018 11:38:14 AM EDT
[#3]
^Form 5. Thx
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Posted: 1/23/2018 11:38:25 AM EDT
[#4]
Quote HistoryQuoted:
Depending on how the trust is set up, the items may automatically transfer upon your death. For the individual forms, you'll want to have a Form 5 filled out for each one. Even if the Form changes down the road, most of the info will be there. |
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Posted: 1/23/2018 11:47:57 AM EDT
[#5]
<a href="https://www.atf.gov/firearms/docs/form/form-5-application-tax-exempt-transfer-and-registration-firearm-atf-form-53205/download">BATFE Form-5
</a> Here is the url..... https://www.atf.gov/firearms/docs/form/form-5-application-tax-exempt-transfer-and-registration-firearm-atf-form-53205/download I would suggest leaving instructions for control of the Trust (and addition to it, if any) into the Will. Also, If it were me, I would do the form 5 to transfer all individual items to the trust, that way a number of people will be able to deal with them once transfer is complete, ymmv. |
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Posted: 1/23/2018 12:09:59 PM EDT
[#6]
Quote HistoryQuoted:
Also, If it were me, I would do the form 5 to transfer all individual items to the trust, that way a number of people will be able to deal with them once transfer is complete, ymmv. |
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Posted: 1/23/2018 12:26:08 PM EDT
[#7]
The NFA items will all be going to the same individual should something happen to me so it sounds like the NFA trust items should be straight forward with change of possession. And I would then need form 5 for the remaining NFA item's purchased as Individual if I am understanding this correctly.
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Posted: 1/23/2018 12:57:03 PM EDT
[#8]
Quoted:
.... I have suppressors on a Trust and Individual ..... NFA firearms in a trust will remain in the trust and the trust determines what happens. In short, if your trust has other members (responsible person) then the NFA firearms remain with the trust and those members can continue to lawfully possess those firearms. NFA firearms that are registered to you individually would require a Form 5 (tax free) upon your death to your beneficiary. You should have a will that details which beneficiary is to get those firearms. Moving NFA toys registered to you as an individual to a trust would require a $200 tax stamp for each firearm. |
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Posted: 1/23/2018 12:58:05 PM EDT
[#9]
Quote HistoryQuoted:
The NFA items will all be going to the same individual should something happen to me so it sounds like the NFA trust items should be straight forward with change of possession. And I would then need form 5 for the remaining NFA item's purchased as Individual if I am understanding this correctly. |
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Posted: 1/23/2018 2:10:58 PM EDT
[#10]
Quote HistoryQuoted:
You cannot F5 items to your trust in this manner - it would require another F4 and another $200 stamp per item. I've never dug into it, just assumed if it was named as the legal heir (as opposed to it simply defaulting to spouse/child/etc) that it wouldn't be an issue. |
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Posted: 1/23/2018 2:13:39 PM EDT
[#11]
Quote HistoryQuoted:
Why can you not list the trust in the Will as the heir for those select items? I've never dug into it, just assumed if it was named as the legal heir (as opposed to it simply defaulting to spouse/child/etc) that it wouldn't be an issue. |
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Posted: 1/23/2018 4:16:42 PM EDT
[#12]
Quote HistoryQuoted:
My trust is written so as to accept any firearms I might leave it in my will. Not certain what would be involved in the actual transfer from my estate to the Trust, though. |
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Posted: 1/25/2018 12:52:39 PM EDT
[#13]
Quote HistoryQuoted:
Have a Form 5 already filled out and stored with your will. Makes things easier. Oh, and make sure you bequeath them specifically in the will. |
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Posted: 2/6/2018 3:06:56 AM EDT
[#14]
Quote HistoryQuoted: Yes, upon your death you can will the personal items to the trust tax free on F5... provided your trust is written to survive your own death as grantor. 
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